Replies to post #27307 on Humanigen Inc (HGENQ)

[Newtg]

PITrader87 maybe, maybe not regarding the ATM. We only know what we know, not what Dale and Cameron know. What appeared to be enough money in February and early- to mid-March may be woefully inadequate based upon their private, ongoing conversations with external partners and customers. I do agree that seeing the share price plummet is hard, but based upon how it has traded since I first bought in 8/2020, a decline should have been expected. I believe they are doing what is best for shareholders long-term, even if it hurts now. In fact, I believe they announced a couple days earlier than they would liked (3/31 IMO) to preemptively help the share price and possibly because of other company's data releases. Just my two cents. Rooting hard for all on this board and hope we all do well!

[cowtown jay]

I actually did sell some shares Monday, buy a few more shares more than I sold, had my account balance to the level I want before I withdraw money, and had the cash target funds available. Available, that is, for trading, but not then available for withdrawal (I tried, LOL). On Tuesday, I couldn't resist buying the dip. And today has been a disaster. I blew it.

But I have more shares than I intended, so that will work to my eventual advantage.

What made management initiate a Controlled Equity Offering at the end of last quarter, suspend it, and replace it with a public offering as this quarter comes to an end, especially as it has been so detrimental to shareholders, at least at this time? I agree that an explanation is in order. I suspect that the answer will make sense.