Hier hast du es!
The Company’s Senior Secured Convertible Promissory Notes due June 9, 2011, as amended (the “June 2008 Notes”), (ii) Senior Secured Convertible Promissory Notes due April 2, 2012, as amended (the “April 2009 Notes”), (iii) Unsecured Subordinated Convertible Promissory Notes due July 7, 2011, as amended, issued by the Company on July 7, 2009 and September 4, 2009, pursuant to a securities purchase agreement dated July 7, 2009 (the “July 2009 Notes”), (iv) Unsecured Subordinated Convertible Promissory Notes due September 4, 2011, as amended, issued by the Company on September 4, 2009 pursuant to a securities purchase agreement dated September 4, 2009 (the “September 2009 Notes,” and together with the April 2009 Notes and the July 2009 Notes, the “2009 Notes”), (v) Senior Unsecured Convertible Promissory Notes C due March 9, 2013, issued by the Company on March 9, 2010 (the “March 2010 C Notes”), and (vi) Senior Secured Convertible Promissory Notes D due March 9, 2013, issued by the Company on March 9, 2010 (the “March 2010 D Notes”, and together with the 2009 Notes and March 2010 C Notes, the “Other Notes”) contain provisions that provide that the conversion price of the Other Notes shall be reduced to the extent the Company subsequently issues securities at an effective price below the applicable conversion price of the Other Notes or amends the conversion price of its outstanding notes to a price that is below the applicable conversion price of the Other Notes. Since the conversion price of the October Adjusted Notes will be less than the current conversion price for the Other Notes on October 9, 2010 following the conversion price reduction, the conversion price for the Other Notes will reset upon the adjustment of the conversion price of the October Adjusted Note. Therefore, on October 9, 2010, the current conversion price of the Other Notes will be $0.0396.
http://www.sec.gov/Archives/edgar/data/880643/.../genta_8k-100810.htm |