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OrnateSilk

08/02/10 11:23 AM

#45295 RE: fnyack #45292

No. The exact amount does not matter anyway and here is why: The whole reason for the reverse split was that there were not enough shares left to convert from Genta's prior financing deals. So whatever the OS is at this point, you can be assured it will increase. By how many shares is really anyone's guess.
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fmrick

08/02/10 11:23 AM

#45296 RE: fnyack #45292

I did some figuring last night.

The Float is about 8.5 million.

Best I can figure, the Fully Diluted number is around 57 million.

I got that number from the last 10K, and doing a little math. It is also logical. I think the Authorized is 5 Billion, and we know they had to do the R/S because the Fully Diluted number exceeded the Authorized, so it that would be a number above 5 billion pre-split, and 50 million post-split.

The 10K was a few months old, so some of the finance people may have converted since then.

It would be nice, and real simple, if the company would have given those number in the PR. But I'm sure they don't want people to know.