Humanigen Inc (HGENQ)

[cowtown jay]

Regarding all of these SPNG-related posts, an early transcript between the bankruptcy judge and the trustee reflects their discussion about what to do with all the naked shorts, so the judge just decided not to order the required list of shareholders.

Subsequently, the trustee and the SEC entered into an agreement to deregister the shares. The judge sided with shareholders to rule against the settlement agreement.

I was able to subpoena the Electronic Blue Sheet trading records from FINRA, reflecting tens of millions of naked short sells everyday.

Ultimately, the Judge told me that he thought shareholders had a claim against the brokerages, but he couldn't see how naked shorts negatively impacted the company. I explained how it did, but not to his satisfaction. How a bankruptcy judge can sit on a seat in the EDNY, and not understand basic economics, should be surprising. But it's not.

The criminal court judge just sat on a motion I had filed, until she dismissed the motion when she found the company executives guilty.

Judge Denise Cote, who wrote the widely referenced SEC v Cavanagh decision, found several of those same defendants guilty of contempt of court, after I notified her of her defendants' participation in the SPNG case, despite being barred from such participation.

I'll contact Special Counsel John Durham about the SPNG case after we are successful here, complete with a short squeeze and authorizations and approvals.

These posts about SPNG should not be on the HGEN board. But they are, and as such, I wanted viewers to see that there was another side to the story.