Replies to post #57103 on Genta, Inc (fka GNTAQ)

[fmrick]

At last count, from the SEC documents filed in the past couple months:

Outstanding- about 6,000,000,000 shares
Debt that needs to be converted- $38.5 million
Current conversion rate- 0.001
Number of share converted would be- 38,500,000,000
Fully diluted: 44,500,000,000
Total Authorized- 100 billion

But here is where it gets interesting.

So post split, assuming the 1:25,000, there would be:

Outstanding- about 240,000
Debt that needs to be converted- $38.5 million
Current conversion rate- $25
Number of share converted would be- 1,540,000
Fully diluted- 2,780,000
Total Authorized- 100 billion

The conversion rate is ABOVE the current price. If that stays the same, the price per share will be $15 and the conversion will be $25. They can't let that stay that way. They must change the conversion rate so that the finance people can convert BELOW the current price. So where will they set it?

Again, assuming everything is the same, if they set the conversion price at a reasonable return for the finance people, then this could survive. Say like this:

Outstanding- about 240,000
Debt that needs to be converted- $38.5 million
Current conversion rate- $10
Number of share converted would be- 3,800,000
Fully diluted- 4,040,000
Total Authorized- 100 billion

Now we are talking. Those numbers are not bad, if you ask me. Sure, you would still be looking at a lot of dilution, but EVERY developmental company looks like that. The price would drift toward the conversion price, but new investors could sit back and wait for that to happen. They can pump the story while it is happening, and my guess is that they would have a lot converted before they need money again. Then do all the deals in the future at a 70-90% discount to the stock price.

That is how you turn this into a REAL company.

We just have to wait to see if they try to keep scamming or come into the world of investing.

Their choice.