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That is what I have been also thinking.
By under the radar news I mean preliminary results.
Actually I believe they stated they would have the final results in at six months from two weeks ago. What I anticipate is some under the radar news coming out. If I was looking to partner this is what I would be waiting for. My opinion.
To all you so call professionals:
It does not matter to me what people say. Why? Because Genta is approaching around 1 billion in the hole. They are very close to an approval, I think I can wait a few months. Genasense if approved is a potential multi-billion dollar drug a year, from my estimates and comparisons. So I really do not care about the R/S or anything else.
I assume all that have a vested interest in Genta feel the same.
So why would someone spend so much time talking down a stock that they are not invested in? Probably cause they are shorting it and that is fine.
With that said stop bothering me with investment advice I do not need it.
THX
Frank69,
Genta Development Limited was formed by Genta for the purpose of getting European approval. If you do a google search it will show up.
This is just my opinion. I think it is a combination of behind the scene deals at the FDA. Hopefully this is finally getting cleaned up. And the fact that they are still a little confused on how specifically this thing works. This is what I took from my DD. Personally all investing aside, I think it is BS that this thing is running into so many road blocks when the numbers say it all. We have plenty of drugs in the system with a very fine line between toxic and therapeutic levels which are approved. Case in point the 1 hr. infusion study. Just my two cents.
I agree. I think this is why a possible partner move would not be bad for the company and shareholders. Note: Sashex's post too.
Excellent post sashex001.
That is true they are heavily focused on R/D at this point not sales.
The more and more DD I do though brings me to the conclusion that Genasense is very close to possible approval. I can't wait to check out the Agenda results.
Side note: Genta is a snore today so I was checking out ETFC what a strong move today. Sorry I missed out.
Forgot about that, just don't know on that considering low sales last year.
True.
Could also be:
Partnership
Leak on current status of results in Agenda
Closing the doors
All a bunch of speculation in here.
Number one I do not see some shady deals going on. All investors have to do is read the filings. If you accept the risk good. Second, I would never take advice from anyone minus family on my investments.
All your posts make no sense with no facts to back them up.
And where are you getting this information?
Just a reminder there is a split side to that also. Waiting for .002 could cause you to be left behind. But your point is valid, you could also be jumping on the titanic down to .002 Its all up to the investor himself.
LOL. Confusion is an understatement. Don't give yourself so much credit.
I have read the filings. I am very comfortable in my position, just like I was in my position in CTIC and SIRI. Both of them stated a R/S vote in filings, gee thanks for saving me guys. LOL As far as PIPE financing. This is how over 90% of biotech companies finance. Why? Because traditional financing finds these companies too risky.
You two have more holes in your story every day.
LOl
Yeah just like that 1 - 600 reverse split he told everyone we are in store for. Or better your vote does not count.
LOL
How is typing in MIL a mistake?
LMAO is all I have to say to that.
Yes sir. You all are going to have to read between the lines on this one and hope you make the right choice.
That is an excellent trading indicator idea. I like.
Add in the huge buys we have been seeing looks promising. I am just confident. Why? Most big pharma will not jump in until things are close to an end, they do not need to jump in early. Also this financing is normal for biotech, traditional financing does not touch biotech companies.
I have been flipping this a little. But with the lawsuit behind us, finish enrollment of agenda and some short term financing. I think things are lining up nice for a partnership.
I am confident that good news is coming soon :)
I agree. Alot of people are wondering why big pharma has not jumped on board yet. It is my belief that it is coming and probably withing the next couple months. I think they will try to get a quick peek at the agenda progress before jumping in though.
One thing I never see posted is the CEO has a large amount of shares. Most of these had been bought at above .85 cents out of his pocket not gifted by the company. What does that tell you?
Yes, but default just means that they would have to pay them effective of that date in full. I am thinking partnership, I hope I am not wrong.
I am thinking that the financing is just to buy Genta some time. I think since the lawsuit dismissal we will have a partner in the near future. Maybe they are waiting on current to date Agenda results. JMHO
It is to be voted on around mid May. Mail in or in person. The R/S to me is not a big deal I am looking for early Agenda results and approval. The price may go down short term on a R/S however I like many believe approval is coming towards the end of this year. JMHO
damn expected to dive in at the cheap today. Was light on shares this morning have enough but not what I wanted. oh well.
Ok so I have been digesting the 8k. Although I would like to hope for the best and will continue to watch the events I am afraid things do not look to good. There are several issues with this financing agreement which in my opinion is at best a desperate bid to stay afloat or at worst a way to grab any ownership common shareholders have in the company. I am still picking through and digesting the entire agreement slowly so as not to skip past anything but so far I am puzzled. Maybe that lawsuit actually had something to it?
:(
That seemed to be short lived. :)
Have you all picked through the amended 8k yet? I am still working on it so I find some of the posts very funny.
Anyway hanging up the computer for the day. I think it was all just a power move they pumped it dumped it and shorted it.
Of course it will go up. Just trying to get a feel from people who have experience with it.
Just imagine if this got naked shorted on the Berlin exchange and the whole thing backfired on them without the R/S going through.
Anyway that is my one conspiracy for the day. lol
That should be confirmed with tomm. update of the 8k.
I by no means claim to be a shorting specialist so let me run this by you all.
If they did naked short this stock what is going to happen if the R/S is turned down?
Or even better the front office expected this and to counter this they have good news they are keeping close on hand to lay down in case. Wouldn't this cause a huge squeeze on the stock if all the longs that loaded did not sell?
THIS IS ALL SPECULATION. I was just wondering.
I would agree. The fact is though not all PIPE deals are equal and cannot be lumped in the same boat.
LOL LOL Sweet I will start trading strictly off of technical analysis only.