Genta, Inc (fka GNTAQ)

[loveismyreligion]

Yes, "Hope rhymes with dope!" as Wade Cook, an investment seminar leader, used to say.

I am amazed and astounded that no one cares about the 3.4 BILLION shares outstanding up over 3 times from approx. 1 BILLION a few months ago.

I feel embarrassed...I feel like the labels we so cruelly put on people like: idiot, fool, stupid, dumb ass etc. for being sucked in on the promise of massive profits (making a quick killing).

I allowed myself to be tricked again on the possibility of easy money with no stable foundation for the stock price. Who are the hot potato holders (bag holders) holding this up?

Are people nuts about NOT approving the reverse split (required in agreement for financing) unless it cancels this financing which threatens ridiculous potential dilution to shareholders of 3.9 BILLION additional shares.

I didn't understand when they could convert to common on these convertible notes...I thought I read 20 consecutive days above $0.20 per share (20 cents per share)....is that correct? The conversion is being able to obtain stock at the ridiculously low price of $0.0020 (that is 20/100 of a penny per share). $1,000 in principal owed / 500,000 shares conversion rate = $0.0020 per share for the note holders cost basis conversion...damn that is a good deal for them...