I would like to respectfully address comments made here very recently. A couple of you have said, "Do I still believe HGEN shareholders are screwed? Yes." And similarly, from another poster, "As for HGEN I also am in the camp that we are screwed as shareholders. The comments were from SG44 and DTG, respectively.
However, the Debtor said, "Here, the Combined Plan and Disclosure Statement provides for the liquidation and
distribution of all of the Debtor’s remaining Assets. Accordingly, the Debtor believes all
chapter 11 plan obligations will be satisfied without the need for further reorganization of the Debtor. "
I can't reconcile the Debtor's statement, that all CH11 obligations will be satisfied, with your opinions that shareholders will be screwed. This is especially true since the Asset Purchase Agreement was amended to increase the number of Milestone Events, and also increase the amount of the payments for each Milestone Event. And we know that a US BLA, or regulatory approval from any of a number of foreign governments, are REQUIRED to reach a Milestone Event. For you guys to be correct about shareholders getting screwed, then the value from reaching the Milestone Events could not exceed the amount due to Unsecured Creditors. That will not happen, any financial recovery will be far greater than the amount owed to Unsecured Creditors.
And sosjtb, while I agree that the initial vaccines were better than NO vaccine in real time, I don't agree that, "Science and reason is what ended the pandemic when it was killing on a daily basis." Our initial focus on getting mRNA vaccines to as much of the world as we did, was only the precursor to what could be a far worse pandemic, with a more virulent outcome, into populations with impaired innate immune response systems, damaged by the previous mRNA vaccines.
Also, I recently shared videos on the subjects of:
a "Potential breakthrough coronavirus treatment," and
how "Treatments for Covid Are Being Ignored By FDA."
How did Tucker alter those topics? I earlier shared a video of Chris Cuomo interviewing the former CDC director, Robert Redfield. Does that mean I have TWO tinfoil hats?
Back to the main subject of this post. What I did not discuss was management's efforts in the private sector, capitalizing on establishing business relationships with partners such as Sanofi and Novavax. I think those opportunities are palpable, and reason beyond this CH11 that promise our success.