Humanigen Inc (fka HGENQ)

[cowtown jay]

Is 110M the overwhelming majority of 119M? We've seen about four million of those shares likely sold to DTG. So I dropped my estimate of the company owning 92% of the shares they issued, down to ~90%.

Note the following.

"Chappell has complete control over the Black Horse Funds’ investment portfolio, which is “heavily concentrated” in Humanigen stock, so much so that the stock “represent[s] the overwhelming majority of the [Funds’] holdings."

see pg 3
https://law.justia.com/cases/federal/appellate-courts/ca3/23-2776/23-2776-2024-07-09.html

What that means is that those shares were transferred to the Receiver of the Black Horse entities' assets, before they were canceled.

Now, it remains to be seen how the receiver may have consummated a transaction of those shares being traded in exchange for shares in Taran. I actually think there may be additional patents in any such transaction.