Replies to post #56960 on Genta, Inc (fka GNTAQ)

[cbrad10480]

I just started looking that the new proxy stattement, it says:

For each 25,000 shares of Genta Delaware, a stockholder will receive 1 share of Genta California

In other words, Genta is giving themselves a 25,000 to 1 Reverse Stock Split, in spite of FINRA's
denial of them to split the Delaware incorporated stock..
They are also leaving the number of Authorized Shares at 100 Billion, instead of
reducing it by a factor of 25,000. That implies they have more future
plans to dilute and/or split again..

THAT'S THE BIGGEST REVERSE STOCK-SPLIT IN GENTA'S HISTORY!!!!
Can you say: Please pass the Vaseline??

Gotta get back to reading some more.


cbrad