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Javadreams here is the number again. You wouldn't have made your comment if you had tried to call Genta (GARY) 1-908-286-3980 or 1-9085-286-9800
Now you are lying because if you had called the number you CAN speak to Gary.
Whats wrong are you afraid to CALL HIM.
No I didn't ask him that however good question call him and let me know.
Biorecuiter was telling you the truth I just got off the phone with Gary Siegal and had a converstion that lasted 11.53 min on my cell phone.
He again As Bio said has a list of all share holders and he looked up myself as I hold 2.7mill.
He went then into a speal about the revese spilt on how they need the split so they are not in default.If voted no they would not be able to remain liquid.
He also mentioned that once the split is approved. They will have the next 6 million in financing. He also mentioned that the note holders will also give them an addition 23 million (which was filled on a s-1a on May 29).
We also had a long conversation about once a split is done,will they be able to maintaning the new price. Genta feels with their pipe line and with no longer the a concern about going Bk they should be able to keep the share price from dropping. He could not comment if news would be released.
They still firmly believe in approval for Genasense.
I will now vote YES for the split as I was undecided before, my big concern was a big drop in price after the split.
We also talked about a split ratio, he said it should be brought up at the meeting by the share holders as what they beleve it should be (backed by a plan.)I beleive they have an idea what the split will be but he wouldn't tell me.
Everyone should call Gary to discuss there own concerns as I did as posted by Biorecuiter the number is 1-908-286-3980 or 1-9085-286-9800
He will take the time to call you back, as he called me back twice. I missed the first call and returned his call back, he was again busy, and he again returned my call.
Believe and call Gary
I voted by enternet before may 27.
Does anyone now, will I be able to change my vote or will I be sent a new proxy paper with a new code.
Because the old proxy code will not work, as it says the meeting date has passed.
In a r/s split do the shares that you lose due to the divison go back to GENTA. Thus increasing their reserve shares or are they just gone.
Looking back over old sec filings during the time when it was trading at $17.50 they had appox 75mill shares outstanding
This was just prior to a fda decison also.
This gave Genta a market cap of 1.3125 bil, Year 2002.
Now if you were to convert the same value to today o/s shares it would be 1.3 bil market cap /6 bil o/s = .21875
Is this were they got the value of approx .20
My guess is they expect they should be able to reach this value with postive news about a partnership and an FDA or Euro application submitted again.
All this would be prior to a r/s
The converson to shares for the 2008 note holders were not subject a r/s because, they were converted recently. This conversion would reduced the in house shares left.
Also prior to the conversion we had 1bil shares already outstanding.
How many shares are left for collateral for the 2009 note holders before the r/s .
Can some help me I can't quite get a handle on the share structure
Total shares in house not sold = 6 billon ( before conversion)
most are held by collateral
2008 notes now converted = # of shares
2009 pipe deal held not converted = # of shares
Remainig shares left in treasurey = ( maybe neg before split)
Am I right to assmue that amount of shares held by the pipe deal will be effected by the split. this will give them more shares in house left.
What I'm trying to figure out is how many shares will be in house after the split that aren't held for security.
Does someone have this figured out already.
This is just funny I can't come up with an explaination
http://www.oncbiz.com/pipeline_online.php
According to this link; all pipeline drugs in play are listed, with several in Melanoma.
If you click on Melanoma, you will see Genasense in the first block without a company name. If you click that block, it says The stock does not exist, or has been deleted.
Could this mean the rights to Genasense now belong to someone else, and left blank, because it's not public yet?
Or maybe it's mistake , however it is a big one.
I believe It will close at .0124 or .0125 as RBCM is sitting on the sell at .0125, with someones dillution.
Tried to play the sell off (however worked after the conference call) and it didn't work so well today.
Sold this morning and chased it, to get back in. Lost 100,000 shares. I don't think I will be doing that again, I guess I'm not as good as some of the others on this board. Maybe my real talent is golf as I own a golf course and golf professional in Canada. Now I will hold till Approval with 2.7mill shares left.
Big lesson today can't get an handle on Genta's daily ups and downs.
Where in the April financing does it say Genta would be in default by June 1. I read default if r/s is not done by 105 days after April 1
"Hi all: The vote on the R/S is done, completed. Tomorrow when you log on to your a/c at your broker, don't be surprised to find a
new symbol for GENTA (new), and a reduced amount of shares.
What will the new symbol be? GENTX?, who knows, good luck. "
?????????????????????????????????????? wow!!!!!!!
That is the worst post I have read.
Do you really think Genta would plan a meeting to ask for a share holders vote on a r/s, then make a r/s before they can vote. I think they are smarter then that it would be a big law suit.
Yes, however people have been voting on line with a deadline of the 27th, so has that deadline been moved as well for the r/s split vote.
Are we also to assume that because we can't vote be the deadline that the r/s is off????
BECAUSE THIS IS WHAT THE MEETING WAS ABOUT RIGHT.
Does the postponment of the shareholders meeting mean that the vote for the r/s is also postponed.
Can some please advise.
A good link to other excahnges for genta.
http://de.finance.yahoo.com/q/cq?d=v1&s=GNQA.MU%20GNQA.F%20GNQA.BE%20GNQA.DE%20GNQA.SG
Is anyone on this board going to the meeting.
Some concerns are if the r/s is voted down how are they going to avert the default clause.
They have till July 17th which is the deadline of 105 days, to meet there conditions of the r/s or pay back the pipe deal.
Will they r/s split anyway if the vote is no.
I have not voted yet. I have 2.9 mill shares and wanting to hold long but concerned.
Here is a link for the other exchanges all together
http://de.finance.yahoo.com/q/cq?d=v1&s=GNQA.MU%20GNQA.F%20GNQA.BE%20GNQA.DE%20GNQA.SG
I don't agree, the news everyone is really waiting for is the DMB report, this report is really big for the future of Genta, a do or die for Genta.
I also agree that a partnership will not be finalized till the report is done.
If the news is positive we will all see new highs that we haven't seen in a long time.
PS: I think this board needs to look at some of it's rules for deleating and banning posters.
A link to check other markets that are open earlier, that trade Genta
http://de.finance.yahoo.com/q/cq?d=v1&s=GNQA.MU%20GNQA.F%20GNQA.BE%20GNQA.DE%20GNQA.SG
HOLDER THIS IS FROM GENTA'S SEC FILING APRIL 20
the 2009 Notes include certain events of default, including a requirement that the Company effect a reverse stock split of the Company’s Common Stock within 105 days of the 2009 Initial Closing. As a result, the Board of Directors is now seeking stockholder authorization to effect the reverse stock split.
MAYBE YOU NEED TO REREAD THE FILINGS
AGAIN THE 105 DAYS RUNS OUT JULY 16
Tell me why.
Tne reverse split if it happens, must be done on or before 105 days from April 2nd. THIS MR. HOLDER takes us possibly to July 16th.
Lots of time still for things to happen.
Reading and rereading some of the filings,it looks like we are really voting on is a split of above 1-50 up to 1-100. Because they can implement at any time a split with out approval up to 1-50.
IS anyone else taking this from the filings?
I would say this European Patent will certianly help any potential partnership.
Lets hope that they have or soon coming the same U.S. patent.
Great if you could attend Hoops2156.
I also agree that we should only concider 2 or 3 questions that we all agree are the best,
I would love to attend however I live in Toronto, Canada and as you can tell by my nickname I'm in the golf business. Courses are just opening up, a busy time.
Wondering if anyone on this board is going to the meeting on the 27th. Also is Genta allowing those that can't attend, the ability to tune in via computer or phone.
If anyone is attending lets get some questions together.
I'm comparing a public reaction to a pipe deal with Rodman & Renshaw regardless of where they're traded.
It is still very relative.
Here are some companies that have had a pipe deal from Rodman & Renshaw and the effect on their stock prices within the past 6 months.
ctic - 4 deals Sept 15 $9,000,000
sept 29 $14,200,000
oct 22 $24,700,000
dec 5 $32,650,000
stock price from Dec 5,.13 to .39 hit as high as .96
norhtfield
march 13 for $1,432,232
stock price march 13, .48 to april 4, .41
PharmAthene
March 24 $5,501,745
stock price march 24, $2.70 to april 4, $2.47
From What I can see with similar deals the only thing that has effected the stock price since the deals is other news releases since the deals.
The deciding fact with Genta is going to be the results coming out form the Agenda trails and possible approvals the financing doesn't look like it is going to be bad for Genta in the short term.
Here are some companies that have had a pipe deal from Rodman & Renshaw and the effect on their stock prices
ctic
Surfmore
Are you talking a deal with Genta and the Chinese, or sunv and the Chinese.
We should also expect some results on TESETAXEL DJ-927 from the phase 11 study.
I would also think that recruiting for a new phase 111 should start this year as well.
could be an interesting year if you can hang in and whether all the storms.
link to Tesetaxel studies
http://clinicaltrials.gov/ct/gui/c/w2b/screen/BrowseAny?path=%2Fbrowse%2Fby-condition%2Faz%2FM%2FD008545%2BMelanoma&recruiting=true&JServSessionIdcs_current=lc19ol9zeb" rel="nofollow" target="_blank">http://www.mpip.org/ctframeset.shtml?http://clinicaltrials.gov/ct/gui/c/w2b/screen/BrowseAny?path=%2Fbrowse%2Fby-condition%2Faz%2FM%2FD008545%2BMelanoma&recruiting=true&JServSessionIdcs_current=lc19ol9zeb
copy and paste TESETAXEL DJ-927 in the search area
I think you will see over the next few months lots of news from Genta now, remember they only have funds for 6-10 months so they will have to attract a partner. That has to come with the news from the Agenda Trials and an updates on Tesetaxel trials.
They also want to increase their share price to get off the pink sheets and on the the nasdaq.
Genta knows that share holders do not like reverse splits, So i would assume that they will try to increase the pps.
However didn't look good today!!
If Genta believes that Genasense will get, European Medicines Agency (EMEA) or the Food and Drug Administration (FDA) approvals. The 12 mill and the previous 40 mill agreement in financing would be really nothing remember that they first had a partner with Aventis sign a partnership agreement worth $480mm to CO-DEVELOP Genasense.
I think we need to keep looking at the big picture which is two great drugs Genasense and Tesetaxel that now look very promising for approval and a definite partner potintial.
I BELIEVE THAT APPROVAL WILL COME AND I'M IN LONG WAITING FOR THAT DAY.
Where is cndkid10 tonight I would like to get his view.
The PR clearly states
Company has entered into definitive agreements with institutional investors to place Secured Convertible Notes due 2012
The shares will be held till then.
No delution till 2012 and they can also buy the notes back with an 8% interest charge per year.
Why would Genta do a split to get to .20 DUMB!!!!!
They at least expect to be at .20 before the split.
Genta's idea for a split is only to get off the pink sheets.
AT .20 CENT A SPLIT OF 1-5 IS A $1.00
I think that this was a great press release based on that because Genta believes they only needed 6 months capital as a loan at the present burn rate.
The rest will come with the trial results in a partnersip. Also they expect the price to go above .20 within those 6 months.
GENTA AND THE INVESTORS HAVE CONFIDENCE IN THE PIPELINE.
FOR THE SHORT TERM 6 MONTHS
EXPECT LOTS OF ACTION.
Was that article in the Genetic Engineering & Biotechnology News posted today or year 2006 April 1