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Re: JohnCarroll3 post# 20665

Tuesday, 04/28/2009 9:45:54 AM

Tuesday, April 28, 2009 9:45:54 AM

Post# of 58465
5 months is a little strong...I was bullish on Genta (as the longs here will attest) for months starting last December. See, you new guys who haven't done any research wouldn't know that. There are a few longs here who do remember that, but not many. I was the main drummer in the Genta band.

No financing came out of the CEO conference, the company said they'd be broke by the end of the 1st Quarter 2009, they received funding that requires a reverse split before any analytical results are available from the Agenda Trial...those are the facts and why I'm now bearish on this company.

I believe in their drugs, that's why I came here in the first place, long before most of you even knew what Genta was. I've done tons of research on this company. It's unfortunate that they're in the financial situation they're in, the pipeline is promising...but no one wants a reverse split.

After 20 years of R&D, the company will dilute the shareholders to ZERO to bring the drug applications to market. That will happen post reverse split.

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