Genta, Inc (fka GNTAQ)

[loveismyreligion]

Yes, this is an exceptionally risky stock!!!

Enormous dilution is a HUGE factor...they reverse split the stock BEFORE they wind up issuing what was previously BILLIONS of additional shares...I still suspect they will zoom to over a billion shares outstanding relatively soon...it simply makes the math more complicated based on past filings...

I calculated they could have as many as 10 to 12 billion shares outstanding (before the reverse split was done) if all the convertible notes became common stock BEFORE paying exorbitant officer and medical salaries. 240,000,000 million more shares could be outstanding very soon by my calculations BEFORE paying salaries...it was a 1 for 50 reverse split...it is all a psychological boost to the stock BEFORE the stock becomes worthless...a smart move on their part.

They did the reverse split because of an agreement with a convertible bond holder AND so the shares outstanding don't become ridiculous in nature near-term and destroy any hope for this company...I don't trust convertible notes!!! They really hurt common shareholders.