Delcath Systems Inc (DCTH)

[Tekterra]

This is the same thing they tried to pull over at Cytrx. Read the 14A on 7/26/2017. They are making RS proposal a routine matter where the brokers can vote for you if you do not submit instructions to vote.

An RS is not a corporate routine matter. This company is going to attract a whole lot of lawsuits if they pass RS this way especially if Aryton Capital bought before 7/13 just to vote for RS.

Jenny is making a dangerous step here. Cytrx retracted the 14A calling RS a routine matter. Their RS vote failed with only 50% voted yes.

Some 400 million shares out there, there may have been a good percentage exchanged hand by 7/13. Hard to tell if they will have enough votes this time around.

I would bet they are seeking alternative to sell the company asset or partnership. They can't just sit on their asses hoping RS would pass. If RS fails again, they have no choice but to find a partner or sell.