Did you guys read the filing? a/s increase to 100B and two R/S coming. I've traded penny stock for two years now, have never seen such a wonderful stock calling shorts with all voices. This means they want their stock to become simply as share selling machine and make it as shorts' playground.
The Special Meeting of Stockholders of Genta Incorporated, a Delaware corporation, will be held on Wednesday, December 29, 2010 at 11:00 a.m., local time, at [ ], for the following purposes:
1.
To authorize our Board of Directors to effect up to two reverse stock splits of our outstanding Common Stock, with each reverse stock split having a ratio ranging from 1-for-2 up to 1-for-100, until December 31, 2011.
2.
To approve an amendment to the Company’s Restated Certificate of Incorporation, as amended, to increase the total number of authorized shares of capital stock available for issuance from 6,005,000,000, consisting of 6,000,000,000 shares of Common Stock and 5,000,000 shares of Preferred Stock to 100,005,000,000, consisting of 100,000,000,000 shares of Common Stock and 5,000,000 shares of Preferred Stock.
3.
To transact such other business as may properly come before the Special Meeting.
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Guys, it will cut 50% to 90% within just a few minutes someday with multiple times. Hope you guys follow this stock closely and don't get caught giving your money to the crooks.
AI
