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Genta Incorporated Message Board

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  • Minn_sea Minn_sea Apr 2, 2004 8:48 AM Flag

    Most Biotechs Are Raising Money Now

    here's the facts - dilution percentages:

    19% of Total shares outstanding
    34% of the Float

    I would assume the company is expecting good news to bolster stock price in light of this significcant dilution.

    They have plenty of cash so I expect this horde must be targeted for an acquisition, like more initiative into iRNA. I am dissappointed in the lack of visibility into managements motive on this "out of the blue" action. I would hope for a conference call ASAP!