Replies to post #50932 on Genta, Inc (fka GNTAQ)

[fmrick]

It is already set. If it stays below the strike price for 10 days it readjusts to 10% of the 10 day average. So if the 10 day average is 0.014, it adjusts to 0.0014.

That would result in about 18 BILLION more shares being issued. They are only authorized 6 Billion. So they will reverse it.

Going to get ugly. May never get better.