Genta, Inc (fka GNTAQ)

[fmrick]

Can't wait to see how the hypers spin this as positive.

What really matters now is when they announce the reverse split. The key will be where they set the conversion price. If they go all out with the reverse, and set it at 1:25,000 the price will be $15, if the price stays the same.

If they set the conversion at anything below $10, this is doomed.

However, with those numbers I would be comfortable playing it for a trade.

We shall see. But my bet is they set the conversion 90% below the price. So remember, where ever they set the conversion price, that is the new floor. At 90% the conversion would be set at $1.5. So your $15 share, post reverse split, will drift toward the conversion price.

The choice they have RIGHT NOW in front of them is this- Do they want to look like a real company or just a sham?

Wall Street will be watching. Do the right thing and be rewarded or keep up the scam? Which will it be?