Humanigen Inc (HGENQ)

[cowtown jay]

Some things never change, shajelly. Crucial to our success is Humanigen's plan to recall their loaned shares, which we see that Trump Media (DJT ticker) attempted in a completely amateurish fashion.

The problem comes exactly from my effort to focus on Penson Financial for their role in the SpongeTech market, which led to an Emergency Rule Change the SEC had to approve to transfer Penson's accounts to Apex Clearing.

"I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change

The Exchange proposes to temporarily suspend the requirements of Exchange Rule 2.6 and related Exchange rules concerning the approval of new Members?[3] of the Exchange in order to approve Apex Clearing Corporation, f/k/a Ridge Clearing and Outsourcing Solutions, Inc. (“Apex Clearing”) as an Exchange Member, subject to Apex Clearing complying with Exchange Rules for a new Member within 30 calendar days of the date that Apex Clearing is provisionally approved as an Exchange Member. The Exchange is also proposing to accept Apex Clearing's assumption of all of the existing clearing agreements and arrangements currently in effect between Penson Financial Services Inc. (“PFSI”) and various other Exchange Members by execution of a global agreement thereto."

https://www.federalregister.gov/documents/2012/06/11/2012-14072/self-regulatory-organizations-bats-exchange-inc-notice-of-filing-and-immediate-effectiveness-of-a

On the plus side for Trump Media, they do have people who understand what is happening, at least to an appreciable extent.

"“I believe quick action is necessary to protect retail shareholders, identify wrongdoers, and determine whether any laws including [Racketeer Influenced and Corrupt Organizations Act] statutes and tax evasion laws have been violated,” wrote CEO Devin Nunes, who on April 24 first asked top House Republicans to probe short selling of Trump Media stock.

Nunes, in a letter dated Wednesday, wrote that the committees should seek documents and testimony from the eight firms that he named: Apex Clearing, Clear Street, Cobra Trading, Cowen and Company, Curvature Securities, StoneX Securities, TradePro and Velocity Clearing."

https://www.cnbc.com/2024/05/02/djt-trump-media-ids-firms-for-house-short-selling-probe.html

My question is, does Nunes know that the House members he is asking for quick action, may be rightfully included as RICO defendants? They empowered Apex Clearing by the Emergency Rule Change they approved.

These are the minefields that Humanigen's management have to contend with. They did so successfully as Kalobios, and they are even better positioned to succeed now.