Genta, Inc (fka GNTAQ)

[elleryqueen]

There are a host of options for GENTA other than r/s. Since the debt level is no longer manageable they can do the following: 1) sell the company 2) find a new partner and do a merger 3) find new financing and pay off the old debt. There are a host of creative ways to solve this problem besides r/s. Something tells me FINRA is growing tired of these endless r/s by GENTA. Remember, the most important driver is not money but science. If GENTA has good science--a way can be found for them. Also, most pharmaceuticals are deep in debt. GENTA is no different. Most small bio companies have enough dollars to continue for 6 to 9 months. That is not unusal. GENTA can make it but it may mean having a new captain at the helm and that may be the real problem.