I suggest you open your eyes and do some research on your own. Genta has already flat out told EVERYONE this news already in a PR. This isn't new information for those who have done DD.
Recent 8-K filed pretty much confirms a R/S as a stipulation, that is unless they don't want the money.
"The 2009 Notes include certain events of default, including a requirement that the Company effect a reverse stock split of the Company’s Common Stock within 105 days of the Initial Closing. There are currently not enough shares of common stock authorized under the Company’s certificate of incorporation to cover the shares underlying the 2009 Notes."
If you vote "No" to the R/S, you're basically asking the company not to receive the other 6MM of their financing deal. Way to think it through, genius. That will send the company straight into bankruptcy. Not that it matters, they'll R/S with or without shareholder approval.
I swear there are more noobs showing up here every single day who don't have a CLUE what's going on here. You guys are going to lose EVERYTHING because you're lazy.
