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I see that nice. Saw the b/o on this thought about buying but did not know anything about it. Looks alot alike.
Of course what other kind of cat would I be?
Looks like we are bouncing off of the 200 day EMA for our third day in a row. GLA
I just like to make them look dumb. If I was anticipating a drop in price or shorting a stock I would not have to waste my time bashing. I would have done my research and felt comfortable in my decision. Like I said it is just fun, kind of like a cat playing with a mouse.
No big deal to alot of people in here. Most are in for the long haul. I am in at .003's with throw away money so if it pops good if it does not I am making money on others.
I base my stock pick off of combined analysis using fundamentals, charts and most important in my opinion due to how stocks are traded today is sentiment.
So your basis is tech. analysis of the charts. Ok thank-you.
If you are so down on the stock it is up to you to support your point. We have already supported ours. My guess is you won't elaborate at all because you have no clue what you are even talking about.
Looking for an elaboration of facts not statements. Please convince us.
This has already been covered tons of times. So since you know the company so well tell us all about why it will drop.
This in my opinion is what will come out in the PR:
We at Genta would like to say congrats to ryan128. You are filthy rich and we also want to warn ryan128 that rolling in all your money may induce an allergic reaction.
My guess is this week next week at the latest the financing and everything will be covered in full.
Well said. I am going back to watching my green screen.
Everyone needs to relax on the R/S. It is a good thing in this case. It will be timed with good news and move them back above a dollar if we are not already there.
As far as some in here saying the R/S will be used for further dilution that is one of the dumbest statements I have ever heard. Lets see I need more money so instead of trying to issue more shares lets do a R/S and then issue more shares. LOL Ok lets go north to go south.
In my opinion the lawsuit dismissal just cause it to rise earlier. We are coming to the close of the quarter so news is coming and people are holding which is causing pressure on the stock. IMHO if you read between the lines it is going to be good news. They would not be talking about a R/S without some other factors going on. As for a PR it is coming probably within the next two weeks. They will not announce anything early because of the legal problems that can arise by doing that if something falls through (case in point reference the DOW and ROHM HAAS deal)
I would expect around a 150mil to 200mil day on big news with the pps where it is.
In the first 30 min we are at 5 and yesterday finished around 45 mil. I would say if you do your math vol. is looking heavier than yesterday.
LOL we will see. Its next month already.
LOL you all think you are fooling people with the negative act. LOL. Genta trading around only 5% of its float today and that is considered heavy. Whole lot of people dumping their shares on your word LOL. Try peeing into the wind you will get better results.
If it is common knowledge than why are you so pissed off all the time. You people wanted to know what was going on, I told you, if you do not want to listen sell. I did my good deed I am done with you all.
Here is what is going down.
Ok repost to explain for people who have a hard time grasping what is going on. People shorting will not grasp this cause they are upset the stock is not going south. A buy back would burn much needed cash and this stock will not go to 1$ and stay there on approval without revenue. So read the following have a beer juice or whatever your poison is on a Monday and relax:)
First of all I lurk alot and have not posted. I use forums to gauge public opinion on stocks only.
Ok before I go all into the two cents on what is going on we first need to cover Genasense. Genasense is an addition to existing drugs to make them more effective. What this means is that upon approval you are talking about a huge market. Once it is approved once the ball is rolling and follow on approvals are much easier, in addition you will have some off label use. Next and most important a confirmation trial is to back up previous results. What this tells everyone is that the results are positive. Why? The FDA and Genta would not waste time and money to confirm negative results. To do so would make them possibly the dumbest people alive.
So what is going on? Here it is IMO in a nutshell. Genta is going to confirm the results by another trial and this will be approved later this year or next spring. We will probably see a producer jump on board to help produce and possibly market the drug. Also via this producer may financially back this last trial for CLL. Once the gates have opened getting a drug approved for other indications will be much easier. The R/S will be to allow them to get the PPS up if need be and relist on the NASDAQ. This will do two things. Increase upward pressure on the stock by allowing large investment firms to purchase within their operating conditions, this is a win for the shareholders PPS will drive up. Second it gives them a much stronger stance when trying to get financing and signing joint business ventures. This will make it easier for the company to pursue other drugs and develop the rest of the pipeline.
This is why I am in this for Genasense (huge market because it is a complimentary drug) and all the other drugs are just frosting.
LOL. I do not know what to say to you :) R/S that fail are at a 75% rate, that is fact. The ones that are failing are done to try to keep failing companies on a big exchange. Enough said you need to start stating facts to back up your position.
LOL that is funny. I am a common shareholder and probably hold more than anyone on this board. The fact of the matter is under the current conditions a R/S will be good for the company. Be patient and let the news come out.
A buy back by Genta is a non issue. Why? Eating up much needed capital in the current economic conditions and with the company still having no solid revenue as of yet would be a disaster. People need to relax on the R/S. Why? Because all the bad things you hear are about companies trying to stay listed not get relisted. Why would they not just wait till revenues pick up and buy back shares? Probably because it would eat up much needed capital to further develop Genasense and the rest of the pipeline. See previous post.
Sorry not the best grammer etc. in a hurry.
Here is what is going down.
First of all I lurk alot and have not posted. I use forums to gauge public opinion on stocks only.
Ok before I go all into the two cents on what is going on we first need to cover Genasense. Genasense is an addition to existing drugs to make them more effective. What this means is that upon approval you are talking about a huge market. Once it is approved once the ball is rolling and follow on approvals are much easier, in addition you will have some off label use. Next and most important a confirmation trial is to back up previous results. What this tells everyone is that the results are positive. Why? The FDA and Genta would not waste time and money to confirm negative results. To do so would make them possibly the dumbest people alive.
So what is going on? Here it is IMO in a nutshell. Genta is going to confirm the results by another trial and this will be approved later this year or next spring. We will probably see a producer jump on board to help produce and possibly market the drug. Also via this producer may financially back this last trial for CLL. Once the gates have opened getting a drug approved for other indications will be much easier. The R/S will be to allow them to get the PPS up if need be and relist on the NASDAQ. This will do two things. Increase upward pressure on the stock by allowing large investment firms to purchase within their operating conditions, this is a win for the shareholders PPS will drive up. Second it gives them a much stronger stance when trying to get financing and signing joint business ventures. This will make it easier for the company to pursue other drugs and develop the rest of the pipeline.
This is why I am in this for Genasense (huge market because it is a complimentary drug) and all the other drugs are just frosting.
sorry 1000 dollars per 100,000 shares at .01 cents per share
Its ok. Not great. Do the Math.
The officers even jumped on the investment saving white knight wagon cause they saw the $. At the common share holders expense.
Now don't get me wrong there is money to be made just not as much as people think. And yes the staff deserves to be compensated however they have been drawing salaries for work and now will reap huge profits for very little risk.
Here is how it breaks down:
Current outstanding: 36.8 Million shares
micro cap status
Now if you up this to 6 billion and they will cause they have the option too (fine print have the option to not the obligation to buy additional notes). And why would you leave profit on the table when you can just walk up and take it. Buying in at .01 cents per 100,000 shares.
Now some people say but what about the 15% well once the approval comes in if they exercise their option to convert they can turn around and sell that stock at lets say .02 cents and make 100% in months compared to at 15% a year.
The rest of use will make money if people still want to buy in and speculate about really long term. But it will not be at .10 cents and why? Because if you times .10 cents times 6 billion it will be 600 million moving the stock up two classes. Possibly yes.
Likely probably not. Why: the supply of the stock will override the demand of it through the sell of the additional shares which can be exercised at anytime. In essence more selling than buying which will at a minmum keep the price of this stock low. Can it see .10 or .20 cents sure. Just not as likely as people think or as easy. It will depend on when the convertions are done.
Not very ethical on managements part considering 15% is a steep loan to begin with but to throw in the option of converting to stock at .01 cents that is just greedy.
Well it will go up but unfortunate that the company talked people into the issue of that many shares.
Unfortunately the fact that officers are big lenders with the option to convert at .01 dang
Just was hoping this could be a good long poition to hold for an extended duration.
GLA
First post.
This has probably been asked before but does anyone else feel a little stressed over the conversion on some of this debt.
I know that it states at the companies discretion (in the financials) but I am still finding it hard to believe that the investors on the notes are going to take 15% instead of stock at .001
That is alot of stock to float out there if they all decide to cash in and take 100% or more. That is what I would do.
Just wonder what the thought are on this and if anyone has any background. I already own some and am just looking for constructive opinions. Thx