So, $12.7 million, or actually up to $12.7 million: this is the latest definitive agreement for financing that Genta Incorporated Inc. (OTC:GNTA, GNTA message board) entered into. At the same time - the journey down continues as the stock price is now $0.0071 per share. This is actually the closing price yesterday. Yet to see what the last day of the week would look like. 
Something else that came out recently is the announcement about Genta presenting at the Rodman&Renshaw Annual Global Investment Conference. Whether due to this coming out yesterday, or for some other reason, more than 54 million shares exchanged hands. Another result is the 17% decrease in the share price. Now, it is worth-mentioning that shorters also had a busy Thursday. Out of the above 54 million shares traded, 26 million trades were due to short-selling activity.
In the meantime, activity in financial forums also soared on GNTA-related topics. Now, interestingly, the major notion presently seems to be how to make money out of it now, instead of count on sustainable growth in the future.
On the other hand, it might be high time for a major change since the balance sheet of the company indicates an accumulated deficit above $1,000,000,000 already. While some iHub posters might be correct when stating that there are possibilities to make money by investing in this stock in the short-term, the overall future of the company looks uncertain.
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