Genta - Revolution in der Krebstherapie? (Seite 5300)
neuester Beitrag 05.03.14 13:45:53 von
Zitat von Scania01http://www.sec.gov/Archives/edgar/data/880643/000143774911009256/genta_8k-120211.htm
Und damit nimmt/nehmen auch der zukünftige RS - bzw. im Plural: die zukünftigen Reverse Splits - Gestalt an.
......At the Special Meeting, the Company’s stockholders approved a proposal that authorized the Company’s Board of Directors, in its discretion, to effect up to two reverse stock splits of the Company’s outstanding Common Stock, at exchange ratios up to 1 for-500 until December 31, 2012. The Company intends to rely upon such approval to implement one or more reverse stock splits by December 31, 2012.
On December 2, 2011, the Company received a letter from the Financial Industry Regulatory Authority (“FINRA”) notifying the Company of FINRA’s determination that the Company’s request for approval of a proposed reverse stock split was deficient and therefore would not be processed. The Company currently intends to appeal such determination. There can be no assurance that we will be successful in any such appeal and, if we are unable to appeal the decision or secure a permanent waiver of the covenant requiring a reverse stock split in Section 1.3(b) of the September 2011 Purchase Agreement, the failure to implement a reverse stock split as required would constitute an event of default under our existing indebtedness.