Humanigen Inc (HGENQ)

[DonDonDonDon]

I do find quite ironic that D4 turns claims that HGEN’s drop is entirely due to XBI, ….so we should interpret it as a near perfect correlation of R = 1? Talk about double standard….. LMAO!

XBI is an ETF. We are literally tied to it. We are one of its biggest holdings. I believe XBI owns 8 million shares of HGEN out of 63 million outstanding shares. Since HGEN has a small market cap, the XBI going up or down has a big impact on our share price because XBI literally buys and sells HGEN as it goes up and down. Take a look at how similar today's movement is (for instance take a look at 15:07 when we both spike down in the same minute because of large sells):

https://www.cnbc.com/quotes/HGEN

https://www.cnbc.com/quotes/XBI