Replies to post #54050 on Genta, Inc (fka GNTAQ)

[fmrick]

No, read the terms of the deals.

Some of these notes are secured by the assets of the company. The terms require the R/S. So no R/S, the finance people own the company.

They have to do the R/S.

This could be tired up in court for years. But it won't because GNTA does not have the money to fight that long.

But wait, who are the finance people who would get the assets of the company if they default? Answer that question and you will figure out what is really going on here...