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2-3 year FDA approval, LOL, says who?
you'll be satisfied on Monday when you see stock price.
Read the whole thing buddy
I said they weren't planning to do variable pricing offering the HB style to destroy current stock holders.
This is a fix $ pricing deal very very niceee actually.
ohh i see, then we are friends then
cover your short buddy if you are short.
Do we look worried by any means?
no HB anymore, SILCON VALLEY BANK do you read that?
3$ fix price deal and the money will be paid back to them in six months at 8% interest rate for first 3 million ish $.
bottom line stock price will not go down below 3$.
this is the way you do business Jenny.
I will say good job to her on this deal.
There are lots of parts i'm trying to read over the weekend.
to me this is what they are looking for
1) significant revenue generation in next 6 months
2) Nasdaq launch (almost guaranteed)
3) FDA approval in next 6 months
and being a stand alone operation starting sometime next year.
Jenny did her best so far with this deal.(this is part of trust winning back will take time thing i was talking about yesterday)
trompete Behave,
you only worry if you're short.
It's not looking bad at all so far!
reading the whole thing!
New 8-k came up!
I am not against you in everything.
But it's too early to say that they did good and they had to do to survive.
That will need lots of proving from their side and return share holder value without milking them constantly.
I have no interest for BO if that was to happen it would go for 8-10$ range.
I have my interest for them to run stand alone and do right business deals.
Money is necessity for business but has to be done with good business skills.
I'm interested in seeing 100$ plus price and this being the only RS they had to do and launch back to Nasdaq some day to be the best company ever!
all these can be done it's not that hard.
There is a long line of investors willing to put millions of $ they don't fear losing money by FDA denial or anything they fear Jenny and crew that's why your said smart money is running away.
and it will need lots of proving to prove the market that they have finally survived and capable of running on their own.
They also will have to buy their own stock to ignite that confidence.
and there are many good suggestion to take this to next level.
NOT against them for them for us for humanity!
Sam,
Another example we made her hustle and made her run for her life.
Does anyone here cares about how they will survive for this year or their medical insurance and how will they feed their kids.
This is example of that golden parachute tactics, they are hustling, we made them hustle!
"Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 20, 2018, Delcath Systems, Inc. ( the “Company”) entered into an Executive Agreement with each of Jennifer Simpson, Barbra Keck and John Purpura (the “Executives”). The Executive Agreements provide for the payment of severance to each of the Executives upon a qualifying termination (a termination which is involuntary but not “for cause” or a termination for “good reason” as defined in their employment agreements with the Company) to be paid within 10 days of such event as follows: (i) all base salary owed to the date of the qualifying event, (ii) a one time lump sum fee equal to the Executive’s monthly base salary for a term of two years for Jennifer Simpson and 18 months for Barbra Keck and John Purpura, and (iii) COBRA payments should the Executive remain on the Company’s health benefit plans. The Executive would also be entitled to any annual incentive payments due by March 15 th of the following year. The term of the Executive Agreements continues until terminated by mutual agreement of each Executive and the Company."
Why do you say after you run out of money Bankruptcy is next option.
You know they had buyout offer few years back and they denied it.
do you know about that?
just tell me she did fiduciary duty to suck money from market all these years and do 4-5 RS.
Just say it denying BO in the past they did favor and that way great use of money!
Sam,
Speaking of NO vote, I and other convinced other thousands of investors to push for NO vote.
BK was not in the mind, change of management was in mind.
Jenny is good at her PHD stuff, and that's what we wanted to do.
We wanted to punish her and run for her life and wanted to make sure she works hard if she wanted to survive, We wanted her to hustle last 8 months back.
Do you see the POWER of NO vote, she's hustling and ditched HB and their interest sucking loans!
one of BOD quit and Pedder was born, all because of POWER of NO vote.
She works for us, she's a labor has been told to innovate, we the investor had the POWER so we showed.
She took revenge though but look how hard she's working.
Imagine a scenario where they got Yes vote and she would have been careless about HB's holding their patents and doing anything innovative and on Nasdaq this would have been just another summer where new load of investors may be gotten sucked up!
WE the investors have WON!
she remains the public labor servant working for public company not owning any stock so get no right to decide!
WE showed her the way how to work hard, looks results are so beautiful.
BK is good actually very good now because someone will take this one over and she loses all or becomes a manager of a big company and works like a labor not CEO.
There will be another voting for Board member selection IMO, we will show her the way and show her how to work hard, you watch it from distance and watch the show!
this is not charity, she's a public servant, she does what public says not other way around!
Don't believe me,that's ok, i'm not asking anyone to buy.
Putting my thoughts and connecting the dots to justify my current investment.
Those are all guesses based on facts mentioned in SEC files over the course of 6 months!
you keep saying Bad is coming bad is coming, define BAD in DCTH game?
stock price is stable since about 70 days and and they are making progress toward FDA trial hopefully little more push in revenue in last 2 months keeping them alive(what's wrong with that?)
In Bankruptcy situation with ZERO debt in situation like Delcath.
after paying monthly expenses and salary all the money goes directly to Share holders.
BUY IT ALL if you see Bankruptcy word anywhere in filings.
Why?
the patents were valued at 35 million $ 2 years ago, i would say FDA approval being close those patents are valued over 100 millions.
so all that goes to stock holders( us and those hiding investors).
but here's the thing jenny or BOD doesn't own any single stocks so BK is out of option in this situation.
so 0% bankruptcy chance knowing jenny, and even if that happens longs make shit load money(along with those hiding investors)!
If I had to play with numbers if they do a new warrant deal and sell 12 million warrants/stocks at 3 $ to get 36 million $ cash and put their patents as collateral
new OS will be 13 million and if they work hard to maintain 3-4$ stock price
new market cap will be over 40 million $
nasdaq launchable
sweet deal
everyone wins
in the 1 year the hiding investors will execute their warrants/stocks over 10$ easily when they are on Nasdaq and have FDA approval.
Who can argue this idea?
short squeeze round 2 are you ready?
bought 47,000 today, let's go!
Yup you're absolutely right, ROTH was the one!
On February 9, 2018, Delcath Systems, Inc. (the “Company”) closed a registered offering of 212,000,000 shares of common stock, 38,000,000 pre-funded warrants to purchase 38,000,000 shares of common stock and warrants to purchase an aggregate of 500,000,000 shares of common stock for total gross proceeds of approximately $5.0 million. The offering was priced at $0.02 per unit with each unit comprised of one share of common stock (or one pre-funded warrant) and one common stock purchase warrant to purchase two shares, provided that, with respect to the units with pre-funded warrants $0.019 per unit shall be paid at closing and $0.001 shall be paid upon exercise of each of the pre-funded warrants. The warrants carry a five-year term from the date of initial exercisability (which is later of one year from the date of issuance and date of amendment to articles of incorporation to increase number of authorized shares of common stock) with an exercise price of $0.02 per share.
Roth Capital Partners, LLC acted as exclusive placement agent for the offering.
The securities were offered pursuant to a registration statement on Form S-1 (File No. 333-220898) previously filed with the Securities and Exchange Commission (the “SEC”) and declared effective on February 7, 2018. The securities may be offered only by means of a prospectus. The final prospectus related to the offering has been filed with the SEC and may be obtained at the SEC’s website located at http://www.sec.gov.
you sound puzzled buddy, how they are running after 31st May.
You have the answer think hard! well not that hard you have the answer.
and no one said to bet on today's event!
in private presentation if they putting out any new significant info that has to go public in SEC files!
There was no SEC files before presentation, so that was expected!
She didn't sound nervous at all, she sounded like there is no worry at all.
Almost like deal is done and she's not worried about financial situation.
and it felt like ROTH sent her she didn't go on her own!
stock price is stable since last 2 months, everyone is still interested no one has left the game yet!
only shorts left the game after they got burned 300% 4 weeks back that's why it feels dead, it's no where near dead!
All the interesting things happened after march 31st quarter close and we won't know till August 15th second quarter filing deadline.
List of interesting things were
1) RS
2) ICC trial initiation
and many interesting updates after 1st Quarter close!
Think hard you have the answer how are the accelerating spending without worry!
"They never advertised out of money next week as statements were always made for monthly intervals, it is not Mr. Spock demanding figures to 3 decimal places."
Sam,
Proof they are out of money next week as advertised in 05/10/18 10-Q page 33.
At March 31, 2018, the Company had cash and cash equivalents totaling $2.0 million, as compared to cash and cash equivalents totaling $4.0 million at December 31, 2017 and $6.4 million at March 31, 2017. During the three months ended March 31, 2018 and March 31, 2017, the Company used $6.4 million and $3.8 million respectively, of cash in its operating activities. The Company believes that its capital resources are adequate to fund its operating activities through May 2018.
disagreement on some of the highlighted items.
The last two reverse splits have killed all credibility with management.
(how? last RS was at 2.5$,we went to 6$ and we are at 3$!, seems like a good deal so far) Even if they were needed to survive, would you buy into a placement with Roth or whoever and expect anything different(yes, something along the line of FDA approval). There is zero institutional support and no activist on the BOD.(NO,so far more than 8% institutional support and management may quire stocks any time with in 30 days as per last S-1 ) The stock is only worth trading when it hits sub 10 cents and then mike spike from time to time(sure who doesn't like 300% bounce!) . Tradable when there is ample liquidity but a minefield at these levels. Look at the volume now. It has dried up because there is really no interest.(volume is dried up because no one is selling cheap and shorts ran out of short stocks!)
There are a few pumpers left here but they have no ammo.(if you believed those pumpers/fact tellers you would have bought below RS level putting fear on side) This is a story of terrible management and unsavory connections to funds that are taking no prisoners. It is a shame because they have a product that can enhance a quality of life. Just have the wrong business model.(Agree on they don't have much business sense so they need to get kicked out!)
The real question is would you as an investor benefit with your investment at this level if they get kicked out by following scenarios?
1) BO
2) Partnership
3) Bankruptcy
4) Hostile takeover
I would say in any of above situation you would get 4-5 times premium on your recent investment.
Get ready of everything, they are out of money next week as advertised!
because some people can see what others can not.
Put emotions on side and don't let history get into ways.
I'm all in on DCTH again.
Last time i was all in was when this was at 1.35$!
GAME ON!
I thought nasdaq launch needs minimum 50 million market cap.
Correct me if i'm wrong?
Who has seen a company being launch on Nasdaq with 4 million market cap.
any one has seen this before?
If in your definition if there was a gamble I would describe the gamble this way.
the gamble was on Jenny's attitude, will the bit** be evil or not that was the only gamble before Nov 2017.
And I bet on her head thinking she was not evil and she would make it right but I lost the gamble.
Fast forward six months to May 2018 I'm gambling again(in your definition).
This time again the 1700 stocks bets on jenny's head, will the bit** be evil or not?
that's the only bottom line here.
Sam,
"people who lost money gambling on delcath are criminals when they sue."
I highly disagree on this, no one was gambling, to my knowledge most of the people were investing and please remember this is public company, they work for public but they act like this is their own shit!
People didn't lose money gambling, let's just be very clear on this.
People lost money on not knowing loop holes.
I and thousands of others voted NO in 2017 RS because they did not deserve to continue if they didn't have money.
The reason for NO vote was to push them for BO or push them to work hard to find other options.
So people didn't lose money on gamble they still had faith that Jenny and company will have a sense of fiduciary duty, but they found loop hole which people didn't know they would use it for getting yes vote.
Is there anything illegal in that, i don't think so because from our invested money they have the best lawyers out there to protect them from us by using our investment(no kidding).
Is it ok to sue them if anyone finds they did wrong by law? Absolutely YES.
don't connect lost money and connection of finding loop holes to fu** shareholders dot together.
do they still have chance to make it right? i think so, will Jenny and company be evil and do the same thing again? may be!
Is it ok to sue them if they do something wrong? absolutely YES!
remember this is public company they work for us, they don't own any single stock to the date.
that was me who mentioned that, you need to learn more about the difference between regular and pre funded warrants.
Some one gave them money 5 million $ cash and asked all the condition so their investment don't get wiped out.
You think whoever gave them 5 million $ cash 3 months ago in this sinking ship is not worried?
by the time everyone realize the difference between the warrant deal before and this one it will be too late IMO.
and yes i also said before this RS is different too.
In fact believing that just after RS I found nice opportunity to load at 1.36$, those nice opportunities can only be seen if you knew how this deal was laid out, and there was nothing there to dilute right away.
again i'm not 100% confident how the warrant pricing will be laid out, but the investor who will start making money after 10$ are the ones who runs the show.
So i'm averaging around 15$ if they make money I make money if they lose money I lose money.
How do i make sure they are still in the game and not left while i hold my investment, 13G, Aryton capital is still holding their original 32 million stocks are now 64,000 stock, about 7% holdings.
"James historically speaking 10Q is a nonevent.U know that "
In last November in middle of HB's ass kicking dilution with more revenue generated from Europe it did 140% in a single day.
Do you know that?
As an investor it is ok to bet for surprise in revenue boost from Europe.
Do you know that?
historically speaking Quartly report may hit anytime now
05/09/17 10-Q Quarterly report which provides a continuing view of a company's financial position (Tuesday)
05/04/16 10-Q Quarterly report which provides a continuing view of a company's financial position(Wednesday)
05/06/15 10-Q Quarterly report which provides a continuing view of a company's financial position(Wednesday)
05/07/14 10-Q Quarterly report which provides a continuing view of a company's financial position(Wednesday)
Hey DAyNGER would you confirm out of my own curiosity that you started buying again as per your post yesterday?
are you still in the game?
Hope you didn't sell at the wrong time!
I would personally like to see longs win or recover some of the massive losses.
If you are on ignore mode i can respect that too.
Good luck if you still hold Jennycoins!
me too i'm curious too.
closing above 6$ or 0.01$ pre RS level would be something today
Who's pumping?
I don't see anyone doing that!
this time if this crosses 6$ you'll get your 10$ thing today!
but no promise, thought if you want to make money again like Friday trading this
oops!
try in about 30 minutes!
it's coming around 2 of Friday in about 30 minutes
just tell me you bought and sold again? Lol
nahhh no need for account showing! lol, that's too much.
just want your trading thoughts for tomorrow.
We both know this is not going under without any update.
What you say this does another 200% or not?
Lol yes you are being investigated Sir!
Can't benefit from short squeeze alone!
Seriously when do you buy and sell tomorrow?
Why so secret buddy? you're open to lot of things about DCTH
would you answer the question and confirm did you made profit on Friday or not?
And what's your trading strategy to make money while you say it goes under 1$????
Very curious.
What price did you buy on Friday and when did you sell?
I'm no fan of this management's choices till last year!
100 % agreement with of your thoughts on mgmt and their choices!
Can you still make money here? may be if they behave well with new hope created!
if they repeat same crap again, it's game OVER!
some of my expectation from next week
1) Quarterly earning report (most likely)
2) FDA progress (may be) (if this info leaked somewhere this would explain Friday)
3) Big announcement in Tuesday's conference(may be) (they have to announce in PR first)
4) form 4, management acquiring stocks (may be) (this would explain Friday)
5) Warrant deal price finalization( most likely) (hopefully above 10$)
6) SC 13G,big institution going big (may be) (this would explain Friday)
golden parachutes expired on April 6th 2018 exactly, jenny was suppose to accept it by then if she wanted that deal, they are in fear of being taken over, don't deny that please.
and about they running out of money by end of this month.
04/20/18 POS AM file page 35
"we have sufficient cash to operate for the next 90 days, and we do not intend to enter into any sort of variable priced financing in the future due to the highly dilutive nature of those financings."
Lol i'm glad you made money on Friday, good job!
Are you planning to make more tomorrow? please post that as well.
Who ever is investing should read their SEC files to make sense that this is not scam, unless someone proves it otherwise and lawsuits them.
This was from S-1 file released on 04/09/18
"Risks Related to Delcath’s Common Stock
The market price of Delcath common stock has been, and may continue to be volatile and fluctuate significantly, which could result in substantial losses for investors.
The trading price for Delcath’s common stock has been, and the Company expects it to continue to be, volatile. The price at which Delcath’s common stock trades depends upon a number of factors, including historical and anticipated operating results, the Company’s financial situation, announcements of technological innovations or new products by Delcath or its competitors, its ability or inability to raise the additional capital needed and the terms on which it may be raised, and general market and economic conditions. Some of these factors are beyond the Company’s control. Broad market fluctuations may lower the market price of Delcath’s common stock and affect the volume of trading, regardless of the Company’s financial condition, results of operations, business or prospects."
NO i'm not kidding at all, there is a thing called trading with skills.
I'm not a trader by any means, i'm only an investor.
But lots of people are doing it successfully even in this mess.
Point was not about trading with skills, point was about trompete made money trading this in spite of his mammoth warning about this SCAM and people should not buy this and this going under 1$.
Don't believe everything you read here that's my point.
Do you own DD and research!