GNTA - Genta Inc. ( old GETA ) - Page 579

I was Long on Genta years ago, I really thought their phase III drug  genesense  had a shot at being approved, but with it being rejected by the FDA that was the beginning of the end of the company.

They do have tesetaxel, which does have some conceivable value, but will they be able to fund phase 3? Also, they don't have a good history with the FDA , if i had to put money on it, I don't see it being approved. Just my opinion.

Nevermind I didnt see this ...

http://www.sec.gov/Archives/edgar/data/880643/000143774912007573/genta_8k-080212.htm

"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.

Beamer-JLD what is the future to GENTA?

end of the company?

dilute more shares to get money?

new reverse splite to down again?

what is your opinion?

I'm afraid Genta has no future now, it is indeed the end of the company. They filed for a liquidation bankruptcy, not reorganization...

They were denied a reverse split by the FNIRA, which is what brought them to this position. Like i said above, Tesetaxel is worth something... I see them selling the rights for it to another bio-tech, I will be watching for that, but as far as Genta, I would stay away. Unless you want to try and flip some shares from 0001 to 0002 , but VERY RISKY! Good luck!

my vision is..

when nobody believes.. is when big things happens...

I belive in this company, but I dont have money to buy shares because I still have my all money blocked in the AFPW on 0.0006 :-(