Replies to post #8557 on Humanigen Inc (fka HGENQ)

[MWM]

They won't be selling imo...

[Engineering_Simple]

you're correct! I believe it was 10 days max though

[dloggold]

They could always sell shares to finance the deal , they can stroke a check too who knows

[rstar]

10 days i think was just to register them - than i think that registration has to go through SEC approval- so could be a lot longer- and like has been said- these are longer term high end biotech investors- not some toxic funders- so they will likely be holding for far more material events to unfold-

[sosjtb]

With the volume this trades at, any attempt to start selling those shares will tank it back to the Pipe price.

I think they won’t be doing anything until well after phase III. They know that the trials are likely going to go smoothly. They probably see a significant partnership or buyout down the line....well over the current pps.

[cowtown jay]

I'm actually surprised by that 10 hold period. Maybe Rule 144 doesn't apply here, and there is no need for a 6 month holding period.