I agree that with the buy volume outnumbering the sell volume we should absolutely be moving up in price, thats just simple supply and demand, but we are not and it is weird. Some say the D word and others MM manipulation, but until we get solid movement up or down we just don't know and continue holding. This is my last post for the day, see you at 9pm PST.
u seem confused and nervous? if u have shares r u worried holding and thinking of selling...or u don't have enough want more and worried about missing the ride up but afraid to buy? I don't get it what is ur position?
I'll tell u mine..we r a group holding now 28 million shares accumulating more everyday down here and will hold for .20...since we know for sure there will be no r/s and that all the hoopla is part of a bigger picture u will learn of soon enough.
Prsch I was going over the SEC filing and numbers seems i spotted something odd. Now in the past you know that I found the 0.0052 bottom by averaging the two issuing of the convertible bonds. But while looking at the filing in February I realized an interesting thing.
We know GNTA can only issue 6 billion shares which is why they want an R/S. We also know that the 1st financing issued 2 b shares and the 2nd one issued 3. that combined with the curant 1b shares would makes 6b.
But there is a big problem in Feb Genta filed that it had issued 459.6 shares when the financiers got scared by the FDA rejecting the appeal. That means that the 1st financing does not hold 2b it only holds about 1.5b meaning GNTA still has the power to issue 500m shares by it self.
Now I am not saying the 500m shares were issued but if GENTA issued the shares themselves it would be some time before we find out. Unlike the documentation required for the conversion of the bonds shares issued by GNTA will only show up in the profit filing which is going to be on 5/15.
The bottom line is : 500m shares at an average price over the 3 weeks of April price of 0.01 will be $5m in free cash( unless they sold in to the big Friday of 0.025 which mean they have 12.5m). If they just cashed in on the shares they now have more money and may not even need an r/s for a while. Plus since the shares were sold and the price held strong the upside can be insane.
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