Humanigen Inc (fka HGENQ)

[cowtown jay]

Humanigen history lesson, for those who don't know it, or are too rattled to remember it.

"After the close of markets on November 18th (just one day after KBIO received its delisting notice), KBIO announced that an investor group led by Martin Shkreli had just acquired “more then 50%” of KBIO’s shares. So this is why the share price had spiked from 44 cents. When the market opened the next day, KBIO skyrocketed from $2.00 to over $14.00 on staggering volume, as terrified shorts scrambled for the exits...

After the close on November 19th, KBIO released a second announcement, stating that the group had now acquired a full 70% of outstanding shares and that Shkreli had been appointed as KBIO’s new CEO and Chairman. Shkreli’s group had stated that it would inject an initial $3 million in cash with an additional $10 million following shareholder approval. By November 23rd, KBIO had briefly hit $45 per share. But, even then Shkreli was not yet finished with his plan...

As KBIO’s share price had been spiking, short interest had been growing. And Shkreli now owned 70% of the outstanding shares. Then on Thanksgiving Day 2015, when markets were closed, Shkreli tweeted that he had decided to recall his KBIO shares that had been lent out to short sellers. The resulting squeeze was just a simple math problem. When Shkreli recalled his shares, brokers would be forced to buy-in the short sellers, causing it to spike uncontrollably."

https://moxreports.com/kbio-infinity-squeeze/

Things are not quite the same now, as they were then, when shares actually traded well above $200. I think Dale's entities are holding more than the 70% of shares as previously acquired. And of course, we have a successful Phase III LIVE-AIR trial, and outstanding results from the PREACH-M and RATinG trials, and an on-going trial of lenz for CAR-T sponsored by Mayo Clinic.

And let's not forget that our CEO is looking to invest millions more into Humanigen as our Debtor in Possession. I truly believe that we have never been stronger than we are now.