Vawedo and jv...
The investing of money by the owners was done back in June 2008 when they were trying to build investor confidence and stabilize a plummeting stock price. Not only that, but it was likely a stipulation of the deal that financiers required in order to move ahead with funding (put some skin in the game). Things were different then. There was an NDA on the table and everyone was hoping the drug would be approved based upon the analytical results, even oncologist professionals across the world. It didn't happen. The stock plummeted down to subpenny, investors bailed, there is nothing left...NOTHING...in the way of money to continue operations.
A common mistake for new stock traders, and a common spin more seasoned pumpers use, is "you don't have a paper loss until you sell!", suckering in newbies. Let me tell you new investors something...it can and WILL get worse than a 50% loss and it won't recover until detailed information on non-dilutive financing is available.
Genta is out of money. You can't run a business...certainly not one with over 2 million dollars per month in burn rate, without money. It just can't happen.
Again, get out now and save your investment...reinvest it when you hear news of financing. You're going to be beaten down to nothing.
AI
