That list has been there for months.
Go to the Rodman & Renshaw Annual Global Investment Conference that was held last week and is listed just below the Vienna 2012 ESMO Congress. Genta's web site says they will be there as well. Now look at the conference list of companies that attended. You guessed it, no Genta. Now go on the web page for the conference and get a copy of the book of the companies that participated. Yep, Genta is not in the conference book. (The book is downloadable in PDF format and is a great source for information about a lot of companies. Try it if you are researching biotech and medical companies)
There is nobody to update the web page. They are were terminated.
What about the 8K don't you understand? The 8K says they are going to file and all the officers and directors were terminated. The Pacer court information show the filing date, the judge assigned, the trustee assigned, gives you a list of creditors, and even has documents from the trustee requesting permission to keep the trial in place and hire experts to handle that aspect. That is about as clear as it comes. They filed and the trustee is in the process of protecting and then disposing of the assets.
Someone said fun? This is fun? It is fun when people lose thousands of dollars because a few idiots at the top don't know what they are doing and run a company with a potential lifesaving drug into the ground? This is "fun".
No, it is very SAD, not fun. It is fun to go to Vegas and drop money on a table to gamble. If this had been done right they could have saved this company. But the people at the top had no idea how to run a biotech company. They may be the smartest scientists in world, but they were really bad business people. That is why the COMPANY failed.
I follow biotech. I've made a lot of money doing so over the past 20 years. Hell, I made a lot of money here. But I don't do it because it is "fun". I do it TO MAKE MONEY, and if along the way someone is helped, that is great. This is not a game. This is real life. If these drugs work people's lives will be extended or saved. And when you see a disaster like this, you wonder how many will suffer because of what happened here.
If you want fun...there are thousands of web pages with games to play on the internet. Go find one. This is an investment forum.
AI
