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the amendment was negotiated between "the management" and "the investors" (who gave financing in july round).since investors like tang have their own skin in the game now, these investors have to watch for their interest, by putting these restrictions on the management..
The detailed SEC filing is available here:http://www.sec.gov/Archives/edgar/data/880643/000114420409042427/v157477_ex10-1.htm
I don't care for "Rodman and Renshaw" at the bottom of this, but hopefully, these PIPE financiers are scared #%#@less with the new scrutiny given to manipulators. If Genta gets a clean financing, even with dilution, it's a homer.