Humanigen Inc (CE) (HGEN) Quote

I was wondering when John Hohneker would show up again.

ArriVent Appoints John Hohneker, M.D., to its Board of Directors
May 16, 2024

https://ir.arrivent.com/news-releases/news-release-details/arrivent-appoints-john-hohneker-md-its-board-directors

Cheryl Buxton appears to serve as an Independent Director for Wallmine investment advisors.

https://wallmine.com/otc/hgen/officer/2051278/cheryl-buxton

And we know Kevin Xie's Gracell is now a subsidiary of AstraZeneca, and likely a lenzilumab licensee. I always thought there was an opportunity for us to improve the safety and efficacy of AZ's covid vaccine, in addition to their acquired CAR-T.

https://www.astrazeneca.com/media-centre/press-releases/2024/acquisition-of-gracell-completed.html

thats a fair point, the only difference is cytodyn has such a huge retail sheep detail following the company that paulson is able to dump shares to at will. no such thing here

That's nothing, could've done an offering with Paulsen Investments like Cytodyn does, they raise $10's of millions they have close to a billion shares. Company had options, question is why didn't they try. They tried for a partnership, didn't work out, gave up.

Same with many US agencies giving excess fines to companies. etc. giving 100 million to rats? or whistle blowers. company pays the fine for their 'alledge' crimes and settle, SEC gets a cut of the 100 million.why should the rat get anything? SEC employees get half of any payment. that is how corrupt the SEC is now.

courts given these fines to people or companies. without thinking that the fines are excessive and unreasonable. and is considered state persecution when fines are too high. it's punitive and state persecution rather than preventative or fair fines. that amount that HSBC bank was force to pay close to 1.2 billion for 'alledged' money laundering is one special case. when entire exchange is money laundering and entire cryto coin industry is money laundering yet HSBC which is foreign bank main bussiness is in Asia is targeted either HSBC was competition in the lucrative forex business and cryto coin trading in the US market. HSBC just shut down all it branches in US after the 1.2 billion fine was paid.

The King of France owed huge debt to the knights of templars to fund wars and he could not pay so what he did, he killed the creditors by making false accusations of devil worshipping by the knight templars who are not the free masons.
Now with debts that are unreasonable and unjustified, the debtor can just kill the credistors as what the Germans did in war world 2. it was given unfair fines in the versailles treaty and debt carried interest so by 1930 due to high inflation the debt exploded, and no way Germany can repay the war debts or be 'enslaved' so it declared war on France and England. all because the debt given to Germany was excessive, unfair and unreasonable, the debt would have enslave the country if it was not written off after world war 2.

of the 44 million 'creditor claims'
a least 40 million is 'disputed' claims so this company only had 4 million in unpaid 'expenses' with 3 million in cash. in 2022.
why even pay a dime to some fake 40 million 'DISPUTED' claims. ?
it was easier and more expedient to just declare chapter 11 but was the plan to go bankrupt. and get sued and collect the 5 million insurance payout.

The Authorized Shares is 225M, and 119,080,135 of those shares are issued and Outstanding.

At one time, I think management was contemplating a 5:1 forward split. We may still see something like that. For example, maybe Taran will offer 5 shares of their stock, for every one share of HGEN stock, and end up with an OS of 595,400,675 shares. That OS was reported for us, at one time.

Any news will result in more than enough to pay off our Unsecured Creditors, and have this bankruptcy discharged. Remember, after TLD, I was able to sell shares at an average price of ~$28 (x 119,080,135 = a Market Cap of $3.3B, even without the spike of a recall of the loaned shares, or news regarding CMML).

We're dealing with the US government owning a sizable chunk of Moderna, and the ECB and German government heavily invested in Pfizer, plus these governments are providing the majority of the Regulatory Agencies' operating expenses, with government scientists also earning royalties from these companies.

So I agree that the best move is to look to Australia for the approval of lenz to treat CMML.

Management has more ice water in their veins than we do. I think it represents nothing less than stone cold resolve, and means that we will succeed.

and how the insurance company who paid out $5 million without a redflag? the employee of the insurance company which approves payout is probably bribed too. and insurance company gets ripped off. most of the time insurance company won't pay a dime and even hire private investigators for insurance fraud if it has red flags. and don't pay if there is suspicion of insurance fraud. especially for murders or death of life insurance where wife is murdered by husband and claims insurance, business insurance liability fraud is much easier to do insurance fraud. as nobody is murdered.

tough to get money when you owe 45 mm out the gate , so…

And for the $5 million dollar management insurance which was bough in 2022 and company filed a claim in 2023,, what insurance would not raise red flag that its insurance fraud. with some insurance companyagainst management lawsuits or management misconduct. it's just for legal fees or any fines the company has to pay for 'employee misconduct' the employees if they commit crimes are still personally liable for their 'crimes' if criminally responsible. and the money is paid to the company not the employee or any creditor claims.
management think they are buying insurance for murder or robbery. there is no insurance for robbery, if you found guilty of robbery or murder, the employee goes to jail. insurance is just to cover the cost of legal fees and fines in civil cases not criminal charges.
who sell that kind of insurance.
it's like the music companies buying insurance for their singers if the singer on contract dies, the music company gets paid $10 million insurance payment. the music company could have killed the singer and say it was suicide type of insurance fraud. like in korea, how can that many actors and singers just commit suicide. someone bought life 'business' insurance for them.

"Myelodysplastic syndrome (MDS) is a group of cancers that affect the bone marrow and blood. In MDS, immature blood cells in the bone marrow don't develop normally and instead die or become unhealthy. This can lead to a buildup of defective cells over time, which can cause problems like anemia, leukopenia, and thrombocytopenia."

https://www.mayoclinic.org/diseases-conditions/myelodysplastic-syndrome/symptoms-causes/syc-20366977#:~:text=In%20a%20healthy%20person%2C%20bone,%2Dclotting%20platelets%20(thrombocytopenia).

I will not be surprised if lenzilumab is being used in the treatment of MDS in Mayo Clinic's Investigator Initiated Trial (IIT). And I think our CMO, Dr. Michael W Schuster, could be aiding Mayo in their IIT. This is his area of expertise.

https://doctors.stonybrookmedicine.edu/provider/Michael+W+Schuster/2250408

So with the low authorized shares 100M and low to no debt. Why didn't the company request additional shares and set up an offering to keep the company going instead of bankruptcy

Humanigen, Inc., paid off their loan from Hercules Capital, about $25M, as I recall, to prevent Hercules from gaining control of the IP, as the book value of the company plummeted.

ie ,if guilliani who was ordered by the court in civil court to owe 100 million bogus 'penalty' for defamation or any wrong doing and has only $1 million in assets and no way he can repay and cannot declare bankruptcy and have debts discharge all his income is theoretically garnished or can be taken so he is essentially a slave made by the 'state'. if there was no bankruptcy law as the 'debt' someone claims on his is beyond reasonable. and no way he can repay such debt but be slave. and debt can never be repaid.

Chapter 11 protects debtors from creditors to seize assets, harass debtor, after chapter 11, all creditors are not allowed to collect debts from hgenq. ..before chapter 11 debtors had right to force repayment and no way you can just declare bankruptcy and not repay. they even had debtor prisons. and how slavery came to be, debtors who could not repay loans were sold to slavery. and sold off to repay debts. many of the slaves who came to Africa to America were people who owed debts to invading armies and sold as slaves who could not repay debts.

Before chapter 11 bankruptcy law after the great depression was to preserve companies from dissolving and shutting down.
Bankruptcy court is mostly to determine if it is 'valid' bankruptcy to not repay debts.
you notice hgenq has NO bank loans as no bank would lend money to this company. the company like most startups if they need money can sell equity, as there is no need to get bank loan as most banks want collateral. or personal gaurantees on loans. because hgenq is a LLC, any debts incurred, owners of the company are not liable for it. even lawsuits against the individuals can only be criminal charges rather than business. if criminal conduct was involved but debts incurred by the company, etc owners of the corporation are not liable.

Thank you very much for providing that information, which did include Board of Director fees for Cheryl and all of the other Board members. But that is not the document I was looking for. I'll post it, when I see it again.

I don't think there is necessarily anything adversarial involved. I did, initially. But Kevin Xie probably coordinated the integration of lenz into the highly enhanced CAR-T platform used by Gracell, and I suspect they are paying license fees to us. I think the BOD resignations were scripted, and designed to disqualify us from NASDAQ. It was in the KBIO playbook.

The recall of my car, which has now been at the dealership for about a month, is going to cost me thousands to repair, and I need good financial news, not more of the same surprises I've been dealing with.

Docket 254 was sustained by Judge Shannon on May 21st in reference document 275 which can be seen here:

https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1083368&projectCode=HUM&docketNumber=275&source=DM

I believe the document you are attempting to find is the debtors schedule/ statement of assets originally filed on January 31st and then amended on February 9th and entered as Docket #115 located here:

https://document.epiq11.com/document/getdocumentbycode?docId=4291480&projectCode=HUM&source=DM

It is important to note that document is filled out entirely by Henry Madrid and creditors mentioned may have no basis in fact other than to show the potential liabilities in order to move the Chapter 11 forward from the initial stages.

I have some speculation on why their names no longer appear, but I'd rather keep it to what I can truly see with my eyes.

Management's Objection regarding claims on account of Equity Interest was not what I had hoped it would be. Here is a list of the claimants, in this regard, in case you haven't seen it.

start on pg 19/26
https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1079544&projectCode=HUM&docketNumber=254&source=DM

I mention it because I did not see Cheryl Buxton's name on it. But the list I saw did mention John Hohneker and Kevin Xie. Now, I see none of the three.

https://www.streetinsider.com/Board+Changes/Humanigen+%28HGEN%29+Announces+Resignations+of+Three+Directors%2C+Company+Now+not+Compliant+with+Nasdaq+Rules/21941128.html

Maybe I need SG44's eyes on this, or maybe I need to finish my first cup of coffee. But I think there has to be another version of the list somewhere.

I just find it a little curious. I still believe that we will have a successful conclusion by the time additional information relative to the co-exclusive licensing deal between Sanofi and Novavax is made known.

"...some non existent illegal hidden share scheme."

If a distribution is allowed to existing equity account holders, the identity of those holders will be determined "...(as reflected by DTC and/or the Debtor’s official register of holders of common stock)."

see Allowance, pg 52/85
https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1089767&projectCode=HUM&docketNumber=309&source=DM

I was right to note the significance of the reported float of 192% of our Outstanding Shares, and to assume that total came from the Transfer Agent.

Even the latest version of our antagonist recognizes that there are more shares in our market, than issued by the company, if he thinks we have someone holding 110M shares, and there are another 36M shares out there somewhere.

those 110 million shares have control value. and decides who gets paid or have access to the companies bank accounts etc.

shares have no financial value other than control value. meaning the guy who owns the 110 million shares controls the chapter 11 filing process and still paying the 4 employees. the guy who still controls the company. even though the shares are technically 'worthless'

there is over 119 million shares outstanding
when the stock hit .04 cents and rugged was pulled over 100 million shares was sold between 1 cent and 4 cent..
now who bought all those millions of shares>

the ceo or management has the record of all the shareholders on record.
as for who owns the 110 million shares,, the ceo and CFO knows.
how you think dividends are paid to shareholders.
there is shareholder record of date and that info the company has it.
only 36 million of the shares are freely traded or registed to be traded
the 110 million share ownership is private information not disclosed publicly
you cannot buy all the shares of the company in the open market to have control of the company as only 36 million is publicly available to buy so no way anyone can buy all the shares in the open market or exchange to control the company or have any say in corporate matters. even if you own 36 million shares or all the freely traded shares, you still cannot have a seat in the board of directors or no say in the company.

and who owns 110 mm shares ?
delusion runs wild here

white collar crime like corporate embezzlement or political corruption is very hard to investigate or prosecute criminal charges without insider ratting or tips. normally the person just get fired from the job. rather than charged for 'embezzlement'. Today the corruption and embezzlement is in your face and getting more obvious and cannot be ignored like in mexico and country becomes failed state .

this entire trial is like watching a play....talking non-sense. with fake bankrupty filing

I'm in the process of reading today's Order issued by the bankruptcy court judge. Taking a break for dinner, so here is the link.

https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1089767&projectCode=HUM&docketNumber=309&source=DM

today zero volume
now one guy still owns 110 million shares and
still not sell his 110 million worth less shares?
this is what I call an illiquid market ZERO volume

not to mention dales insider trading, he should be behind bars to be frank. he benefited abnormally well for an insider

you can say management 'embezzled' corporate assets.
corporate embezzlement is grey area in white collar crime, the actions can be legal or illegal.
depending on the circumstance like pay 100x more than market value for services and products. or paying elon musk 56 billion in salary and say it was worth it. and he was paid fairly. and that board of directors approved it. when the ceo tells the board of directors what to do. or how to vote, it's called rigged vote. only one check box. like a shell game, you give three choices. or picks, all picks is same answer. the company is shell company that is now being dissolved and hgenq shares deregistered.either a new company is created and old shareholders may be getting new shares is how some corporate restructiuring occurs to avoid any legal issues.

this entire waste of time 6 months chapter 11 was unnecesssary and smoke and mirrors, the hgenq bankrupt company spent over 1 million of company cash in legal fees. in the beginning of the chapter 11 it had 3 million in cash. and only 5 million in 'liabilities' that is not disputed like payament serives 'rendered' or payment for bills completed like rent and taxes. etc.
it was not bankrupt. and could have easily raised 10 million in new equity and continued it's FDA application. but going bankrupt or declaring chapter 11 was the plan from the beginning and buy(steal) the ip asssets for free.

ok that’s different than some non existent illegal hidden share scheme (s)
the shareholders largest benefactor, dale , already cashed in on his investment. i question his motivation at this moment
like i said earlier the next we hear from durrant will tell us everything we need to know .

Without regulatory approval, or news of a partnership, etc., we're where we are.

Yes, I did.

let me just say for all practical purposes…
if these guys actually intend to unfold your theory of hidden loaned shares , after a bankruptcy proceeding where they said they were essentially broke, then they will probably have a few three letter agencies lined up
to answer to.
again nothing more than fanciful speculation

Agreed, everything he posts is from another company, with a conspiracy that we are going to merge, be bought out etc. Teran has the asset, management has been missing for years, it's over. 100% over

and you saw it on this website if i recall?

Actually, dlog, there was data in that regard, which I suspected, at the time, was from our Transfer Agent, to the NASDAQ Hearing Panel.

jay there is no evidence to support your claims that there will be any share recall nor that the company owns 192% of the shares.
this is made up in your head
i believe you think just because shkreli did it , that these guys will do the same.
its just silly
at least you are no longer talking about the forward split so perhaps there is hope for you

I mention the following should it be worth doing so.

"To me, part of the reason for investing here has always been a stock play, such (as) they executed previously DBA Kalobios."


I've never considered the PPS as reflective of the value of the stock. The value I have always considered was based on the projected value, when management recalls their loaned shares. It is for this reason that I have maintained open sell orders priced at $200.

Therefore, it is not mere ownership of shares that constitute my Equity Claim. My equity claim is based on a stated float that was reported at 192% of the Outstanding Shares, and knowing that excess shares in the market will have to be bought-in, in the event of a recall of the loaned shares, or a merger.

see pgs 4-5/26

"A. Equity Claims
13. The Debtor objects to the Equity Claims identified on Exhibit A to the Proposed Order because such claims relate solely to the mere ownership of equity security interests in the Debtor (as opposed to a claim arising from such ownership). Therefore, the Equity Claims do
not constitute a “claim” within the meaning of section 101(5) of the Bankruptcy Code. "

https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1079544&projectCode=HUM&docketNumber=254&source=DM

Having said the above, I recognize that no recall of the loaned shares has yet been issued, nor has a merger been announced. However, management has to maintain control of a possible distribution to equity holders, even if motion is made to convert the bankruptcy to CH7.

https://www.upi.com/Health_News/2024/06/18/japan-record-streptococcal-toxic-shock-syndrome/3591718680963/

chapter 11 of filing for banktupcy is a very simple basic process.
creditors force you to sell all assets that you own. if the proceeds is less than that is owed. it's the creditors problem
after chapter 11 the corporation or person has no debts. and is cleared.

that is how bankruptcy chapter 11 works. after all the assets are sold any if any money is paid to the creditors, in this case, there is no money to pay anyone. less than 1 million so that 40 million 'fake liability' against the assets get nothing as all the money is in some 'trust' fund. funds in at trust are impossible to get out without the approval of the trustee. trust fund have a charter saying how the money is paid out too. but that is if the trustee can be trusted. lots of trust funds, the trustee bills the trust fund like percentage of value of assets or annual 'management fee' and sometimes the management fee is so high after a few years, there is no money in the fund. there is less than $500,000 in the fund if the trustee is billing the fund $200,000/year, plus trust fund expenses all the money is gone in a year.

what don't you understand,
the hgenq corporation sold all it's ip assets for nothing.
hgenq has been in DIP debtor in possession means the creditors have seized all assets and auctioned it off to REPAY 'creditor claims' whether those 'disputed' creditor claims are valid was not disputed by hgenq.
and no need to dispute any disputed claim since the creditors get nothing as their is nothing to repay them of any claims they claim. the law suite for the .046/share settlement they are in the same line as the 100 other fake creditor claims.

I don't know what you're talking about, but neither do you. And you're certainly not in position to determine the validity of the claims against the company. The chief invalid claim is that the ACTIV-5 trial did not corroborate the results of the LIVE-AIR trial. The truth is, the ACTIV-5 trial was designed to fail, and failure to meet the endpoint of that trial of late-stage patients, had nothing to do with the successful treatment of the early-stage LIVE-AIR patients. And the class action tort lawyers who brought suit against the company were totally derelict in their duty.

Your reply failed to address the issue I presented in my post. What does that information mean to you?

My concern was in regards to the Liquidation Trustee having sole discretion to declare a distribution to existing equity holders. It seems to me that Humanigen management shares that concern, and their objection still appears to be on tomorrow's docket. I think they intend to safeguard claims of equity interest accounts, not only on shareholders' behalf, but on Humanigen's behalf, as well, since I think they control ~90% of our Outstanding Shares.

https://document.epiq11.com/document/getdocumentbycode?docId=4343828&projectCode=HUM&source=DM

FDA approves Merck pneumococcal disease vaccine designed for adults https://www.cnbc.com/2024/06/17/fda-approves-merck-pneumococcal-disease-vaccine-designed-for-adults.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

to defend yourself against fake creditor claims would cost additional legal fees and that is itself a legal harassment with false accusations with false claims. In many countries making false charges or lawsuits is illegal. it's considered legal harassment. Trump trial is common political persecution with fake charges and fake blown charges for political gains. the charges or claims of crime or harm by complainant is obviously unreasonable and bogus. and penalty doesn't meet the punishment or fine doesn't justify the CRIME or monetary, or harm the complainant received. that is the symbolism of the lady wearing blind around here eyes and weighs the harm and punishment to carry out justice, an eye for an eye. or the PUNISHMENT must equal the HARM done. or using the balance scale of justice. your weigh the harm or real harm and give a sentence. that is 'reasonable' and 'fair' without biases or prejudice. or the law is blind

in most cases, it's much easier to just declare chapter 11 or bankruptcy for man companies or individuals than object to fake creditor claims.
in bankruptcy, some people just sell all their assets before declaring bankruptcy or transfer all assets to another country then go to court to dispute fake claims like 100 million dollar fine for 'defamation' in social media CRIME. the judge who gave the $100 million fine knows the fine was just a token that the accused is guilty and complainant won't get a dime of her 'complaint' that she was wronged or harm in CIVIL COURT and get this clown case out of he court and stop wasting the gov't and judge time is this bogus trial.