Replies to post #57600 on Genta, Inc (fka GNTAQ)

[fmrick]

Hey Gary, what don't these people understand?

Item 8.01 Other Events.

On August 2, 2012, Genta Incorporated (the “Company), intends to file a voluntary petition for relief under Chapter 7 of the United States Bankruptcy Code (the “Code”) in the United States Bankruptcy Court for the District of Delaware (the “Filing”). Upon the Filing, a Chapter 7 trustee will assume control of the Company and the assets of the Company will be liquidated in accordance with Chapter 7 of the Code.

Further information will be provided following the Filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Upon the Filing, the officers will be terminated, and the directors will resign effective immediately upon the Filing.

It was filed.

So a trustee has taken control.

And all officers and directors (including Ray) have been terminated.

So is this SEC filing a fake? No.

Get a grip people, it is done.

All you are seeing are MM moving shares around. The last people in line in this type of case are the shareholders. Hint- Ray's shares are worth the same as yours, NOTHING.

Sorry, but it is true.

Instead of tying to hype this up even more, why don't some of you find out what the status of the current (former) trial is. That will tell you what is going on. Or are you afraid to hear the truth?