Replies to post #33091 on Humanigen Inc (HGENQ)

[OneDay4488]

Agree. Which is why we should have sold with Dale at $17. Maybe Dale and other management will be buying back shares at these levels

[Protector]

The GreatSwami, no a good idea IMO.

3.4+ Milj shares traded in Pre-Hours

That is 3-4 times the daily volume of the past months. Very probably many shorts closing their position, take profit and getting ready to short this again on open. Everyone knows that HGEN must and will go through a PPS dip, there is no avoiding of that. And they know it to.

The current 6.25$ is NOT a cheap price for HGEN. 2.25$ (When they started the Lenz-COVID-19 hype) is not even cheap. But the stock had a great short term leverage potential IF...IF the EUA would have come through.

And with what cash will HGEN do a buy back. A bank will not provide the cash for that operation in the current situation.

I think one either sits this out or takes losses. Sitting out might take a while and a reverse split is not even an impossibility if even the least smallest other thing goes wrong.

So a cheap buy back now? I don't think so.


AIMO