Replies to post #43846 on Genta, Inc (fka GNTAQ)

[redbudal]

Hey Mr.Smitter!Long time no see.ANOTHER R/S?I'm shocked!Not!Sad.

[guy-robert]

TESETAXEL is gonna cause this stock to explode sometime late this year or early next year.

yep and after the r/s il let this settle down a bit and buy like crazy, im patiently waiting until they get that approval!!

[investbernie]

Smitter,

Almost there. Want my cash back, and I have full faith that they will do a wonderful job of running her up once again.

Best Regards, Bernie

(Still watching, not ready to put chips on the table just yet.)

[My4ntoy]

smitter.... Thanks for the hard work put forth in the detail below. I have not been a share holder of this stock for long, but like many of others have seen its value diminish. I am waiting to average down in hopes of increasing my gains, when details of TESETAXEL are released.



Posted by: smitter Date: Sunday, April 18, 2010 2:01:44 PM
In reply to: None Post # of 45086

Attention everyone.


I just read the entire R/S proposal. Genta States they have to do another R/S because they don't have enough shares based on there obligation to there financing. There Authorized is 6 billion shares.


Same as last year. I am starting to wonder if this is really gonna get bad soon.

It also States Genta has to go through with the R/S prior to Sept 17th, or they have to pay a cash payment on B, and C shares Based on there March Purchase Agreement.

I will post and Outline all of this.

So Long term Genta is saved again by another R/S, Short Term depending on the PPS i would be careful picking an entry point. I am un sure if there really gonna dilute all 6 billion again or not though. Here is some info and the Link.
http://www.sec.gov/Archives/edgar/data/880643/000114420410018762/v180055_pre14a.htm



According to the terms of the Securities Purchase Agreement dated as of March 5, 2010 (the “March 2010 Purchase Agreement”) under which we issued and sold the 2010 Notes, if we do not effect a reverse stock split on or prior to September 17, 2010, we will be obligated to pay each investor who is a signatory to the March 2010 Purchase Agreement a cash payment equal to 0.75% of the principal amount of all B Notes and C Notes purchased by such investor for each day from September 18, 2010 until the reverse stock split is effected; provided, however, that we are not obligated to make any such payments in excess of 100% of the principal amount of the B Notes and C Notes purchased by the investors in the March 2010 Financing (as defined below).

Under the March 2010 Purchase Agreement we agreed to issue $25 million of units (the “2010 Units”), each 2010 Unit consisting of (i) 40% of a B Note, (ii) 40% of a C Note and (iii) 20% of a D Note. The March 2010 Financing closed on March 9, 2010. In connection with the sale of the 2010 Units, we also agreed to issue warrants (the “Debt Warrants”) to purchase senior unsecured convertible notes (the “E Notes”) in an amount equal to 40% of the purchase price paid for each such 2010 Unit. The issuance of the 2010 Units and Debt Warrants in exchange for $25 million is referred to herein as the “March 2010 Financing”. It continues on you can read more by following the link above


ALSO



As of April 26, 2010, we had (i) 6,000,000,000 shares of authorized Common Stock, of which xxx,xxx,xxx shares of Common Stock, par value $.001 per share, were issued and outstanding

ALSO


There are currently not enough shares of Common Stock authorized under our certificate of incorporation to cover the shares underlying the 2010 Notes and therefore any authorized but unissued shares of Common Stock that would be made available as a result of the proposed reverse stock split will be reserved for issuance upon conversion of the 2010 Notes.

We do not have any plans, arrangements or understandings for the remaining portion of the authorized but unissued shares that will be available following the reverse stock split that will not be reserved for conversion of the 2010 Notes.

Bottom Line this year is gonna be up and down, If we tank sub .01 It will prob washout in the R/S and it will be ok to buy.

My Guess .005-.03 Are all safe points to buy and Hold. But who knows with Genta.

TESETAXEL is gonna cause this stock to explode sometime late this year or early next year.

I really hope this is the final R/S

I hope everyone finds this useful

Smitter SMTT