Genta, Inc (fka GNTAQ)

[Learner09]

Start here to get your answers stockystock23.

There's not 100% of the notes left. lol Not with 93 mil. O/S now. Do your own figuring.

.005 isn't going to be the next adjustment conversion price either. I don't see Genta's pps holding .05 until the end of Dec., but who knows?

10K LInk: http://moneycentral.msn.com/investor/sec/filing.asp?Symbol=US%3aGNTA

GENTA INC DE/
Form: 10-Q
Filing Date: 8/12/2010




Our convertible notes contain various provisions regarding the adjustment of their applicable conversion prices. If on the later of (A) the date that is seven months after the March 2010 Financing and (B) the eleventh trading day following the effective date of the reverse stock split required under the March 2010 Purchase Agreement, or the October Adjustment Date, the volume weighted closing price ("VWCP") of our common stock for the 10 consecutive trading day period ending on the last trading day prior to the October Adjustment Date, or the 10-Day October VWCP, is less than $10.00 (as adjusted for any stock splits, combinations, recapitalizations or the like), the conversion price for the B Notes, E Notes and F Notes, as applicable, shall be reduced to a price equal to 10% of the 10-Day October VWCP. The adjustment of the conversion price of the B Notes, E Notes and F Notes in October would also result in the adjustment of the Company’s other convertible notes pursuant to the anti-dilution provisions of such notes. Also, if on the last trading day prior to December 31, 2010, or the December Adjustment Date, the volume weighted closing price of our common stock for the 10 consecutive trading day period ending on the last trading day prior to the December Adjustment Date, or the 10-Day December VWCP, is less than $10.00 (as adjusted for any stock splits, combinations, recapitalizations or the like), the conversion price for the D Notes shall be reduced to a price equal to 10% of the 10-Day December VWCP. The adjustment of the conversion price of the D Notes in December would also result in the adjustment of the Company’s other convertible notes pursuant to the anti-dilution provisions of such notes.