Humanigen Inc (HGENQ)

[US-JUSTICE]

Because authorized shares was 250 million shares,
they could easily raise additional equity via share dilution or issuing more shares to raise capital to continue operations instead of going bankrupt. the lawsuits were fake and the company wanted to get sued so it declare chapter 11. and make equity worthless after selling over 100 million in equity in 2021 and 2022. after bankruptcy, the guy still owns the ip assets and investors who bought the shares get nothing and shares worthless. it's classic stock scam. that is a common theme in many companies. but its so obvious now. too obvious.