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GENTA INC Message Board

  • austinag3 austinag3 May 9, 2009 6:35 PM Flag

    Waiting for 1st 200-Bagger Stock

    You get this chance only once in a lifetime. News next week with a more recent recommendation by an analyst of $3.00 price target (2 - 2 1/2 months ago) could rocket this stock upwards. But with the R/S potential, I see this staying between $0.20 - $0.75 / share until the R/S ratio is determined my management, if they should choose to take this route. I feel that they will partner instead by early June with a huge chunk of cash that they will use to retire the $12 million bonds and announce that the R/S will not be necessary. Smart investors will definitely turn down the R/S since the management stated that the shares outstanding will remain unchanged. Never heard of such language in a R/S before.

    Was this loan actually given to the company by the 2 officers so that they could become ungodly wealthy once the EMA or the FDA approved one of their drugs?

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