Replies to post #51185 on Genta, Inc (fka GNTAQ)

[STOCK_GAINER6]

Fmrick might be right for normal financing conditions with this stock, BUT, noteholders can write off losses from tax AND noteholders made extraordinarily gains in the past. So they might do something different, which is also written down in the filings, but the effect for shareholders will be competely different than expected. But also be aware, that the "issue" then only moves to a later occasion. Nobody knows.... Place your bets. That's all you can do. And let's talk a little about Genta's products, too.

These 1 Billion shares need not necessarily hit this stock at once. Ray might sell them off in small portions (Ray does it all the time, when pps is between $1,00 and $0,01). And noteholders can opt against share converting and write off notes from tax.

[fmrick]

I will need to read the SEC financials to make sure you are right on target. I do not mean to insult you when I say that. But people have been wrong before including myself!! If you are correct about the billion shares out there, then there is no hope short of a miracle to prevent GNTA from going below .01. Naturally, I hope you are wrong.

The original finance deal was about $31 million. As of today, we think there is about $26-28 million still to be converted. They convert at 0.014 per share. So actually it will be closer to 2 billion. If the price stays too low for 10 days, they re-adjust the conversion rate LOWER.

They are authorized for something like 100 billion shares for a reason. They know they will have to keep reversing this every few months just to stay afloat. They they have done two in the past year, and already have authorization to do another reverse (at up to 1:100) approved. They will need it.

Trade it if you will, but this will go back down as soon as the noteholders start to dump. They have done this over and over in the past. Shares bought just 3 years ago a worth something like 0.00001 today.