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BioRecruiter

04/14/09 9:34 AM

#18693 RE: surfmore #18689

If they get a partner it will skyrocket and they wont need any additional cash. As a holder of millions of shares I would love for this to happen but it's not going to in the next 100 days which is when they need to do the R/S. If they had a partner lined up on the terms that Genta wants they would not have had to take a loan for 6 million with an interest rate of 480,000,000 shares. The R/S and dilution hurts everyone including the CEO of Genta who has over 50 million shares. All the potential partners are waiting for some type of news from the Agenda trial which will not happen for 6 months. If they had another pharma company who was interested it would have been made public by now and there has not been any real news as of late that would change anything. As I said I'm long millions of shares and I feel that Genasense will get approved but I believe the share holders are going to get crushed until some Agenda news comes in.