AI
Wednesday, March 11, 2009 8:32:46 AM
Everyone Read:
When a certain individuals continually use words like AMAZING!!!! INCREDIBLE!!!! WE'LL BE RICH!! OMG!!! You need to realize that they are trying to take you for all you're worth. That's #1.
When I heard no news on new investors following the 2009 BIO CEO Investors Conference in early to mid-February, and started to see the light that the majority of people were hoping on Genasense approval in the treatment of CLL, we'll...I saw the writing on the wall. I told you this would happen. You had the chance to get out. Nearly 2 full days, but you held. That was your choice.
Now the company is completely out of money with no investors in sight, as per their presentation at the 2009 conference and their S-1. Why some people continue to say the opposite from what the company is telling you POINT BLANK is beyond me. I guess some people are really big dreamers.
Slide on financials from the END OF QUARTER 3 2008 (6 months ago...they're really broke). You'll also notice that this company conveniently removed this slide from their corporate presentation deck on their website.
FROM THE S-1 that was released a few days ago after Genasense denial from the FDA.
Our business will suffer if we fail to obtain timely funding.
Our operations to date have required significant cash expenditures. Prior to completion of this offering, we have less than two months operating cash remaining. Our future capital requirements will depend on the results of our research and development activities, preclinical studies and clinical trials, competitive and technological advances, and regulatory activities of the FDA and other regulatory authorities. In order to commercialize our products, seek new product candidates and continue our research and development programs, we will need to raise significant additional funds irrespective of market conditions.
If we are unable to raise additional funds, we will need to do one or more of the following:
• delay, scale back or eliminate some or all of our research and product development programs;
• license third parties to develop and commercialize products or technologies that we would otherwise seek to develop and commercialize ourselves;
• attempt to sell our company;
• cease operations; or
• declare bankruptcy.
Presently, with no further financing, we will run out of funds in the first quarter of 2009. We currently do not have any additional financing in place. If we are unable to raise additional financing, we could be required to reduce our spending plans, reduce our workforce, license to others products or technologies we would otherwise seek to commercialize ourselves and sell certain assets. There can be no assurance that we can obtain financing, if at all, on terms acceptable to us.
http://www.sec.gov/Archives/edgar/da...236a1sv1za.htm
I mean, they're screaming at investors, WE DON'T HAVE ANY MONEY! Yet some people continue to buy into the hype. Don't believe the hype. You're going to lose it all without additional funding.
Show me the money, Genta, and I'll get another position...but I'm not about to throw my money off the cliff with you.
When a certain individuals continually use words like AMAZING!!!! INCREDIBLE!!!! WE'LL BE RICH!! OMG!!! You need to realize that they are trying to take you for all you're worth. That's #1.
When I heard no news on new investors following the 2009 BIO CEO Investors Conference in early to mid-February, and started to see the light that the majority of people were hoping on Genasense approval in the treatment of CLL, we'll...I saw the writing on the wall. I told you this would happen. You had the chance to get out. Nearly 2 full days, but you held. That was your choice.
Now the company is completely out of money with no investors in sight, as per their presentation at the 2009 conference and their S-1. Why some people continue to say the opposite from what the company is telling you POINT BLANK is beyond me. I guess some people are really big dreamers.
Slide on financials from the END OF QUARTER 3 2008 (6 months ago...they're really broke). You'll also notice that this company conveniently removed this slide from their corporate presentation deck on their website.
FROM THE S-1 that was released a few days ago after Genasense denial from the FDA.
Our business will suffer if we fail to obtain timely funding.
Our operations to date have required significant cash expenditures. Prior to completion of this offering, we have less than two months operating cash remaining. Our future capital requirements will depend on the results of our research and development activities, preclinical studies and clinical trials, competitive and technological advances, and regulatory activities of the FDA and other regulatory authorities. In order to commercialize our products, seek new product candidates and continue our research and development programs, we will need to raise significant additional funds irrespective of market conditions.
If we are unable to raise additional funds, we will need to do one or more of the following:
• delay, scale back or eliminate some or all of our research and product development programs;
• license third parties to develop and commercialize products or technologies that we would otherwise seek to develop and commercialize ourselves;
• attempt to sell our company;
• cease operations; or
• declare bankruptcy.
Presently, with no further financing, we will run out of funds in the first quarter of 2009. We currently do not have any additional financing in place. If we are unable to raise additional financing, we could be required to reduce our spending plans, reduce our workforce, license to others products or technologies we would otherwise seek to commercialize ourselves and sell certain assets. There can be no assurance that we can obtain financing, if at all, on terms acceptable to us.
http://www.sec.gov/Archives/edgar/da...236a1sv1za.htm
I mean, they're screaming at investors, WE DON'T HAVE ANY MONEY! Yet some people continue to buy into the hype. Don't believe the hype. You're going to lose it all without additional funding.
Show me the money, Genta, and I'll get another position...but I'm not about to throw my money off the cliff with you.
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