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I may buy back into this stock if it gets back down to .50.
This has gotta be like the 3rd or 4th massive dilution offering since the crash.
Classic toxic financing move for a failed company, and it wont be the last time, keep that in mind.
Best of luck :)
If the past is any indication, they are selling shares into these puff PRs for some operating cash :(
Usually the only reason these companies change names is to try to raise money, its not a good sign :(
.30's inc :(
Buying @ .20 if I decide to get into this :)
This bank is in serious trouble..
http://www.foxbusiness.com/markets/2010/08/02/united-western-treading-water-amid-regulators-capital-demand/
Massive stock dilution inc...
Not here to prove anything to anyone, just thought id throw in my 2 cents, best of luck to you :)
Didn't say it wasn't official.. my point is that many failed banks were working with goldman sacks.. doesn't mean anything.. they went down anyway. Hence, its merely a PR move to mention them..
The Goldman Sacks thing is just name dropping... tons of banks that have gone down reported "working with goldman sacks" as a PR measure to give credibility to their actions and calm fears...
I trade based on the moves the company makes.. not the BS they sell..
If you think that UWBK is somehow special or different then all the other failed banks that made these same desperate moves... then best of luck to you :)
If i get into this stock, ill will be @ around .20, huge dilution coming...
As you can see from this article, they are pretty much screwed..
http://www.denverpost.com/ci_15646119
Of course they are gonna put on a good face to keep people from bailing.
The new financial bill killed their latest attempt to save the bank. That being the acquisition of a deposit bank.
They have already voted to increased the stock cap by 10x, which means massive dilution.. on top of the current dilution.. after which they plan to reverse split the price back up to keep the listing, if the bank is still around by then.
In addition, they are actively looking to sell part or all of the bank.
IMO, the ship is sinking and they are starting to throw out life perseveres.. hope u guys don't get left without 1...
The original stock offering 15 yrs ago was like 5$, that was about the most the stock was ever worth to investors.
Every time the stock has gone through a reverse split, the original stock price has to be adjusted up to account for historical value.
At this point, that original stock offer price number has been adjusted to up to 2.5 million.
I get a laugh every time I come back to look at this stock, how these guys are not in prison is beyond me.
For a comedic prospective, if you bought into Genta's BS in the beginning, and held those shares until today, you would have lost 99.99% of your investemnt.
Happy Trading :)
The recent R/S did a variety of things for the stock, one of them being that it stopped many of the penny stock execution programs from manipulating it. At this price moves will be based more on fundamentals then manipulation. To see the stock up this much today means there is news, the insiders have it, we dont :(
Up on very low volume, your guess is a good as mine...
Looks like they may not even have the cash to go into production after drug approval.. they may be in some trouble now.. a cheap buyout may be in the near future.
While NEXM certainly has more potential then most other stocks of its kind, now we know that they have the same toxic financing strategy as all the the other penny garbage stocks :(
Reverse split, dilute for cash, and repeat.
I see them pumping this move as an effort to gain full compliance with nasdaq, rather then to dilute for cash, so we will see how well that is received :)
There is absolutely no demand for this stock.. teens incoming..
May see the teens again... rough :(
Just a reminder to you guys...
There have been so many reverse splits and dilution cycles that if you had bought into the original Genta stock offering 10 yrs ago, and never sold it, you would now be down 99.999 %
Still waiting for .30 to average down :)
With no real buyers its easy to short it down, we may see the .20's again. Ill probly average down @.30
Its true, they have spent a lot of money to get where they are... their debt currently doesn't affect the operating cash they still have, so as long as they can continue the clinicals and hold out for drug approval, all will be good :)
Why they have so many after hour PR's is unknown. Certainly if you wanted a stock to run on PR'S, you would do it during regular trading hours. Never seen this kind of behavior before. You should call them and ask :)
My only guess they simply cant get the PR out before trading close, and they don't want to risk insider trading violations in the attempt to hold the news until the next day.
Gonna end red on good news, you short term holders better get out :(
Im not concerned about the PPS. Anything in the .40's is a great buy, even if it goes down into .30's. By next year this should be worth a few bucks so im not worried :)
Back in @ .45.
I expect it to go down to .40 before we get another PR pump.
Every PR from NEXM results in a P&D. So yes, people are shorting it, its a smart move :)
"When will it be our turn"
#1 answer.. NEVER :(
The chance they will beat a real BIO company in discovery, patent, or first to market with a viable drug is 1 in 1000.
Genta has been at it for 10 yrs now, and all they have to show for it is an impressive record of BS and tons of angry investors.
Yet they are still trying.. gotta give them an A for effort :)
I would not be surprised to see it close in the mid or upper 40's today.
This stock will remain a P&D until they have something approved, i recommend you play it as such :)
I'm out as well. I will look to get back in at around .45 :)
I am sure there will be many plays on this before the year is over. History seems to show that when Genta needs money they can PR pump very well. Good timing will make some of you some serious cash.
However, I strongly recommend you longs wait until after this round of R/S + dilution is done before you think about investing in Genta's latest BS :)
Seems like a decent entry point. Haven't seen a stable graph like this in a while.
Well if you are not lying then its clear you are simply unable to understand what stock splits and reverse-splits do to historical PPS data, and how that data can be misleading to the uninformed.
I tried to explain it to you, but it appears there is a minimum intelligence level required for such comprehension, which you do not appear to meet :(
You go ahead keep saying things like "2 years ago this stock was at $90+" "I have proof"... its kind of amusing :)
If u wanna be a joke in the eyes of everyone here, then i am content in letting u be.
My only agenda is calling out people that lie about cancer related stocks to make money.. its just sad..
Best of luck to ya :)
BTW Smitter, a bunch of companies recently got "Fast Track" status for their potential cancer drugs. It is part of the Obama administration's agenda to find a cure for it.
The chance that Genta will beat out the big guys for any cure would be nothing short of a miracle. But anything can happen, i hope u guys get lucky :)
Genta NEVER TRADED for $90... saying that makes u look like an idiot.
The graph is wrong due to the R/S, did u even read my previous explanation? Jackass..
Ask Smitter what the actual historical high was, id bet not over $5, and that was only when they 1st went public.
LOL, wow Geohani. Thats some good research there man...
Genta has never been over like $5.00 (i dont know exactly, but its around that)
Yes, the PPS history if you were to look at it now may say $90 or even $5000 ten yrs back.. but that is only because every time they R/S the historical PPS gets adjusted to compensate for the relative price change so it can be easily tracked.
After the R/S they always dilute, and when they dont live up to the latest hype, the PPS just goes back down. When it gets too low, they repeat the process.
That $90 or $5000 represents what the stock would have been if there were no R/S.. it also represents what u would have lost if u bought in before the very 1st R/S... about 99.99999 %
And we are happy to have bought your shares :)
Only one reason for a penny stock like this to R/S... dilutive/toxic financing. It will be back to sub-penny soon. Good luck with this garbage stock :)