Genta, Inc (fka GNTAQ)

[fmrick]

The outstanding was up to 181 million last week. It is increasing about 10-20 million per week. They have a long way to go. They are not even 20% complete with the debt conversion.

They will reverse split when the outstanding gets over a billion. Now think about that if you are holding shares right now. From 200 million to 1 billion is cutting the value of you shares by a factor of 5.

Now, if you do the math on the conversion, you will find that at the current conversion rate, those 800 million shares will convert about 1/2 the debt. So even then they will only be about half way to the final conversion. But how fast can they do it? They run out of money in just a few months. Can they convert that fast? Did they count on the ASCO news to get them more than they will actually get?

My OPINION is they over shot the deal and won't be able to cover the entire debt. And that will be the end. If no new deal comes along they will be done. If a new deal comes it will totally rape the rest of the shareholders. All of you people who claim to have so much in this, your best bet is to call the company and be a part of the next deal. I'm sure if you got a spare million or two they will let you in. Otherwise- RUN!