BERKELEY HEIGHTS, NJ - May 28, 2009 - Genta Incorporated (OTCBB: GNTA.OB) today announced that it has scheduled a special meeting for stockholders of record as of May 27, 2009. The meeting will be held on June 26, 2009 at 2:30 PM ET at Connell Corporation Park, 300 Connell Drive, Building 300, Day's Café 2nd Floor, Berkeley Heights, New Jersey 07922. As disclosed in the proxy statement ("Proxy") that has been filed with the Securities and Exchange Commission, the purpose of the meeting will be to authorize the Genta Board of Directors to potentially implement a reverse stock split of the Company's common stock in any ratio up to 1:100. Genta's Board of Directors recommends approval of this resolution. As previously disclosed in the Proxy, if our stockholders do not adopt the reverse stock split resolution, it will constitute an event of default under the provisions of the convertible debt financing announced on April 2, 2009, which the Board believes will potentially result in serious and negative consequences for stockholders that are outlined in the Proxy. Schön das man so ne ernste Sache im Cafe im 2.Stock abhält ! Da gibts dann auch direkt einen Magenbitter für jene die die Spucktüte nicht mit haben :-))))gggggg BG
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