Genta, Inc (fka GNTAQ)

[fmrick]

yea, kind of. The fill in the blank is because it is a preliminary filing. So the terms are not set yet. But you got the rest right.

I think they have found a way to get around FINRA blocking a reverse split. Looks like they are going to re-incorporate in California and at that time try to "re-adjust" the share count.

My guess is that FINRA is watching (or someone will complain to them) and they will stop this from happening. We will see.

It just shows how desperate this company has become, something I have been warning was going to happen. They HAVE to find a way to make the Finance deals work. They have too many shares in the fully diluted to go out and get money again without some changes.

While I have been one of the few hoping for a R/S, I hate that they are doing this this way. This really turns off REAL investors when they see this type of move while doing DD. It is a warning flag.

It is going to get interesting this summer.