Humanigen Inc (HGENQ)

[cowtown jay]

D***,

"D ⭐️⭐️⭐️
@_flyers77
What are the different options of how this can play out?"

What are the different options of how this can play out?

— D (@_flyers77) February 11, 2024

The bankruptcy judge determined that the hearing established "... just cause for the relief granted herein; and any objections to the relief requested in the Motion having been withdrawn or overruled on the merits; and after due deliberation thereon and good and sufficient cause appearing therefor,

G. In the Motion and at the hearing on the relief set forth herein, the Debtor
demonstrated that good and sufficient notice of the relief granted by this Order has been given and
no further notice is required. A reasonable opportunity to object or be heard regarding the relief
granted by this Order has been afforded to those parties entitled to notice pursuant to Bankruptcy
Rule 2002 and all other interested parties.
H. The Debtor has articulated good and sufficient reasons for this Court to (i) approve
the Bid Procedures, (ii) schedule the bid deadlines and the Auction and the Sale Hearing,
(iii) approve the form and manner of notice of the Auction and Sale Hearing, (iv) approve
procedures for the assumption and assignment of the Contracts, including notice of the proposed
cure amounts, (v) authorize the Debtor to enter into the Stalking Horse Agreement, in the exercise
of its reasonable business judgment. The entry of this Order is in the best interests of the Debtor,
its estate, creditors, and other parties in interest."

pp 6,7,8/95

https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1056710&projectCode=HUM&docketNumber=64&source=DM

So I don't see any red flags from the judge at this point, and I hope we can make it through tomorrow without any new bids.