Glad at least one person here understands the impact of the mark-to-market accounting on the numbers reported. Even with the warning IN THE PRESS RELEASE people still think they made money.
No people, they lost a lot of money. They could not say it any clearer than they did right here:
The results for the three and nine months ended September 30, 2010 and 2009, respectively, include the impact of the mark-to-market accounting for the liabilities for the conversion features of the Company’s notes, debt warrants and warrants that were issued in its financings, including the financing that was closed in March 2010. These liabilities fluctuated according to the price of Genta’s common stock up until the implementation of a 1-for-100 reverse stock split that became effective in August 2010, and as a consequence, these fluctuations have caused the Company to report positive net income for the third quarter of 2010.
If you don't understand this stuff you should not be invested here!
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