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.