Humanigen Inc (HGENQ)

[10nisman]

I am definitely sympathetic to your point. But we have no idea about his situation. There are a number of different reasons why he would sell but all we can do is speculate. Maybe his wife wants to build a big house and he wants a yacht. Maybe he has accrued debts over the last few years that have come due.

"His Situation"... Yeah. Something like that. Maybe you should spend some time doing some research on this topic.

We do know that he still owns the the majority of his shares whereas CytoCrime management have sold every share possible. Chappell paid pennies for his shares so he probably doesn't believe he needs to maximize every cent. Only a degenerate gambler would feel that they couldn't sell any shares when they already have more than a 100-bagger.

You act like if Dale could sell every share tomorrow he wouldn't. Nobody on this board appears to understand the game. Biotech executives have been doing this for decades and decades... If Dale sold all of his shares being "Chief Scientific Officer", HGEN's share price would crater because who would buy its shares except for those on this board. So, like any good Ponzi scheme its a long game... Sell 1% of your holdings every couple of weeks, give yourself some more stock options and talk about all the great work you're doing while you sell your shares to new shareholders. And because you're a biotech, you dilute your existing shareholder base at the same time because you need to investment significantly in this "breakthrough" idea in some multi-billion dollar market.