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You're going to get diluted to zero.
Sullivan...
I've stated on several (as in more than 20) times that I really want to get back in here because I think the pipeline is innovative and shows promise. I also said that I'd be back in here if they came up with funding to get them through the end of 2010 based upon a burn rate of 2MM/month.
Absolutely.
I pumped on facts...
...I sold on facts...I'm not buying another share based upon those facts.
As far as your prediction, it doesn't look to be headed in that direction since early February.
Wake up.
Sure, that's a fair question...
...the answer is simple and has 2 parts. The first part is, I don't want people to lose money to pumpers who don't state the facts and twist and turn PR's into something that's positive. Take CLL treatment DENIAL and having zero money to continue operations. Yet somehow, these individuals are able to sucker in the newbies and take all their money, never to be heard from again. Look around you.
The second part is personal. I've taken several personal shots for taking my position and I don't take kindly to it. Therefore, whenever pumpers pump their sunshine based on lies and deceit, I'll rebut with facts.
This stock will continue to spiral downward. There's nothing on the horizon until the end of December 2010, if they can make it that far.
This is a perfect example...
...of someone not knowing what they're investing in and just following the sheep off a cliff. The NDA for the Agenda Trial (if it even produces results that warrant submission) won't even be ruled on until the end of 2010. The company doesn't have enough money to get to that point without massive dilution of the pps...and maybe not even then.
Good idea.
You shouldn't care what I sold at...
...what you should care about is whether or not this company can make it through the 2nd quarter of 2009...much less the end of 2010 when you'd expect to hear back from the FDA on any kind of application for Genta.
Dead cat got the newbies...and the profit takers are no where to be found.
It feels like...
...the bottom is about to fall out here guys.
Sure is...
...there are so many good plays out there right now. Having your money pent up in this stock that's going no where until the end of December 2010 (if they can even come up with money to get there) is really missing the boat.
Oh yeah? How so?
I told you when to buy and hopefully you did and made money.
I told you when to sell 2 days prior to this stock plummeting over 33%.
I told you it would dead cat bounce, which it has.
Now I'm telling you it's going to continue to fall without a PR from the company clearly outlining its financial situation.
I think my credibility is pretty damn good, if you're an objective investor.
Let me explain something to you...
...I don't care how low this stock goes. It could go all the way to .002 and I wouldn't buy it. Not without an email from the company on their financial plans and how they intend to get through 2010 without going out of business.
I predict this closes...
...in the mid 5's. There's nothing to keep this stock running. No non-dilutive financing news from the company leaves current and potential investors worried. It will continue to fall from its dead cat bounce that followed the denial of the CLL application.
If they get busted....
...do I get my money back? Ha!
Honestly I have no idea...
...and I don't even care. I only pop in on this message board out of pity for my investment here about once per week. I've completely written this off as a loss in my portfolio and have zero concern if it goes to zero.
I didn't even realize there was a fake email that was floating around, but let me state this: If the individual who drafted that email is in charge of any one component of ASFX as a business operation, well, my investment (which has lost 80% of its initial cost basis value) is in even worse hands than I had originally thought! *laughing* That was drafted by a moron.
LOL
This is the funniest email I've ever seen and obviously it's fake. No business person worth their salt writes like a 5th grader.
What ever happened...
...to that trade show they were talking about doing in January of this year? I mean, did that ever happen? What about getting into bigger national chains....did that ever happen? Seriously, here's what happened.
Tradernation and the rest of his pumping cronies started pumping this stocks brains out, coming up with all kinds of BS about attending shareholders meetings, uplisting, and any other kind of crap they could throw out there to get people to buy. Then at the stocks pinnacle, he sold off and left bagholders here wondering what happened. Go look back at all those who were involved when this stock started moving into higher levels, they're all gone now.
My advice: Stay away from any stock where Tradernation is involved and ANYONE ELSE that you notice tailing him around to different securities.
Rats run in packs.
It's been there all day long...
...and the stock went down.
Another week, nothing....
....seriously, this is becoming almost laughable. No, it is laughable. I mean, do you ever look at the news ticker at ASFX and say "Holy @^@#^ *laugh*...I can't believe how long it's been since we got a solid PR from the company...holy @#^# *laugh...I am so in the hole on this stock and there are no signs of life whatsoever, this is comedy!!"
LOL
I'm not even mad, this is hilarious.
Well, thanks Rev...
...I think a lot of people are also on the sidelines waiting for the same thing. We're all hoping the company can pull it out.
If a PR comes out...
...that states Genta has received financing that will allow the company to finish the Agenda Clinical Trial, end to end, as well as continue Tesetaxel exploration, with no dilution...my money will certainly be back in this security.
Dillution hasn't happened yet.
If things don't pan out...
...for Genta, 4 billion shares isn't going to come even close to covering 23 million dollars. The shares will be worth zero dollars and the money will be lost.
You need to re-read.
Maybe a shareholder could ask the question then.
Why would they do that,
...when the pr released yesterday was about as difficult to understand as it gets, yet still communicated their plans (very poorly)? This way, certain folks can spin it into something positive to those who don't understand what it is they're reading.
If Genta came out and explained their latest 8k in layman's terms, people would run for the hills. It's dilution and it's coming.
Now watch this post get deleted.
At what price to the shareholder?
Between...
.0086 and .0085, mostly at .0086.
I moved all the money from the original investment and the profits into BAC @ 3.25, which was a nice trade. Genta went down and they are about to dilute, BAC is trading at 6.30 in the pre-market this morning.
You're all over it.
This is dilution of pps to stay in business. It may not happen this morning, but they're flat out telling you it's going to happen soon.
This wasn't good news, and quite honestly, I'm disappointed because I DO want to get back in here. I was hoping for a pr on non-dilutive financing in order to get another position. Didn't happen.
The market may not re-price immediately...
...but the shareholders will.
Knew what?
To be honest...
...I'm not good at reading these damn old english things either, but from what I can gather, I think you're pretty close.
This wasn't exactly what I was looking for.
BAC's earnings will be 1.5 times more than 1st Quarter 2008.
Wrong...
...the stock is moving up because there are shrewd traders out there that know they can flip the life out of this stock and there are newbies out there who really think they're getting a good deal and haven't done their research properly.
The shrewd are eating the weak.
Then I'll buy a little higher or wish you the best...
...but I'm not throwing my money into a company that's flat out telling you it is about to close up the doors in a PR that came just 3 days ago in the S-1A.
Yes, that is your business...
...I just want to clarify the only reason this stock is moving up.
I wouldn't be stating that the "company will survive" so confidently. As early as March 9th, they told you they were out of money with no additional financing plans in place.
Does it not seem reckless...
...to invest in, not that a drug will be approved, but hoping that the company will be able to even be around in a few weeks?
I'll be honest, JRMdesign...
...I don't care how low or high the price gets at this point. Neither factor will dictate whether I get into the stock.
The only think that will get me in is a PR that shows they have obtained financing, and a lot of it.
I'd buy back in immediately...
...if we got a PR on on financing that would allow us to get the Agenda Trial through December of 2010 easily. That's a 2 million per month burn rate for 42 months...that's about 44 million dollars. Something like that would get my attention very quickly.
I've always said, I think the drugs are great and it's unfortunate the company has no money and no financial plans or ability to bring them to market.
In my opinion...
...the only reason this stock price is moving upwards is because:
1) New investors don't understand the financial situation of the company and they're just jumping on board
2) Speculation that the company will even be around in the next 30 days
The last time this stock moved upwards, it was on speculation that drugs would be approved. Now it's moving up because people are hoping that it can stay alive by the end of March...much less complete any kind of trial.
If it gives people a warm and fuzzy feeling to put their dollars into speculation on whether or not a company can keep the lights on, knock yourself out.
When a certain individuals continually use words like AMAZING!!!! INCREDIBLE!!!! WE'LL BE RICH!! OMG!!! You need to realize that they are trying to take you for all you're worth. That's #1.
Now the company is completely out of money with no investors in sight, as per their presentation at the 2009 conference and their S-1. Why some people continue to say the opposite from what the company is telling you POINT BLANK is beyond me. I guess some people are really big dreamers.
Slide on financials from the END OF QUARTER 3 2008 (6 months ago...they're really broke). You'll also notice that this company conveniently removed this slide from their corporate presentation deck on their website.
FROM THE S-1 that was released a few days ago after Genasense denial from the FDA.
Our business will suffer if we fail to obtain timely funding.
Our operations to date have required significant cash expenditures. Prior to completion of this offering, we have less than two months operating cash remaining. Our future capital requirements will depend on the results of our research and development activities, preclinical studies and clinical trials, competitive and technological advances, and regulatory activities of the FDA and other regulatory authorities. In order to commercialize our products, seek new product candidates and continue our research and development programs, we will need to raise significant additional funds irrespective of market conditions.
If we are unable to raise additional funds, we will need to do one or more of the following:
• delay, scale back or eliminate some or all of our research and product development programs;
• license third parties to develop and commercialize products or technologies that we would otherwise seek to develop and commercialize ourselves;
• attempt to sell our company;
• cease operations; or
• declare bankruptcy.
Presently, with no further financing, we will run out of funds in the first quarter of 2009. We currently do not have any additional financing in place. If we are unable to raise additional financing, we could be required to reduce our spending plans, reduce our workforce, license to others products or technologies we would otherwise seek to commercialize ourselves and sell certain assets. There can be no assurance that we can obtain financing, if at all, on terms acceptable to us.
I mean, they're screaming at investors, WE DON'T HAVE ANY MONEY! Yet some people continue to buy into the hype. Don't believe the hype. You're going to lose it all without additional funding.
You're welcome.
I'm glad you can see the information as important. They are the facts. The company is out of money last month and has no future financing in place.
That spells bad things for hopeful (and uneducated) investors.