They are on the verge of destroying any value left. Who's buying? Not "big investors" they know the deal with this company. They are quickly becoming a stock to stay away from.
$3 to .05 - doesn't give me a positive outlook on management's ability to do anything but continue to RS shareholders to resell the shares again.....its called rinse and repeat and they are increasing their ratios with each one. Next one will be nothing less than 500/1, they don't give a rats a.s about shareholders, they are just buying time until a miracle happens(if it happens) and they actually get something past the FDA.
Why would you think that Genta wants to stabilize the share price when they multiply the number of authorized shared by factor over 15 - from 6 billion to 100 billion. How could that contribute to a more stabile share value?!
Its all about being able to cover old notes holders and enable Genta to get new financing in the near future without having to set up another share holder meeting.
This will drive the share price to sub-penny-level for sure and then the pumping will be much easier - and therefore more margin for the dumpers... But I dont want to be too negative, sub-penny and more pumping will be also good for us, if one plays it right next year....and they better have a good tesetaxel story on the line to do so...
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