Replies to post #34447 on Genta, Inc (fka GNTAQ)

[Talc Moan]

I agree, as the PR from April 7. 6 months from the last patient enrolled. So they may have finished in the Mid to end of March, but could not release anything barring some kind of technical paperwork.

Also I thing the stipulation on the force conversion was basicall this.

Genta got crappy financing and had to take it. So in return Genta said DONT BE PIGS and convert once we hit .50 or we will force you too once we are over .50 for 10 days.

Thats how i see it. I say most of the notes have been convereted just looking at lev2 the last 2 weeks with all the new MM's onboard and all the volumn.

Just my 2 sense. Be back in a couple hours leaving work. cheers.

[prussian4profit]

bernie,

Normally I wouldn't reply to a comment like your's to rile the waters, but I feel I should in this case.

I totally agree with you that it is possible that Agenda was finished prior to yesterday's date. However, I believe many, including some of the bigger boys were waiting to buy this as the final days of AGENDA completion were possible. It's obvious that others calculated the 15th to 16th as being the first available day that data was finally collected. The stock slowly starts to build momentum from there. Any of you with access to a 10 day chart can see this. My point is that this has built up since and now many expect some sort of news from the company. I personally hope that compilation of the data is not rushed. With two failures before this, I would prefer they have ALL their i's and t's taken care of.

In regards to Saito, I know him and informed him of GETA and what was coming up. He is just as much in the dark about the actual completion date as you or I.

I appologize for the long post. I look forward to your response and I do like reading your posts.

Best regards,

-p4p

[Learner09]

What do you think the other conditions are?

I'm not very clear why this is even part of the deal. As it states though they can't do anything till the first of the year. What is the advantage of being able to force them? Anyone with help here I'd much appreciate it.

This is the 8K:

http://www.sec.gov/Archives/edgar/data/880643/000114420409047727/v160029_8k.htm


The Company shall have the right to force conversion of the September 2009 Notes, as well as all other senior secured notes, in whole or in part, any time after January 1, 2010, if the daily volume weighted average price of the Company’s common stock exceeds $0.50 for a period of 10 consecutive trading days and certain other conditions are met.


I think your analogy of Saito is correct and he did know the Agenda trial was over a few day earlier than we thought. Always like reading your posts Bernie. Thanks ,Learner

[investbernie]

Navy,

Here it is... Not sure if any of this made sense to anyone, but I was looking at September 30th being the 10th day to close above the .50 mark.

Therefore management, "could force some conversion" come October 1st, 2009. I believe the filings read as .50, and with other stipulations attached, but we don't know these...

Time will tell, but I'm scratching my head in regards to who in their right mind would be sitting on the sidelines come close tomorrow?

Why?... "If" the trial was completed around Sept. 15th-16th, you would have to believe these guys are compiling the data as quickly and efficently as possible.

Question would be... How long before they have it in hand, and let it hit the wires.

Best Regards, Bernie