Replies to post #55018 on Genta, Inc (fka GNTAQ)

[CoderTrader]

I sure hope that is the case...GNTA

[fmrick]

Re- Shorts

Huge jump on the 13th ~ Shorts trying to keep this down ! I think they'll be eating their shorts pretty soon..I think they were counting on the R/S to happen.... now that it's not.. we go HIGHER !

That probably not any real shorts. It is the finance people selling into the hype, then converting and covering.

That is how they ensure that they are never stuck with shares in their account. They sell-convert-cover. Not covert-sell.

Trust me. I've done it before when I was involved in deals like this. The unwritten rule is you never want to be stuck with shares. So if you sell-convert-cover, then you only have to convert what you already sold. The last thing you would want to do is convert 20 million shares, have the volume dry up, and now your stuck. So there is no risk to them, as long as there is enough hype to keep the volume coming. They thank the hypers here for that.

That is why this system is gamed to the advantage of the finance people. That is the reason they are willing to do these deals.