Humanigen Inc (HGENQ)

[cowtown jay]

I don't want to impugn Baudax's former Controller, since her merger subs were too sophisticated for me to appreciate. But for whatever the reason, she is no longer with Baudax, nor is their former Auditing Firm.

We saw Dale file his purchase of the Baudax shares, as required. Humanigen did not disclose a merger, but I don't see how we could have, since there is a problem with the accounting for the Tera-Immune acquisition.

The recall of our loaned shares is a stand alone function. I don't see how this issue could undue management's right to recall their loaned shares, if I'm right about that happening.

The impact of the recall could be historic, especially if announced with news of regulatory approval or purchase agreements. There are a number of market participants who will lose market share, or be subjected to heavy losses, if required to buy-in shares. They will use every trick in the book to prevent that, to include attacking the auditing firms. We need to be structured as defensively as possible.

But I think it's important to understand the concerns recently voiced by shareholders such as you, sosjtb, and Preciouslife1. This has been a grueling process for all of us, including management, I'm sure.