Delcath Systems Inc (DCTH)

[SAMNOTSAMUEL]

You got 2010 when market cap reached $600 million wrong. That was based on the original phase 3 results being anticipated in 2010 asco. In retrospect I consider that occasion totally nonsensical valuation.

It is hard to say when the current phase 3 ends (assuming no bankruptcy) whether more like $250 to $300 million or $600 million.

There is no scenario where we reach that kind of stage with less than 150 million shares. I think it is more likely a reverse split and over 500 million shares of current structure. So, middle of the road $300 million with 400 million shares and middle of 2019.

So anywhere from bankruptcy or other massive disappointments to 75 cents or more in either 2018 or 2019 or 2020 or even 2021 but the later the date the lower the price target also, maybe a massively lower price target