Maurizio sent a message to Garo H. Armen Co-Founder, Chairman, and CEO, Agenus Inc. that said:
Dear Mr. Garo
I'm invested in Agenus since long time and I fully trust in the company, it's pipeline and it's technology, but I also disagree on how the company is supporting us, the investors. With such pipeline and technology, with more than $200MM in cash, which represents almost 50% of company current market capital, how come the PPS has dropped almost 50% in the last couple of months?
To be honest, I'm completely upset and dissappointed with such performance and kindly request you to take the necessary actions to provide the investors with the proper profits.
Thanks a lot
