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Not sure....looks like focus of the media wrath has shifted to Goog now....FB with buy back shpuld continue to trend up IMHO.
Unbelievable...$100M to be raised by issuing any number/kind of securities....LoL ...secured by what? Such farcical S3 ...how can this fraud can be allowed to go on for so long? Emerging growth company my foot....
As Individual retail investor, not really since most brokerage houses for retail investors do not have this stock in inventory. Only one or two allow otherwise it's mostly the big sharks who are shorting and playing a game since they have more and selective knowledge than average Joe like you and me. Speaking from a limited personal experience ofcourse.
I am just waiting for a class action or investigation that exposes this obvious ponzy scheme...
They probably signed non compete clause prior to leaving. So not a threat to FB.
Recent issuances of Senior Secured Convertible notes...while there is a rights issue being offered....smells very fishy indeed....history is cursed to repeat itself, unfortunately. Question is what is the secured asset..Jenny's yacht.?..'cuz the patents have already been pledged to somebody else....in my humble opinion
Good to hear! Cheers!!
"Portal", if revealed this month, will be massive success for Facebook!
Your description of Jenny is just a figment of your imagination! We all can paint a picture any way we wish.....that does change the reality a bit....I believe her Karma will take her to its logical conclusion.....wouldn't say the obvious...lol
You must define what "Goddess" means to you, 'cuz from where I see it from....she a'int Goddess at all....she is just an Alien may be more convincing ...LoL
In my assessment, an extension for rights issue has to be imperative because of size of the funds needed and BoD reputation. It's only an opinion. Waiting for extension tonight.
The answer lies in the first sentence of your post#45318. Management is non-trustworthy at the moment.
When bleeding profusely, not very many options are left. Instead of stopping the bleeding, DCTH Board and Management is looking for more blood donation bottles. Cavalier Jenny, has NO fiduciary accountability, however doing a Rights offering and some loose connection to India is a good sign. Hence, I anticipate a really good news or really really bad news by Friday. Oh no...I am beginning to write like Sam...covering both sides of argument in the same note. Anyway, who am I to opine....LoL.
Rights is just built to get current shareholders commit to something that will ensure continuity in case there is not much subscription (likely), a quasi debt financing at the expense of rights holders exercising the right. It's smelling very fishy....IMO
For some reason I am getting a tune in my head.........There she goes again... racing through my brain... pulsing through my vein... no one else can heal my pain....
Sam's Goddess.....or Medusa...
So the rights are at no charge. It's like a call option with strike price of $1.75, hence the current share should be worth more after the announcement. More like 4.50+ per share...until record date. Correct?
Not sure of the motif here, perhaps they plan to use DCTH as vehicle to list on US stock exchange a foreign company by assigning foreign assets and making the foreign entity as subsidiary through Bahamian entity, which is 100% owned by DCTH. Like China hustle, every player including the investor have their own game plan. Nobody in financial world is benevelent....this is merely a pure speculation at this point. I have no basis as not enough information is available. But a possibility, cuz like you say, nobody gives 50M to poor financial track record company and calls it for good cause.
Read my pinned note, they are moving to Indian Ocean for fishing now....they just don't that it's an un chartered territory and there are other fishermen and boats that know those waters well....IMO
Sam's Indians are actually true east Indians.
I like the fact the Rights issue is for all common stock holders and not just a select few.
Raising 50 million with ~27 new issuance I.e. ~28 M outstanding, makes rights offer at ~$1.80 per share. This is really good from financing perspective and for the share price. Restricts shorting, cheaper issuance and more controlled dilution.
Record date for Rights offer appears to be June 11, is that correct?
True...but which way? ....lol
Thanks RDW. You've answered your question.
Having said that this looks so made up like the fictional character Chi-Fu in Mulan or master Shifu in Kung-Fu Panda.....perhaps the goddess and beast (Stoll) went on a date for movie night out and came up with this idea...LoL.
http://disney.wikia.com/wiki/Chi-Fu
Please folks, desist from personal attacks, helps no one, hurts oneself. Focus of this Board is Delcath, not the posters. Right to Ego belongs to everyone, but please no personal reactions, let go, hit the ignore button. You folks are intelligent bunch. Diverse views add to perspective. Enjoy the weekend folks. Cheers!
These subs are just for Tax efficiency purposes, don't read too much into it.
It was a mosaic theory based on Dr. Pedder joining this dilapidated enterprise. Medusa has been on the other hand protecting herself against b/o by introducing poison pill and Change of Control executive contracts provisions
Don't get me wrong I have not liquidated any of my holdings and still waiting for a white Christmas in 2018....just skeptical...China Hustle and Roth connection shook me...anything is possible for the blood ..I mean money....by Sam's goddess Jenny or Medusa
No they did not. It's Just a disclosure of BoD and Committees in that section along with 5% holders. What is interesting is that who are 'Registered Direct Investors' from Feb 2018 offering (Sam's Indians)...Asia Pharma US non-resident or John Lau's crooks from HK?
Duped so many times by Jenny that I am skeptically optimistic now.
3.9 M prepayment when 2.4M in proceeds is one expensive financing...more than 50% in just 3 months....does not make sense at all. They will never prepay...
No they do not need to pay until maturity, its convertible, they already have the money. Next offering will be to fund the operation which is mgmt salary, convertibles repayment is not a priority, there own salary is the priority. There is no news about the trials and its progress, its all about the money news, all the time that comes out of PR. Presentations by Jenny talks about the future not the present state of trials...that's the worry part
Rap my belief is as good as anyone else's,
IMO NDA is a "Mirage" that gullible and get rich quick thirsty new investors keep falling for, the closer you get, the farther it appears. Jenny's game plan is to keep milking this Delcath cow one way or the other showing the NDA mirage, even if she has to throw current shareholders under the bus. There is no fiduciary or Agency responsibility in this self serving CEO. Her credibility is at the bottom of scale at the moment IMO. Be careful and cautious. I have been burnt and hsve once bitten, twice shy kinda feeling with this stock.
Roth has yet another successful hustle with Chinese investors. Substantially Jenny collaterlized the patents again to keep her and other stooges salary. The term for 3M face amount date is SIX months, not sure how will they pay it. All the revenue is used paying Mgmt Salary. They will continue to dilute. Then conversion in SIX months will be way too expensive.Chinese are not stupid, they will go after the patents.Hudson Bay repeat with Chinese face this time.
Only hope is right to try picks up. Sone how colorectal treatment allows use of Chemosat.
Fiduciary duty to who? Select shareholders or all shareholders, former seems very convenient and conflicted interest, Isn't it?
Colorectal Cancer treatment.....using Chemosat.....that's a big leap to big market.....good bait for new investors for next 3-4 years...see a jump coming....IMO
NO BK. Announcement tomorrow.
Turnip.....you have a lot of time man...seriously. Market is closed. Sleep, the DCTH earthquake is coming tomorrow....take cover.....LoL
Awesome News....see the DCTH list up on Nasdaq and sky rocket and then some dilution then more revenues and then FDA....and them buy out....climactic dream sequence....LOL....but looks more and more plausible...
Not a clue...awaiting notification to book flights...
Just a guess from your IHub Info that shows Austin Texas, where perhaps you have retired now.
Sam - Which High School did you go to in Texas? Your Language Arts teacher must be proud of you!
Well said!
Good points. Do you know any lawyers who will take this on?