Humanigen Inc (fka HGENQ)

[peregr]

Time to school you as you obviously haven't read the court documents. The Company is in Chapter 11. This is a section 363 filing of the bankruptcy code. The stalking horse is Cam and his syndicate. They have filed their purchase agreement and this sets the bid. The DIP financing is $2 million. That in and of itself would wipe out the stock as there is considerably more than $2 million in unsecured claims. However, you need to understand the potential for milestone payments that are part of the bid. After you have read that, and fully understand what it means, then you can "obviously" tell us what you think it means and then, I will tell you if you are correct. As of now, your comments have nothing to do with the Chapter 11 filing.
While this is unpalatable, it was a pretty good move by Cam to continue with the Ifab/Lenz program.
But there will not be a reorganized Humanigen conducting Lenz trials.