Replies to post #27303 on Humanigen Inc (HGENQ)

[Ruffieruff]

People have waited a long time for top line data, the stock ran and than dropped all the way back down to line these brokerages pockets. Doesn’t pass the smell test. Management should be held accountable. JMO.

[PITrader87]

The company could have raised the exact same amount of money leaving the controlled offering in place and not saying a word. Think about it, they definitely could have raised the $100 million with the controlled offering at a higher PPS without giving up as many shares as they will now. The only people benefiting here are the investment banks who didn't have to take on the risk of investing through top-line data like we did, and they now get the option for shares WAY below recent highs. For what? Good Graces? Some high PTs on analyst reports that clearly no one cares about?

Like I said in a previous post, management explicitly said in a previous webinar that they had enough of a cash runway with the Hercules loan, which is why I flipped 0 shares during Monday's run. This is the first time I feel management has mislead investors in my time watching the company. I still love the potential, but this has been an incredibly disappointing week to say the least.

I refuse to just hope, assume, and guess why this could be a positive sign. An explanation from the company is in order.

[Newtg]

Jay, isn't it possible that sellers and shorts could have exacted the same amount of carnage, regardless? What downside event or announcement has occurred in the last 2 trading days that would have discouraged sellers? We could be at roughly the same price, without HGEN getting their coffers filled with the offering proceeds. The offering reminds me alot of medicine, diet, exercise and discipline. They are all uncomfortable at that moment, but are all eventually beneficial and appreciated. I agree margin buyers are hurting. That's a risk they take. Longs who didn't take some money off the table in the mid- to high-20s made a mistake in my opinion. I sold 15% at $26.50. It has been re-deployed at $24, $20, $19.50, $19.25, $19.00, $18.90, $18.50, $18.30. I have since bought back those 1000 or so shares, with cash left over for additional buys. Anybody who has watched HGEN should know it can't keep a high. Nor should it until an EUA announcement and some revenues. I want a big win here, like the rest of us. However, I've also got sick of watching traders and shorts make money at the expense and risk of us buy-and-hold longs. Nothing is announced during the trading day, so I think there is time daily to get in and out of a trade, IMO. Not my comfort zone, but I have started trading conservatively just to keep some sanity. GLTA.