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You are trying to merge analysis of company and how investors all too often are. Stock price directions is also for delcath in the short term a very poor indicator for much of recent history. My take is no reason to be positive for upside. Lots of reasons for downside. Bottom line this has been a bad investment for 8.5 years, you should indeed question your judgement. Take if from somebody over last 15 years that has been long about 14.5 of those years
To be accurate I would use the word BITTER. I have been very interested in this company for 15 years. I am happy to judge the company on merits alone. I will give Simpson more kudos than any if she gets this to approval and she might, but don't be surprised if your money takes a beating at least for another 6 months.
Who among big boys could like this? Nothing less could be appealing
Simpson will be the highest Goddess to ever rule over earth IF 100 M or close was raised. Current market cap though is $5 million, you have to read filings to be current, which says 9 million shares to be multiplied by 55 cents. You can file up to $100B if you want to, just like I guess theoretically I could make $100B profit on a delcath position. Seriously I don't know what company expects, but I will lower my chance of bankruptcy in next 6 months to maybe 50 percent to keep a level playing field
Shares outstanding is 9 million as of 10/22 (read the filing) so it is 10 times as hard to run to $5 as it was when about 900K outstanding before the rights were implemented. As well any run up might be killed by company selling shares due to this offering
Currently as of 10/22, 9 million shares outstanding, maybe some of those warrants turned into shares at .01?
Old hat. They did not raise $50 million, only gross of $8 million. Review financing for last 3 years, if there is something interesting somewhere in the filing that comes true, okay then time to reassess
Her favorite song as money vs. love "Any loving is good loving, so I took what I could get"
I think I recognize the drill. If you are a perennial drowning victim you shout confusing directions in various languages to lure in any help. In the end there may be multiple drowned folk, but if the queen is still valiantly struggling, all is well.
It is probably ok to day speculate but don't hold a position overnight. I can't imagine good news at this time, significant good news that is. Bad news on financing or lack of getting financing could come when least expected
Somebody might choose to boast insider buying, NOT ME
Nobody claims making money is a problem, just hard. Nobody disputes that there has been good money made here, June 2017 being the best opportunity, but buying and holding for 12 months without a trading scheme was a guaranteed big percent loss.
It is theoretically possible if Rap did everything optimal on the tail end but on the front end he was operating the opposite of optimal.
A story I completely believe is during part 1 of convertible that ended June 2017, a seasoned risk taker claimed he was in the hole $180,000 which I consider foolish but ended up with a $90,000 profit.
That was a less than 12 month story though I assume.
The only person who can claim long term gains in recent years is Rapture, and at best would be practically impossible to duplicate. If the company can avoid bankruptcy a buy at 60 cents might work out, then maybe a reasonably risky chance but bankruptcy can't be dismissed
Old price charts are of limited value but fundamentally there is zero reason to expect a sustained price rise for a long period. The market cap currently is not even historically cheap for delcath
it is a game playing with sec for an investor. Why here this company? Changing the world if you can has nothing to do with making money or losing it
50/50 chance of another convertible?
Todays large up volume says nobody cares when chasing the buck whether scam or not.
I suspect communication is based on advice from lawyers. The board of directors are visible people. The real scam if any is if enrollment is terribly tiny imo.
I will say message board posters have never given consistently good advice including as far back as 2003 but have wielded much influence at times. How little though fingers are pointed at that absolute fact.
Of course it is message board knowledge that I have been out of the stock during several stretches such as now and nobody discouraged holding the stock more than I from mid-July 2017 until end of November last year
I will argue when being carried to the gates of hell, Simpson will be the great eternal Goddess if the company reaches approval, I will shout it from the highest mountains. If the definition of scam though is leaving multiple graveyards of excessive risk takers and due diligence solely from message boards, well that is fair game like it or not
You don't seem interested in the truth, my opinion
You confirmed multiple active locations, if memory serves. I will concede in my opinion that less than 50 total recruited is in reality a scam, but nobody knows. Keep in mind 50 means only 25 roughly would have been in CS arm. There were though over 90 plus recruited in the first clinical trial. I would love to know all the facts, but even so it is a far distance from bad decisions in investing, for that I have every confidence in the world
Funny, since you confirmed through dd legit clinical trial activity, as if they would post complete falsehoods regarding FDA etc.. How many interim reviews, was is 2 or 3 or do you deny
You can say what you will, but where have the arbitrary moderators been the last several hours?
There were 3 great price surges this year counting the last trading day of 2017. Simpson operates the roulette wheel sortof, quit crying and know when you play, you can be played
You make it sound so obvious there was no chance ever for the company. Nobody including management in the middle of 2015 would have predicted financing would turn so completely horrible. Now on the rights offering, they played people. Still though there may be a 20 percent chance of reaching FDA approval, but Simpson will play you, if you let her. THE REAL JOKE is not getting it right.
You mean individuals who risked money on the stock, and wanted to believe too much in rapid FDA approval. Simpson on the other hand has had to admit to being behind schedule on trials during her whole reign. The corollary to biggest cause of loss was investors in too deep, advocating numerous scenarios. I stopped believing in buyout idea with July filing of 2017, I knew original phase 3 end was for June 2019 as well. The other great weakness for we speculators was hoping financing would go better, it didn't
The biggest cause for loss of money from June 2017 was belief that buyout was coming. A weak idea, but can't be admitted even now
Simpson could have looked in the mirror and said if for example the rights offering delivered enough money, $1.75 was a good price for people. Otherwise your standard for fraud would put lots of companies in the same territory. There is no joking as investors can't expect profit is likely for companies so speculative in nature. We are all folks that took big risks, big, big risks
Real defrauding would be not spending money on the clinical trials and maintaining manufacture of filters, etc.. I will believe the audited results, try again
Hard to guess on those deals, but the last thing delcath needs is one cent shares coming onto the market, the tightest of corners, might as well do a convertible if HB is willing. They might say it is no longer attractive for, seriously
Think again. Every filing that says the company needs lots of money, is doing terrible in finance deals has been the heart of the message for a very long time. The finance deals are murky in nature, but certainly not encouraging. There has not been a half way satisfactory financing in over 3 years, what a magnificent warning at this point.
That is not fraud, it is the other F word, FAILURE. I go easy on Simpson as I would not feel better to replace here with a local arm chair QB
The choice will ever be here: 1) believe Simpson was the great Satan after first that was believed about Hobbs or
2) the company is not attractive commercially or of course it is too simple 3) investors would rather believe posters than what is stated in filings or external evidence
It is thinking like that which caused people to lose money during that period to such a degree. I stick to the facts of $1 by August claims starting in June 2017, etc.. instead of worrying about the clearly stated bankruptcy warning, VOTING NO when it seems obvious nobody wanted to buy the company. The scam to fear is not analyzing in the present or past as should
The IP is expensive to develop and iffy in potential for the effort. At least Simpson style I believe it would have taken $50 million minimum to reach approval, which would still be shy of cash flow positive. And she ran a shoe string operation compared to King Hobbs, the last of the big spenders. Yes, the Goddess may wield more knife stabs in the back, but smart money avoids most of this intrinsic tragedy
Hopeless chance of success does not equal scam for truth seekers
Chicken and egg story. The origin of this story is companies go public that are at no point in their history a valid candidate for public money. It is not up to the SEC to decide what is valid, it is up to investors. A lot of us were conned by other investors and management to overrate possibilities. It is a ponzi scheme aided and abetted by mostly bad investor judgement, but some investors win
The truth is a rights offering was a righteous attempt to raise money by a drowning enterprise. I was tempted but fortunately there were enough tea leaves along the way to doubt the success
The delcath speculation is like trying to win 10 times out 10 which way spit will slide down the crest of the roof
Fraud talk is so misleading. The problem is lack of financing, as Rap accurately said the company could not get out of low gear on that