Replies to post #32796 on Genta, Inc (fka GNTAQ)

[fmrick]

4.) From Ray's mouth The convertible notes are locked up and won't be converted anytime soon.

Did he actually say that? Is this presentation on re-play anywhere? Because if he said that and even ONE note gets converted, then he will be guilty of securities fraud. I've read every SEC document filed in the last 3 months and I don't see anything that stops the note holders from converting. I can find plenty of restriction on what the company can do, but noting that says they can't convert.

If anyone can point me in the direction of an SEC document that states that, please do, I'd love to read it.

[fmrick]

OK smitter, you are contradicting yourself.

In your item #4 you said-

4.) From Ray's mouth The convertible notes are locked up and won't be converted anytime soon.

Then in #9 you said-

9.) Retail is not selling right now, It looks pretty obvious, That if you want to buy shares 85% of the sells are from Note Holders IMO. So the more Retail buys the less is going to be available come Agenda time. Which should move us even stronger.

Well, if nobody can convert, how can the note holders be selling? The only shares they have are from converting notes.

So what is it, are the note holders converting and selling to meet the demand, or are they "locked up and can't convert soon"?

Plus, you said yourself that Ray said +500 million. You only get to that number if all are converted. So he must think that they are going to all be converted, if he is throwing around the +500 million number. IT IS BETTER THAT THEY ARE CONVERTED FASTER, NOT SLOWER. So why would the company want to keep them from converting?

For me it does not matter. I've been using 600 million in my models for the past month for projections through the end of the year and 1.5 billion through the end of next year. But some of this is VERY misleading.