Replies to post #43378 on Humanigen Inc (fka HGENQ)

[RitonavirCYP3A4]

Ludicrous and way off base. This is not a positive for HGEN and Dale et al. This is accurate:

The liquidating agent for Humanigen, Inc. (trading under “HGENQ” during bankruptcy) receiving a 180-day extension to vacate claims against the estate typically occurs for several reasons. These extensions are often granted to provide the liquidating agent with additional time to evaluate the financial standing of the estate, review claims from creditors, and prepare a comprehensive liquidation plan. Here are some common reasons for such an extension:

1. Claim Evaluation: The agent may need more time to thoroughly assess the claims filed against the estate, determining which are valid and how much the estate can reasonably pay out to creditors.
2. Asset Liquidation: The process of selling off assets to maximize returns for creditors can take longer than anticipated, especially in complex cases involving corporate bankruptcies like Humanigen’s. The extension allows the liquidator to optimize the asset sale without being rushed.
3. Settlement Negotiations: In some cases, negotiations with claimants, including the SEC or other creditors, may be ongoing. The extension provides time to reach settlements or handle disputes without the pressure of an imminent deadline.
4. Court Approval: Certain aspects of the liquidation process, such as the sale of significant assets or settlements, might require court approval, which can take time. The extension ensures the agent complies with all legal procedures.

In essence, the extension is granted to ensure the liquidator can perform due diligence, optimize asset recovery, and fairly address creditor claims while complying with legal and procedural requirements.

[sosjtb]

How could they arbitrarily transfer our shares into another entity without notifying shareholders? Why would they even need to do that when they hold all the cards anyway?

There is no benevolence in the stock market, Dale and Cameron will do what’s best for themselves and their wallets since they no longer have shareholders to answer to…that’s why they dissolved the company and canceled our shares.

Simply put, they don’t owe the stockholders shit since the company no longer exists and its assets were basically given away since no one else even tried to bid for the Lenz patent, which really begs the question on what it was really worth in the first place?

My wallet hopes you are right and they throw something our way, but that’s is the slimmest of slim chances and more a pipe dream imo.

In short they fked us real good!