There are two potential positive catalysts to look forward to in the next few weeks.
First off, Dale and other insiders will likely have another window of opportunity to buy more shares 2 days after the Q1 quarterly report is released as long as they are still not in possession of non-disclosed material information. Last year's Q1 quarterly report happened on May 12th but they might rush this year's release date to increase the chances of getting their buys in before TLD is released. This year's annual report was released on Feb 28th whereas it was released on March 10th the year before. So the Q1 quarterly report could conceivably come out as soon as tomorrow and insider buys could happen as soon as Wednesday. In March, Dale bought one million shares and a bunch of calls but his buying plan might have bought significantly more shares if the share price had been lower. The share price was exactly $2.00 when Dale set up his buying plan. It is anyone's guess the number of shares that Dale's buying plan would have bought if the share price had stayed at $3.00 or below. There were 11 days left in his buying window after his purchase of 1,000,000 shares at $3.00.
Another event that might help the share price is the May 20th options expiration. Max pain is $2.50. So the sellers of puts have incentive to increase the share price to $2.50 by May 20th and there is zero disincentive to raising the share price to $2.50 for the sellers of calls. The share price closing at exactly $2.50 on May 20th wouldn't be surprising. Although, there is a 20 day buying window for insider's share buys so let's hope Dale's buys push the share price significantly higher than $2.50 on May 20th and beyond. He felt that it was worth buying a million shares at $3.00 in March so let's hope his buying plan keeps buying until it reaches that level.
HGEN Q1 quarterly report dates according to Investing.com
May 16, 2017
May 15, 2018
May 9, 2019
May 7, 2020
May 12, 2021
