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Re: bullish2009 post# 14497

Sunday, 03/29/2009 4:55:15 PM

Sunday, March 29, 2009 4:55:15 PM

Post# of 58465
If you can't tell the difference between bashing and the need for updated financial information on the company, then you really need to find another hobby, profitgoal. Just this month the company stated they would run out of money by the end of the 1st quarter of 2009 and we've YET to hear anything on where they currently stand.

I've stated several hundred times that I believe in this company's drug pipeline, but I don't currently believe in its ability to continue with no money.

It's widely known that Genta has never been profitable over the 20 years its been in operation. That's not unusual for a small biotech, but 20 years of failures in the eyes of the FDA (right or wrong) takes its toll on a company's capital and ability to continue.

If you've done any DD on your own, you'll quickly realize that Genta is out of money until they communicate otherwise. As recently as this month they communicated they'd run out of money by the end of the month. Now they're requesting a reverse split.

That's not bashing. That's reality. Learn the difference.
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