Humanigen Inc (HGENQ)

[ZenNavigator54]

people who own 50 shares of a company with 200 million shares don't matter. and you don't own the company. the company currently has less than 20 shareholders. and if you have less than 50 shareholders it is a private company. essentially the company is a private company with less than 20 shareholders and one shareholder owning 90% of the shares. waste of money sending mailing to peon shareholders to vote when one guy decides who is the board of directors. in many companies, the board of directors is selected by the ceo who is an employee. like this company, the ceo is also the chairman of t he board, yet on paper he owns less than 200,000 shares but controls and owns the company. something wrong with the corporate structure. in this company, the ceo and three board of directors is just a front for the real owners of hgenq and many companies listed in the exchange. you have one guy who sits on 10 board of directors and has a full time job. how can he do his duties as a board of directors. and gets paid $100,000/year for seat as board of director that only meets 4 times a year