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Yes I agree now it's more greed but it should not be on shareholders back. We are there for support not for a raping of an investment that should grow when a company grows. All these games, tricks and tatics aren't benifiting anyone including the PPL who truly need a cure. Without the shareholders genta would not have a company. Treat the shareholders right and your company and product will benifit also win win situation if genta didn't see greed first. Profits can come later and everyone will be happy.
Genta forgot on the way that if they managed the company right their drug would have not have to gone through how many trials and how many rejections to get to this point. It is why INMHO the reverse split is not in the best intrest of anyone and PPL should understand that when looking at genta. A company may do what they have to survive but this is not the way because sooner or later it will back fire on them. I am most interested at the point genta is insider more owned than institutional which gives me a hint that not enough real big investors are interested in what genta has to offer that.
Genta now has to put up or shut up. I just came home and was not surprised to see genta down again and bleeding again. Though this week and last has been a tough market all the way around. Genta needs to pick up and run soon as we are close to proxy and the fear and panic is going to get closer once the date draws near. I am hoping for once genta do the right thing for the company and the shareholders but highly doubtful with their history. So next I say I prefer them to default or BK then at least the drug might go to a Pharma tech company that will follow through with the drug and investors can have a chance if that happens. Certainly genta can't seem to get it right then let someone else do the job for them. Ray is too greedy for that what a shame.
Companies like this one who have dug themselves too deep in toxic financing will use the shareholders for their gain and their own purpose and bleed the investors of money to support themselves. It has been done already to shareholders by genta no matter what news comes out for them. Looking into genta's past history this is common. A good company would make a shareholders investment better with growth and revenues and in future sometimes give divdends and future buy back of shares to reduce their debt. Sacrfices are made by companies not having the shareholders shoulder all the burden. Some burden in the short term but not like this. It is the drug everyone has pinned their hopes onto because it sure isn't the way the company is run. Even then this will not help them if the company doesn't do something to fix their share structures as shareholders could at least see their investment is working for them not the other way around. Genta making shareholders money work for themselves.
Today stock markets are getting killed. Still have to have annoucment from Obama today hopefully will lift the stock market up a bit. A lot of stock in the red I have over 110 stocks on my list and it isn't looking healthy with all the recent not so good news considering the American green back on the rise again. There is no indicators on the stock market that the recent rallies will hold PPl taking profits right left and center on uncertainty of the stocks. In the recent trading stocks have been trading flat or downward and the ones who have gains are barely holding on to them. I am not surprised on genta's volume they MM's played so many games with PPl's money they are sick of it. I expected this stock to some what make a bit of a break before the proxy vote but so far that is not happening. One would think at least rise your stock before such a vote so it doesn't sink as fast or at least give it a chance to rise to a certain price or lose intrests from the investors. It better hit the ground running soon because rumours and speculation may not work for it anymore until they see real news and PR's.
Salt life yes bull boards are deadly forms of information when investing. PPl do your own reasearch and homework and judge for themselves. Genta is on shaky ground though and if you dig further into Genta and their past it can make some PPL yes very doubtful. Genta has not exactly proved either the never ending speculation and rumours. They have only slapped shareholders with the worst possible thing a company can do besides dilution. PPL are leery and indecisive about this stock right now and for the most part PPL have day traded and swing traded this stock taking profits where they can which is fine. Others hold long hoping genta would do right by the shareholders and the rest waiting on the sidelines to see if the R/S occurs. PPl will have to decide and judge for themselves what is right for their investments.
That is their first mistake it can be contested against by shareholders for fudicary responsibilty as they rigged this to their benifit. They would be in direct conflict with the share holders. We know what is coming they will do what it takes to get those R/S votes to their way. The SEC gets involved when complaints of such nature is placed because they can look over everything on the stock including if the stock has been manipulated in any way. As I said then the shareholders can file a lawsuit against them as it has already been done because of such tactics. This is just one of their cases and there are others against them just look at it on the SEC or google Genta Lawsuit and it will bring it all up on what they have done.
Genta Accused of Concealing Failed Biopharmaceutical Tests
Several class actions have been filed against biopharmaceutical company Genta, Inc. (Nasdaq:GNTA) and certain of its officers and directors by stockholders who purchased the company's common stock between March 26, 2001, and May 3, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.
The action alleges that during the class period, the defendants artificially inflated the price of Genta stock by concealing critical material information regarding the details of both the safety and efficacy of their lead product, Genasense, an antisense oligonucleotide molecule designed to block the production of a protein known as "Bcl-2." The company claimed that increased expression of Bcl-2 appears to function as an important cause of the inherent resistance of cancer cells to chemotherapy.
The action alleges that the following facts were fraudulently concealed from the investing public: (1) that the company's Genasense study failed to show a survival benefit from the combination of Genasense plus dacarbazine using an unadjusted log rank analysis of survival time for the intention-to-treat population; (2) that as a result of missing data and the questionable manner in which the defendants arrived at their analysis of the secondary endpoints, they were required to perform a different procedure to account for the missing data; (3) that as a result of these analyses and further simulations conducted by FDA reviewers, it was clear that the defendants' study was biased and fundamentally flawed; (4) that since most patients were asymptomatic at study entry and were EGOC performance status zero, it was difficult to assess whether patients achieved any symptom benefit from combination therapy over single-agent therapy; (5) that the addition of Genasense correlated with serious and alarming toxicity to patients during the study, and that toxicity increases were likely due to the addition of Genasense; (6) that at the May 3, 2004, meeting of the Oncologic Drugs Advisory Committee, the FDA would provide an accurate and transparent report of the concealed facts already described; and (7) that FDA regulations require "substantial evidence of efficacy" for any NDA and that no such finding could be made for Genasense since survival was not improved and toxicity was increased over the existing therapy.
The release of the FDA briefing materials on April 30, 2004, detailing the defendants' concealment, followed by a recommendation to reject Genasense for malignant melanoma by an advisory panel caused Genta stock to drop as low as $5.11 from its class period high of $18.25, on volume of 48 million shares over two consecutive trading days.
Have not would cost me a fortune since I don't have my US phone plan anymore. I just know no CFO would divulge such information to any small time investor he would get his nuts cut off by Ray LOL. So many rumours going around and genta just thrives on it right now as that is about the only thing keeping his stock alive until he drops the bombshell. The man is making so many mistakes when so close to getting the drug approved. He should stick to being a doctor and hire management to do the rest. It is probably better for this company at this stage to default and go BK at least the drug will fall into a better Pharma company to make a run for the drug to approval.
Hypothecially if a drug partnership was in place any smart partner would take a bigger chunk of the pie in the investment of the company. Why because of genta's shaky grounds. Ray is not willing to do that otherwise it would have happened by now and shareholders not facing a reverse split. Ray would rather bleed the shareholders instead to get his toxic financing.
Yup it rather shows in today's trading. If Ray was trying to rig votes that is a bad sign the changing of dates makes that a possible scence he is otherwise this reverse split garbage would have been done and over with. I would not be surprised if shareholders file a complaint against him if they get together and file a lawsuit against his tactics he will lose. He has done this stunt before in the past and I don't think shareholders aren't stupid enough to fall for it again him and his same old tactics and tricks to make the shareholders pay for his greed.
Things like partnership always takes time to have the ink dried on the paper if genta was going to partnership. CFO would not normally give any type of information like that to any shareholder unless you are on the board. I do not believe they have been truthful. Some sort of indicator PR would have been released some closer to the date of partnership some because earlier on to as to make the stock jump forward when a partnership happens. I do not think partnership is in order only because genta would not announce a needed reverse split. The company itself is on shaky ground financially. INMHO CFO is acting like a boiler room which is down right stupid tactics. It is exactly that scare tactics and genta I think already know they lost on the reverse split and arent' getting it because of such tactics. File a complaint with the SEC nutriman if you don't agree what they did. Makes it all the better when shareholders will sue genta again for such tactics as it is they have to have fudicary responsibilty to shareholders.
I agree with you. The only thing right now that will boost genta is if they turn down the reverse split period. No way Ray whatever hes says is going to counter such a split. You'll see genta take off when the reverse split is off the table like it did when it was canceled the first time around.
Think about it chareley. Genta wants to see what they can get away with by doing the R/S. If they would buyback which would have been a better solution to their problem and the dilution problem at least easing it. They would have announced that first instead of allowing all these games. The price would not be where it is if that was the case. Depending on how many shares they would buy back.Sometimes companies will promise something and never do it and just do the minium to appease the shareholder and the shareholder holds on thinking something was done. Genta is hoping PPL only focus on the drug and nothing else. The saddest thing there is a chance the drug will work and they are using it to further there greed on other shareholders. Here is an article PPL should read.
Penny Stock Company Actions
What is a 'Reverse Split'?
-A 'Reverse Split' (or R/S, RS) is a method by which a company reduces the number of shares on the market and increases the stock price proportionally. Reverse splits are done at a specific ratio: ie - 10 for 1, or 10:1. This ratio would mean that if a shareholder held 1000 shares at 1 cent, after the reverse split the shareholder would be left with 100 shares at 10 cents each. The value of the position does not change from the reverse split... at least not directly from it.
Companies usually do a reverse split to increase the price of the stock to more attractive levels, or to remain at a minimum price for a particular exchange. While not necessarily a bad thing, a R/S is a popular method that bad penny stock companies use to continue raising capital through dilution. 'Dilution', if done enough, will eventually leave a stock virtually worthless. The price may go as low as .0001 dollars, the minimum that stocks are tradable by common investors. At this point the company can no longer effectively raise capital by selling more shares.
By performing an R/S, the number of shares on the market decrease, and the price increases back to a "dilutable" level. The dilution starts again, and the cycle can continue over and over. Because of this, a black cloud is associated with the R/S. They normally result in a large selloff by remaining shareholders, causing the price to plummet, and the shareholder value to follow suit.
A reverse split is very rarely an opportunity for a safe investment, and certainly not a wise choice for a beginner in penny stocks. To protect yourself from purchasing the stock of a company with a history of abusive reverse splits, check out this iHub board and scan through the list.
What is a 'Buyback'?
-A stock 'buyback' is the act of purchasing shares from the open market by the company. These shares were once issued in the initial formation of the public company, and/or as a means of raising capital. To increase share value and entice investors to purchase and hold a position, the company can buy back shares. This is essentially the reverse of dilution, and has a very positive effect on the stock. While a rather rare occurrence, successful companies that value their shareholders have been known to roll profits into a buyback program.
Penny stock investors must, however, be wary of scams that promise a stock buyback, while in reality the company uses the "good news" to sell shares. Often times, the press release will state that the company plans to buy back "up to" a certain amount of shares. "Up to" could mean the company is only going to buy one single share! While the hype of a stock buyback on a scam stock could provide ample opportunity for a profitable trade, long term investment in this case is not a good idea. Again, if the company is promising things that seem too good to be true, beware.
To stay safe playing buybacks, only invest in companies that are fully reporting (ie: OTCBB stocks or better), show a solid and viable business model, and profits on their financial reports. Otherwise, the company most likely has no means at all of affording a stock buyback.
I know they know the game just by doing reverse split before. It is the same game of recycle, reuse, renew. It is always the same story decrease by R/S increase with dilution. That is always why they say a reverse split is the worst for any company and a stock does not recover because of it. Genta has cried wolf so many times already on the backs of shareholders of what I have read and few times shareholders have called them out by suing them in court. It is better to let them default and show their hands. Did they think they can pull the wools over shareholders with these tactics when it is easy to search their stories over the net.
LOL Gary sounds similar to what they are saying now HMM makes you wonder eh.
Sorry nutriman only my view. Any dilution does not ease the PPS as in turn investors begin to release their hands of positions and shares forcing a sell to the fall of the PPS. As you can see the PPS fell no matter how much buying pressure was put on the MM"s because they hold so many shares they refused to budge the PPS to rise above the .01 cent line and they allowed the bid on the one cent line only to change it right away when someone sold. Manipulation is manipulation shaking shares to dump back on the market keeps the PPS from rising unless everything is a buy not a sell. However for every buy there could be more sells that will weigh the PPS down. If you account for the last two days the massive volume the PPS should not be where it is only because dilution is the key factor of this stock is why the PPS does not move with the volume.
If you account the last few weeks when the MM"s bled this stock slowly down and it only rised above once out of those weeks on weak volume up a very small percentage compared to yesterday's volume the buying outweighed the selling and MM"s couldn't shake shares from investors. Supply and demand the more PPL buy and out weigh the sell factor then the less that PPS would drop and move forward. In genta's case not the issue as it is massively diluted and forces so many buys to even raise the price versus so many sells to bring that PPS down which sells doesn't take much for it to drop.
Those same MM's come back the very next day for another round they don't neccesarily drop off until genta pays all that is due will they continue the games of dilution. It is sad to see really the volume being the way it is and the price being low comparing the volume accumalated. In a way all this is doing is pissing shareholders off and the MM's thrive on it. The higher the volume the more the MM"s profit the lower the PPS the shorters profit.
Totally agree gary all or nothing at this point for genta. There is really a funny post on google someone playing a prank joke in my opinion the CEO himself posted there telling PPL not to sell. Now that I find highly doubtful that this was actually the CEO for genta.
Dilution from the MM's again. The trading volume in two days just massive but little movement on the PPS. They tried again I see to move it above .01 cent line a little too late to do that considering the sell off on power hour and some buys at the end. They always do this watching the trading every chance they can move the PPS they don't well all I can say if they don't start rising it soon into a better trading range that PPS is going to fall. So much buying pressure and the PPS in in the hole.
It is husband's investment account with RBC he didn't get anything through his regular email either. Still nothing only a piece of mail through his investment account that we tried opening for weeks now. It keeps telling us it is temporary unavailable every time we try to open it and then some days it's there and other days it disappeared. I would vote if I could I may not hold as many shares as others but the vote of 200,000 shares of NO WAY on the R/S is the way I am voting also.
Me too still have nothing on the proxy vote. Mind you I have a message in my RBC account but they won't allow me to see the message been trying for weeks and it keeps saying it is down.
Thank-you syscat for voting before leaving on NO. I have seen other stocks do this and it comes out the same stock rises and then plummets worse and then more toxic financing after the R/S and then more dilution more added shares to the float same patteren with small companies who continue to need toxic financing to support their company untiil something breaks. I still hold shares and probably will also get out before R/S until Genta can get their act together. Right now PPl indecisive and hoping that Genta will do what CTIC did and taking the risk, but genta's situation is entirely different until Ray decides that giving something to gain something this stock will be controlled by the MM's manipulation or the drug is approved. This stock is still trying to recover and still not being able to do it.
Thank-you Scuba I know what reverse splits they have done just making a point as to them doing it did no good for their stock and it is still trying to recover from it and they did it years ago when their stock was on the NASDAQ. Then again they try it and the stock plummet further. So anyone thinking of voting yes on the proxy will get an idea of what a reverse split will do to the stock. Thank-you for posting the link though it would give PPL something to chew about before voting.
I too agree with you David. Reverse split has and always will be a death of a stock and recovery of that stock makes it near to impossible with what genta's financing is which is already toxic. Genta is a fine example of reverse split if anyone has checked it's reverse split history. Now does anyone really think at this stage or this time any reverse split is good for Genta just by looking at the stock where it is now and where it was once before after genta did reverse split. Obviously that tells any stockholder where genta can take their reverse split and it shouldn't be on shareholders back.INMHO
LOL navy too cute.;) Yes please make it a stinky fart for them.
Though Underworld it was very good post Ryan is correct PPL are on stock markets to make money. If a drug happens to come along and make a life saving drug bonus for the PPl who need it. Even if genta went the BK route hypothetically the drugh itself would be passed on to a preceding Pharma company who ever buys the assets from the CD holders. It is your decision as to what you wanted to vote. I in my opinion would have not changed my mind and the vote of no out weighs anything genta has to say because reading on genta's history tells me a lot of how they run their business and using the threat of BK was one of their tactics to reduce their stock to their own needs and their own greed. They will do what they have to get through the clinical trials even if it means to sacrafice the stock and the shareholders at their expense. They have claimed BK in several financing stints and seemed to get their way I think it is time they either put up or shut up as to what is really going on.
The share structure of this stock has to be fixed and by doing a reverse split will not help it. I will not tell anyone how to vote it is there right to choose but be real careful and study everything about genta and their history before consdidering to vote no or yes on the reverse split and take a good look at the stock's history will tell all.
Fundamentally the drug is what will save this stock INMHO. This is genta's last chance to prove that this drug works. However no matter how many sciencetist says it works it is up to the EMA and the FDA to pass it under what genta provides them. I have read up on genta that they have not fully complied many times for data and was rejected on those grounds and that the drug has side affects past what a drug should have in clinical trials. It does work technically by reading some of the medical lines of it. Genta and their lack of financing skills and managment skills have reduced this stock from a higher glory at one point.
I understand why investors are leery of genta because of the failures and the financial situation. That can all change by Genesense alone. Investors alike are now treating genta just more of a day trade and swing trade because of the risk. That I totally understand and with up coming news of reverse split and constant manipulation of stock and dilution from the MM's doesn't help the situation. So far watching the stock it has done a tremedous amount of volume for awhile now yet the stock is not where it should be because of dilution. PPl wonder why such a tremedous volume today and why? Genta won't let anyone know the real intention until it is time while in that time their stock genrates money.
The stock is going to rise before the reverse split I see that as certain as the stock has been bleed down for dilution the last few weeks but never hit bottom. Like I said before the reverse split occurs the MM's have to let this one up a bit because to let genta off the ground running if it does not it will do damage even before the R/S occurs to plummet the stock. However be sure when the R/S occurs this stock will rise temporarily and the MM will take it again when a the price hits for so many days and down will come down the PPS. Then the dilution once again will occur for the second half of the notes. It is up to genta to come up with something then if they do not and need more financing there will be a death spiral as R/S have a tendacny of doing to stocks once a R/S has been done with genta's already added toxic financing.
I hope that their next quater results will show improvement or that Europeans approve this drug first before the fall or before the next filing otherwise I see problems for Genta. Something whether it be partnership or buyout for Genta or this stock will plummet to previous levels or worst.
It was unusal high volume today higher than it touched when it hit slighly over 100 million a few weeks ago. Bio I do not totally disagree with you that MM are manipulating it but for some reason it is up and that is better than down. I know they have to get this stock up before reverse split vote to give it a chance to hit a certain price. Most likely it will spike until then. It is bad of Ray or Gary to say such things if they know the stock is being manipulated or naked shorted it is their responsibility to the share holders to report that to the SEC if they know it is going on with stock.
Today's Financial News - Posted June 15, 2009
TFN eNews reader Dwayne remains bullish on Genta Inc. (OTC:GNTA), Sinobiopharma (OTC:SNBP) and Heathrow Nat. Food (PINK:HRNF).
by Laura Cadden, TodaysFinancialNews.com
Baltimore (TFN): TFN reader and Grapevine contributor Dwayne has checked back in today with a quick bullish update on a few of his past picks.
Now for the disclaimer: These Grapevine picks are not recommendations by TFN staff but by subscribers. Recognizing that most of our readers are savvy investors who may uncover opportunities that we might miss, we’ve decided to pass their tips along. Remember, as these are not official TFN picks, you must be sure to do your own research. And once you do, we’d love to get your opinion. Just add a comment below this article.
Here’s what Dwayne (our Grapevine Yoda) had to say…
Genta Incorporated (OTC:GNTA): I see another rise from GNTA on more promising news. Keep a watch. Always research and see what I see.
Sinobiopharma (OTC:SNBP) : SNBP is down with great news and product meaning a possible good low. As you know, timing and attention are important in this market.
Heathrow Nat. Food (PINK:HRNF): I see a strong rise later this year with HRNF. Really good news as it grows — could be a “wow” if all goes as the company plans. Good potential. I see also the volume has been climbing.
He promises additional updates and reminds us, “Research and attention bring good timing.” Many thanks as always, Dwayne!
You’re welcome to submit your favorite stock tip to us at memberservices [at] todaysfinancialnews [dot] com. Just one request: If you choose to contact us with a bit of grapevine… make sure you’re not too cryptic!
Released on google two hours ago. This might answer your question. Looks like gnta going to make a run for it again hopefully it will not drop like ususal and stay green for awhile.
Bad day on the market period I see read across my streamer board biotech stocks, energy, mining metals, oil and gas and the list goes on everything ...LOL
Because it is closer to the proxy vote and the MM's were diluting as much as they could the last few weeks but just bleed it until the proxy vote so the price can increase if the MMs had dropped it so much before the vote there was no way genta would have hit the ground running if the price continued to bleed and drop. Simple you will spikes now until the proxy vote and if we are lucky by the time the R/S split occurs it will be at least .05 cents and then comes the bombshell.
Anaylst in my opinion are just like you and I just guessing on performances from day to day of a stock. They really do not know anymore than we do when watching stocks and judging if it is a good stock or bad stock. Stocks financing and circumstances change from year to year and some improve and some get worse. I think it depends how that company is being managed and what they can offer as an investment. Sure you can get specs and anyalst to say a thing about a company as in reality most regular PPl can do the same thing. Ryan I too am my own brokerage I still have to pay a small commission to my RBC investment to do the transaction but if I let them do all the work I would not make as much on my stocks just doing it myself. Stocks are ever changing by market trends or market news and yes a lot of times an anyalst will say something and PPl think it is gospel when it is not when you really think about it how much of the time are they even correct on a stock. PPl should do their own reasearch and judge for themselves the internet holds so much information to help you judge that stock yourself. Companies are different from one another and companies have to be compared apples to apples from what the drug they have and what shape they are in financially.
I admit that genta may not be able to be compared to DNDN it is unfair to compare the two as the specs on both companies aren't appled compared as competitors. Market formula is only a base to judge upon that company and just gives an idea of what the stock price may be but ever changing circumstances and generated revenues causes market cap to differ from formula to formula. Genta has a good chance for market approval yes but even then they need to really get their finances together to get there. Even if approved it does take time to market the drug itself after the approval to be released to the public. I hope genta just doesn't screw it up before they get there because if indeed of what I read the drug can and will be useful to so many. With all the political strings on manufacturing and improving life saving drugs to fast track makes it difficult when coming to biotech drugs. If genta gets approved first in Euro it will take some time for it to make drug approval in the US. You gotta like them Europeans they think do it first and we know we will profit later.
I don't disagree entirely with firmick but I don't agree with all he says and Ryan same thing you both make decent points to chew on.
I would rather see them default then a R/S I do not believe they will go BK like they say as they have been saying that so many times if we don't get financing but they seem to get it. The shares are so diluted and with the upcoming R/S would only dilute it further anyway no reason to do a R/S unless you are planning to dilute some more after the fact. They could have taken the one time deal of 12 million but they did not and finish all conversions of this in one shot but they had other plans in mind. If they default they would have to come up with some other financing. Better default then try and string the shareholders for more.
Yes Navy do love your graphics they are so cute:)
Doesn't work that way smitter. The R/S ratio whatever it may be will kill the PPS down because they will have to dilute it to satisfy the CD holders for the other half not up to including whatever is left from the 2009 notes. The PPS will go up for a brief time and then crash fast because when the PPS goes up the note holders can cash out a certain price and if they do it at the same time you can guess what it will do to the PPS never mind the MM's jerking the ask and bid around to profit on the volume.
That is why a reverse split is never a good idea. It may raise the PPS and decrease shares only to have those shares put back again and the PPS comes crashing down again to worse then genta was before, in the millions to have more dilution if they cannot make due with their financing until approval. A huge split like they want to can allow them to dilute full maxium after the R/S because they decreased the shares by doing so just in case more financing is needed. Genta has done R/S a few times already and know the game why do you think their share float is so big since they used to have a smaller float when they were in the 18.00 range once upon a time.
I am going to sell my shares before the R/S and watch Genta on the sidelines before the fall and maybe get in afterwards with a better price. Good PR isn't helping genta as you can see the MM's have been bleeding fantically for the week and now they are taking a bigger bite of it the last few days. Right now I see the MM's puroposely panic selling the stock into a lower position when they were trying to keep it stable for awhile there in the .01 range. At EOD I noticed they tried to put it back up but it was obviously too late at the bid at .0090 they should have been doing that through out the day but they choose to keep the PPS to the ground and they opened it also in the red first thing in the morning when most days it stayed green open and then landed down in the afternoon with the buys of late that PPS would not budge anything but down.
Golfer be real careful though they said they need the split the way he explained it to you is not how a R/S will work especially with stocks like Genta who is already fully diluted and continues to dilute even when that financing comes through they will do just the same for the other half of the financing. Do not be fooled into thinking the R/S split will do very much for the stock as it sits now and the way the MM are bleeding it, a reverse split will not stablize this PPS but will be more volitile in the end. Since genta could not work with the last 6 million until approval how long do you think the other half is going to last them and when they need financing again before approval this will the dilution will start over again until they have bleed it down and it is a big if too if they do not approve Genesense there will be problems. It is your vote and can decide whatever way you would like to choose but this guy Gary is not going to talk to you about what a R/S will do to harm the stock as it is his job to talk to you into doing a yes without even mentioning what ratio it may be. Most likely full maxium ratio. Genta should have been forth right with what ratio instead of beating around the bush and bombing the shareholders after the fact after the vote.
With genta's failures in the past and their horrible financing investors are leery of genta. They might have a great pipeline but that is not what is making investors scared it is the way they are running things. I think that investors will only look genta's way now if the drug itself is approved and know investors will make fat when it does. It is a pity that they are close and running the stock to the ground and not taking back control of the stock to at least make it appealing to investors are to show they can handle it before the approval.
Wow I am surprised it dropped that fast they have been pumping for months now I would not be surprised the promoters who pumped it took their profits or day traders. Funny it was running high again this morning unreal. This is nuts the MM's bleeding gnta worst today. If we are lucky we might come out on a even keel this after noon. If they don't let up on genta before R/S it will plummet. Only about a week and a half away and it has sunk. But not as fast as SPGN.
Nothing John can over turn or compensate and R/S only buy back of shares would overturn that. I highly doubt that otherwise they would have done that instead of R/S or paid down their debt. The way genta is bleeding a slow slow downturn they release that R/S will defintely plummet this stock giving it no chance to hit the ground running if they don't raise it soon. With the massive dilution going on now including when they do the R/S genta would need a miracle like the drug is approved European or a buyout or someone has to partnership with them will counter at least the side effects of the R/S. Ray better do something soon or the stock will fall back to previous or worse.
I wish both of them will go away and let the bottom guys rise to the top. Those two hold and control this stock and it is just sick. Never mind the stock market should never allow this much power of the stocks to MM's that is just sick too.
Well we shall see MM's finally letting up but still a long way to go before end of day. It is back into green but for how long though? Geez looking at level 2 delayed on the OTCB information board and it is not looking good.
They are bleeding it again that PPS will not move now until EOD closing. They had every chance through out the day to move that PPS forward with the big blocks that was buying going on and they chose not to on purpose. Now they will bleed this down this is now the 7th trading day they do this. Genta better have something out soon otherwise PPL are going to bail out before R/S and this PPS will drop it isn't rising before proxy vote like it should. MM fully diluting this one out. I am tired of their games considering the massive buying and huge blocks no reason for this to be down like this.
market it slim that is about the only way they will give it to you because they know if you market it they will get profit. You will probably get it at a cent. What is the order of the price you have?
With all the huge blocks of shares going on the MM's won't budge they seem to wait for a few sells then bring it down is what I am noticing. It will probalby be an hour before they budge that PPS up and it is too bad with all the buying going on they are shaking shares down. Why beyond me considering this should be over .01 cent by now with the news recently but with the looming proxy vote it is indecisive on some PPl. Wish they would just get it over with or at least have the price raised higher before the proxy vote. I still have all my shares haven't sold yet just waiting for what genta is doing.