Agenus Inc (AGEN)

[H2R]

Thanks for the heads up,

I did not see it coming either.

https://seekingalpha.com/news/3302274-agenus-10-percent-planned-equity-offering

I'm wondering what their current cash position is. It used to be fairly strong.

Now, getting some funds before the PPS drops may still be a good move. One of the major problems with another Biotech I'm invested in, NWBO, is that they did not raise cash when their PPS was reasonable. The PPS dropped and they waited for it to get back up. It did not, they got severely attacked and the PPS has dwindled from a high over $12 to a current low of ... $0.16!

So I'd rather have a Company get funds when they can to execute their plans and be immune to short attacks when they don't have the funds. That's a terrible position to be in for a biotech in the clinical stage.

Not sure if this is the best timing by the way; But may not necessarily be terrible either.

Best of luck lakingsphan!