Genta's latest attempt to push through another reverse stock split was denied by the Financial Industry Regulatory Authority. Genta's last financing in September was contingent on a reverse stock split taking place before Feb. 15, which now appears impossible. Genta has over 1.5 billion shares outstanding (and rising rapidly) and the stock trades for 0.0019 per share as of Wednesday.
--Written by Adam Feuerstein in Boston.
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