Ares is a famous fund, they sold all their PXS holding into the FDA announcement with a loss!
Our largest shareholder BVF is a San Francisco based fund, very successful too, their investment in PXS only 25% left and stuck in it.
PXS is a wealth killer, not just to retail investors, but those funds too.
Hope KP can make a difference this time.
Ann: Becoming a substantial holder, page-4
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