Replies to post #43066 on Humanigen Inc (fka HGENQ)

[All-Bidness]

Guy we're done, shares dissolved, asset sold to a private company. Wake up. Also how many shares did you have and at what average?

[SorcererGuru44]

So you think a US BLA or regulatory approval, either domestically or internationally, which is required to activate a Milestone Event, is only worth pennies on the amount owed to Unsecured Creditors?

You've incorrectly merged multiple facts into one. I did not say that the milestones will pay off creditors in pennies on the dollar. I said the difference of keeping this CH11 and not 7 is fractions of a percent, aka pennies on the dollar. The whole process of not switching to 7 is cost of doing so, and the fact they structured the liquidation so creditors get at minimum what they would have in 7+ that fractional extra. I'm not sure why you believe the milestones will somehow equate to half a billion dollars to miraculously breathe life into a company that doesn't legally exist.

Just do the math they wrote in the docket for you.