Genta, Inc (fka GNTAQ)

[fmrick]

None of this really matters anymore.

The total of all the shares that could be outstanding is 11.75 billion, give or take a few hundred million. After the reverse split (which must be done because they only are authorized to have 6 billion) and after all are converted, there will be 235 million outstanding. If they can find a way to keep the current market cap, those shares will be worth about 0.034 each (8 million divided by 235 million).

So after all the crap, and all the dilution, 100,000 shares today will be worth about $68 in the end(100,000 shares reversed into 2000 and worth .034 each).

That is why the best plan is to sell out, help push the price as low as it can go, then buy back when it hits bottom. But remember, the $10MM they just got still might not be enough to keep them going until revenue starts to roll in, so you may have to wait until the next round is done.