I also agree tis could be the case! Its just too bad that Ray may be thinking in the best interests of a minority of shareholders(which includes himself) and not in the best interest of the majority of shareholders. By doing this, he would be making big bucks for some when and if the time comes but is wiping out the investments of the many on the way to doing so. I believe this is a loop-hole scenario of "in who's shareholder best interest" this direction takes us(current shareholders, or those that have the stomsch to ride it out for the years w/out the true knowledge of where Genta might or mightn't be headed. Of course, if it turns out one day to explode, Ray will have covered his ass, but in the mean time, the majority of shareholders who are fed up with Gentas antics may potentially lose all of their investment because they hadn't waited a life-time for "his" plan to work. Is it illegal? Probably not. Is it in present shareholder interest? Probably not.
