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what a dumb pump try!! loser!
you're welcome!!
no of course not. but if you had 50 shares before the split you now have one. But the quote went also up to $.46 right
now.
So that's almost the same like last week.
$.46/50= 0.0092
But in my honest opinion i am not sure if the quote will keep around the $0.50 area
But please do your own DD. GENTA is running out of funds and they need to raise capital which means they will throw millions of millions new shares on the market.
tell me your story. We had a 50:1 R/S - did you know that?
calm down....what's going on?
I know this! I totally agree with you with all
what you wrote the last weeks!
exactly!
blabla news
nothing special - with an article you have to read from 2006
what a mess!
Nasdaq Listing without any income???
are you kidding?
maybe, but what are those news worth if 30b shares are outstanding?
Not until Q4 maybe...GENTA has over $4mio cash burn rate. So $10mio are until Sep/Oct. Not sure if everything is finished when they introduce everything to FDA again.
And the problem what ALL of the shareholders have: The dilution is intense! PPS will come down and down and down and you can't do anything.
don't think this should be satisfying for the shareholders.
exactly. but they convert $10mio of bonds to shares. Didn't understand? AFTER R/S there will be much MORE shares outstanding.
not true. 6b already outstanding. now through the convertion from the notes into shares, which are being thrown on the market, GENTA has more outstanding there than before.
you calculate without the R/S
200mio shares out after R/S means the same like
10b shares out before R/S
i already told you - until R/S is on the way about 11b shares will be outstanding + another 200mio (or before R/S 10b) means alltogether
21b shares outstanding.
OUCH
believe it: But it's always the same: It's the shareholders who are paying the loans for the management!
ouch ouch ouch...another dilution! holy moly already 6b outstanding, now again 10mio Dollar converted from notes to shares, which also will be thrown on the market. That means another 5b will be on the market.
6bl shares outstanding + another 100mio AFTER r/s means = 2bl shares BEFORE split = 8bl shares
$12mio convertible notes - $6mio already converted = about another 4bl outstanding shares = 12bl outstanding shares
what about the rest ($6mio convertible notes) which would mean another 4bl outstanding shares.
All together 16bl outstanding shares?
wow
what did you expect? Management converted, so it doesn't matter for them if GENTA files for Chapter 7.
well i am a reader of your board, but never posted. So when i have an opinion i am not allowed to post my opinion?
I thought this is the reason why this board exists. Honestly i most read the german genta boards, but they are writing real real crap and if i don't have a good opinion i am allowed to tell it on that board. These are the rules. nothing more, nothing less.
50mio net loss 2008, 11mio net loss q1, r/s coming, just before chapter7, no FDA approval for genasense for 3 years now, 6billion o/s
NO INCOME
DILUTION
and a bunch of dumb pushers over here who think GENTA will make em rich?
enough facts said?
THX....
believe me, i know more than you guess
GNTA will file for Chapter 7
if not next week - then in Q4
or another R/S in Q4?
What do you think?
LOL
going to $1
DILUTION BACK AGAIN. r/s coming next. imho
yeah, seems like it pops up 30% or so....and after it collapses again.
$1,10 afterhours?
trading halted?
SHORT HALTED ....news!19-Sep-08 03:38 am
could skyrocket HTOG........!!!!!
NEWS OUT !!!!! Sept. 19 (Bloomberg) -- The Securities and Exchange Commission halted short selling of financial companies, pressing an assault on speculators after the collapse of Lehman Brothers Holdings Inc. and American International Group Inc.
Futures on the Standard & Poor's 500 Index surged 2.9 percent following the announcement. U.S. equities staged the biggest rally in six years yesterday after the SEC stiffened other regulations aimed at curbing manipulative trading.
``The shorting rules gave investors the belief the world is not coming to an end,' said Phil Orlando, New York-based chief equity strategist at Federated Investors Inc., which oversees $334 billion. ``You had a lot of the hedge funds ganging up on these financial companies and putting them out of business.'
Hedge funds and investors who profit from share declines are being scrutinized after $3 trillion was wiped from stocks globally this week as financial shares swooned. Goldman Sachs Group Inc. and Morgan Stanley, the remaining independent securities firms on Wall Street, plunged by the most ever, prompting Morgan Stanley Chief Executive Officer John Mack to say short sellers are using abusive tactics to attack companies.
Financial regulators in the U.S. and U.K., attorneys general in New York, Texas and Connecticut, and the three largest U.S. pension funds all began cracking down on short sellers this week.
The SEC said today that it will halt short selling of U.S. banks, insurance companies and securities firms through Oct. 2, while the Financial Services Authority in the U.K. banned short sales of financial shares for the rest of the year.
Sentiment : Strong Buy
SHORT HALTED ....news!19-Sep-08 03:38 am
$5 at least........!!!!!
NEWS OUT !!!!! Sept. 19 (Bloomberg) -- The Securities and Exchange Commission halted short selling of financial companies, pressing an assault on speculators after the collapse of Lehman Brothers Holdings Inc. and American International Group Inc.
Futures on the Standard & Poor's 500 Index surged 2.9 percent following the announcement. U.S. equities staged the biggest rally in six years yesterday after the SEC stiffened other regulations aimed at curbing manipulative trading.
``The shorting rules gave investors the belief the world is not coming to an end,' said Phil Orlando, New York-based chief equity strategist at Federated Investors Inc., which oversees $334 billion. ``You had a lot of the hedge funds ganging up on these financial companies and putting them out of business.'
Hedge funds and investors who profit from share declines are being scrutinized after $3 trillion was wiped from stocks globally this week as financial shares swooned. Goldman Sachs Group Inc. and Morgan Stanley, the remaining independent securities firms on Wall Street, plunged by the most ever, prompting Morgan Stanley Chief Executive Officer John Mack to say short sellers are using abusive tactics to attack companies.
Financial regulators in the U.S. and U.K., attorneys general in New York, Texas and Connecticut, and the three largest U.S. pension funds all began cracking down on short sellers this week.
The SEC said today that it will halt short selling of U.S. banks, insurance companies and securities firms through Oct. 2, while the Financial Services Authority in the U.K. banned short sales of financial shares for the rest of the year.
Sentiment : Strong Buy
GOING UP AGAIN! CLOSE ON DAY'S HIGH! IMHO eom
just a bit profit taking, let it ride guys
PAULSON PC TODAY RE: FRE/FNM
NEVER EVER NAKED SHORT SELLING ANYMORE! GO HTOG GO!
SHORT SQUUUEEEZE!!! GO HOME SHORTS!
$5 is the target!!
imho
here is the answer to get $20 a share
18-Sep-08 04:01 am
if you place a sell order at a high ask price they will have to borrow youre shares at that price. is a zimple concept but it works only when many share holders do it at the same time. i don't know how the hedge funds and other major holders are sitting with these but iam sure nobody wants their shares to go lower than these, you can repeat these post for people and the idea and we can start taken back our value for our shares on our own is our money not the crooks who short these stocks. any other ideas to benefit the stockholders lets welcome them. please answer to this.lets start with $50 or even higher price
Rating :
(2 Ratings)
bye bye shorts 2nd UPDATE: SEC Tightens Short-Sale Rules With Firm Close-Out
09/17 02:22 PM
(Adds details on restrictions in third paragraph, and background on previous tick-test restrictions and the SEC's emergency order in the tenth and 11th paragraphs. Also adds reaction from bankers' group in eighth and ninth paragraphs and from hedge fund group at end.)
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON ()--The Securities and Exchange Commission announced measures Wednesday to curb abusive "naked short sales" by imposing a firm close- out requirement on short sellers and their brokers.
Short sellers and brokers must deliver securities borrowed for short sales on the trade settlement date, three days after the transaction, or face penalties if they do not, the SEC said.
The tighter delivery requirement was adopted by the SEC as an interim final rule, an unusual step for federal regulators, and will take effect for all public-company securities starting at 12:01 a.m. EDT Thursday. Brokers acting on behalf of customers who violate the new close-out requirement will be barred from further short sales in the affected stock for any customer unless the shares are located and borrowed in advance, the SEC said.
Additionally, the SEC finalized two other changes it previously proposed. One eliminates an exception from the close-out requirements for options market makers, making them subject to the same rules as everyone else. Regulators said that change will take effect five days after it is published in the Federal Register.
The SEC also approved a new anti-fraud rule targeted to short sellers who lie about their ability to deliver borrowed securities, which the SEC said takes effect immediately.
Short sellers aim to profit from declining stock prices by borrowing shares to sell and replacing them later at a lower price. So-called "naked" short sellers do not borrow shares before engaging in short sales and may never do so, a practice that can have punishing effects on a stock's price.
SEC Chairman Christopher Cox said in a statement that the changes "make it crystal clear that the SEC has zero tolerance for abusive naked short selling."
The American Bankers Association said it strongly supports the SEC's actions and the "aggressive" timetable for stricter delivery requirements, saying it has advocated for such changes since early July.
"In recent weeks, this unlawful manipulation of stock prices has resulted in precipitous drops in stock prices, extremely high trading volumes, and huge spikes in failures to deliver among our publicly traded member banks and bank holding companies," the ABA said in a statement.
SEC critics may not be satisfied with the changes, which do not call for reviving "tick test" restrictions outlawed by the SEC last year after a lengthy experiment. The Depression-era restrictions ban short sales unless prices are moving higher; the SEC concluded that they had little effect and weren't needed any longer. Wachtell, Lipton, Rosen & Kaz, a New York law firm, has called for the SEC to reimpose the uptick rule, and did so again this week.
The changes are the latest in a series of actions the SEC has taken to attack short-selling abuses. A temporary emergency order issued this summer required borrowing shares in advance of short sales in 19 financial stocks, including federal housing-finance giants Fannie Mae (FNM) and Freddie Mac (FRE), and U.S. Treasury securities dealers, chiefly Wall Street firms. After the order expired, Cox promised the SEC would look to extend similar protections market-wide.
The SEC's short-sale initiatives predate the current market turmoil. The agency adopted a package of reforms known as Regulation SHO in 2004 to tighten delivery requirements for short-sale trades. Among other things, the rule requires delivery failures in hard-to-borrow "threshold" securities to be closed out within 13 days. Option market makers were excluded from the stricter delivery requirements, however.
Option market makers balked at a 2007 SEC proposal to eliminate the exception, but the SEC reissued it in July after its economists found that many failures to deliver borrowed stocks were due to the option-market maker exception.
Although option market makers have warned that market liquidity could suffer if they are subject to stricter stock delivery requirements, SEC commissioners appear to have put those concerns aside and opted to treat option market makers like other market participants.
The new anti-fraud rule, proposed in March, expressly targets fraudulent short sales. Since the SEC already has broad anti-fraud powers, "whether they actually needed to do a rule is debatable," said Larry Bergmann, a special counsel at the law firm of Willkie, Farr & Gallagher LLP, in Washington, D.C., and former senior associate director in the SEC division that oversees trading and markets.
The Coalition of Private Investment Companies, whose members include hedge funds, praised the new anti-fraud rule, saying it sends "a strong signal to market participants that providing false information about stock borrowing will be dealt with harshly."
In a prepared statement, CPIC Chairman James Chanos, founder and president of Kynikos Associates, a New York firm known for short selling, called the changes "tough and balanced."
While Chanos endorsed having stock deliveries occur within three days of a trade settlement, he expressed concern that the change could have "unintended consequences" and urged the SEC to carefully monitor any fallout. Chanos also questioned the need to have the new rule take effect without any advance notice or public comment period.
-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
of course i know
UPDATE ON NAKED SHORT SELLING RULES! EFFECTIVE TOMORROW!!
SEC issues rules against abusive short sales
Wed Sep 17, 2008 11:34am EDT
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WASHINGTON (Reuters) - New rules aimed against abusive naked short selling of stock in all publicly traded companies were issued by the U.S. Securities and Exchange Commission on Wednesday.
The SEC's new rules, which include a requirement to deliver a security by the settlement date, are effective on Thursday.
"These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling," SEC Chairman Christopher Cox said in a statement.
Short sellers and their broker dealers are now required to deliver securities by the close of business on the settlement date, which is three days after the sale, or they will face penalties.
Broker-dealers failing to comply will be prohibited from further short sales in the same security unless the shares are pre-borrowed. That prohibition on the broker-dealer's activity will also apply to all short sales for any customer.
The SEC also adopted a rule that deems it fraudulent for customers to deceive broker-dealers about the intention or ability to deliver securities in time for settlement.
The third measure the SEC adopted requires option market makers to deliver securities by settlement date.
A "naked" short sale occurs when an investor sells stock that has not yet been borrowed.
Broker-dealers will sometimes accidentally fail to deliver stock to investors who have arranged to borrow it. If this is done intentionally, it is already illegal.
(Reporting by Rachelle Younglai; Editing by Tim Dobbyn)
check the rules UPDATE. be scared!