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"The Squeeze is on in Delcath Systems, Inc.
At this time, carrying a capital value in the market of $2.24M, DCTHD has a significant war chest ($5.3M) of cash on the books, which is balanced by virtually no total current liabilities. DCTHD is pulling in trailing 12-month revenues of $2.7M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 4.1%."
https://oracledispatch.com/2018/05/05/squeeze-delcath-systems-inc-otcmktsdcthd/
lol call from SEC and she says why didn't you call me when i brought it down from 12$ to 0.003$ in 5 months?
point to be noted here everyone.
No one is pumping this or have being seen pumping here.
Everyone was almost dead and were ready to quit including me.
I put my stop loss limit for 0.99$ but then this happens.
So it's not about this happened because anyone is pumping it.
It's about figuring out why this happened?
my take
1) naked short covering who were waiting for warrant deal and shorted.
2) Jenny's hostile takeover fear is in play! and to avoid that she did rushed RS even thought there was no need and it backfired!
thoughts?
If this was not naked short covering is hostile takeover tactics in play?
someone is trying hard to get them and Delcath is in hurry to protect them self being way undervalued!
thoughts?
good move! but you'll never know.
Question is why it went up? we'll worry about down later.
This is still at 0.01$ later, not excited yet
i didn't say before or after i tied that 1000% with pre funded warrant, this was not just any RS to wipe investors out!
10$ next destination to match 0.02$ pre RS prefunded warrant deal price!
hey trompete remember i said something about 1000%?
hope you din't short.
i am almost convinced that this was being naked shorted in a hope of warrant deal
but that hasn't happened yet so they gave up in a week.
glad i didn't give up
3 things to look forward in next 10 days
1) ER
2) money raising plan( higher than current stock price/ merger/ BO)
3) FDA related update(long shot)
my bottom line I will exit if this drops below 1$ and never look back again
only thing is that as per some condition in S-1 statement 1 split per year is written, unless this was the last split before FDA then jackpot or else same shit over and over!
my bad you're right about AS!
https://finance.zacks.com/split-stocks-count-against-authorized-shares-10955.html
Agree on this "The management is the poison here. They lost the trust of the market, nobody wants to buy this shit."
But how will they run their $ printing ATM if no one will buy this.
I'm ready for BK as an investor, but she won't BK!
reverse split accounts for OS and authorized shares as well.
as of right now Outstanding is 870k(based on 435 million OS pre RS)
Market cap 1.52M
and they can not issue more than 2 million stocks, they will need vote to do that IMO.
knowing jenny and her greedy friends they would not kill their $ printing cow(Delcath).
Driving down delcath to BK will not help her in anyways. she can't even get severance package and she doesn't own any stocks so she won't get anything from BK proceedings.
Please note on paper there is no debt except recent 5 million $ taken from hiding entity.
In the event of BK in my knowledge after BK proceedings employee will get their $ for work they have done which is less than less than 2 million $ a month.
anything above 7 million $ out of BK proceedings should benefit share holders IMO.
But guess what Jenny won't let that happen because she won't get anything out of BK.
so to conclude this is poison pill tactics IMO, unless they update something tomorrow to say it otherwise.
One more thing OS is 1000 million max authorized = 2 million max stocks after 500 split.
So they can't go above 2 million stocks without taking vote again!
I'm out of guesses now
Poison pill tactics is my best guess if this goes down continuously this week!
There is no warrant deal finalized yet, this is company selling their stocks.
If you remember 3 weeks back OS was 435 million OS and last week they reported 485 million OS.
With 1B authorized stocks I will guess based on short numbers being reported company pushed 50-60 million more stocks in last week.
These are not warrant holders who is selling, they are losing money just like us, they bought at 0.02$ per stocks which is now 10$ after split for them to break even.
Unless they are preparing for BK and selling everything they have in hand.
Has anyone experienced similar situation? does shareholders get anything out in the event? or company just damages itself to avoid hostile takover and never report anything outside what happened behind the doors?
"takeover attempt or to delay or prevent changes in control or our management. For example, without further stockholder approval, the Board could adopt a “poison pill” which would, under certain circumstances related to an acquisition of our securities not approved by the Board, give certain holders the right to acquire additional shares of common stock at a low price, or the Board could strategically sell shares of common stock in a private transaction to purchasers who would oppose a takeover or favor the current Board"
you're right, i'm afraid of making too much money and paying too much tax, absolutely right!
Lol whatever makes you happy.
Your job is to investigate(nothing)!
My job is to make money, so I will do that tomorrow!
Enjoy!
ALL,
focus on Jenny and DCTH, this is not a play ground!
Bring positive and negative with reasons!
"There is much going on in cancer research and trials right know"
name a few companies to invest, let's balance the portfolio.
It has to be direct competition and doing exact same thing!
I have been raided in November too, so i feel your pain.
Just translating what i'm seeing business point of view.
She's in deadlock(Perform or Die)
that's the beauty of prefunded warrant, it's not same as before!
They are working on 21st April as per 8-k, Saturdays, they are in hurry of some sort.
NO RS so far only stock increase.
Sounds like partnership or some sort, It's about time for that hidden 218 million stock holders to come out.
remember NO RS so far it's a good news, tied up with pre funded warrants.
let it break all the upward boundaries, remember Jenny is running out of time and money both!
10Q maximum 45 days after quarter close.
So max 3 more weeks to go
Sam,honest question, weren't you expecting 0.006$ offering?
We are seeing 0.02$ offering what changed?
What are we missing here?
haha, aren't we all scared?
you're not alone. but wait for more clarity.
This change in offering terms is something unusual!
did you initiate your position like you said you may?
If it was signed it would have been public, this is still a public company.
last day was 6th April, this is 10+ more business days.
BK is great actually MONEY MONEY MONEY MONEY MONEY.
No debt proceedings goes to directly share holders..
Almost like buyout in this unique case!
BK BK BK BK BK BK BK BK (MONEY MONEY MONEY MONEY MONEY MONEY)
NO DEBT
NO DEBT
NO DEBT
NO DEBT
NO DEBT
NO DEBT
NO DEBT
Lol you're funny now, so you think Delcath is Jenny's cow?
I AM THE ONLY ONE WHO CAN MILK THE SHIT OUT OF IT!
haha
wait we are the cows so far, why am I laughing?
tickerpicker on the topic of golden parachute.
That deal had the expiry of 21 days and has been expired on 6th April Midnight.
That was to protect hostile takeover before voting closes.
For what reason no one knows yet.
Can we still speculate something good is coming absolutely yes.
Is there a guarantee of good things coming no.
proof 8-k 03/26/18,
20. Expiration of Offer. The offer contained in this Agreement will automatically expire at midnight on the twenty-first (21 st ) calendar day after you receive it not counting the date of receipt (the “Expiration Date”). After you have reviewed this Agreement and obtained whatever advice and counsel you consider appropriate regarding it, you should evidence your agreement to the terms of this Agreement by dating and signing both copies no later than the Expiration Date. After you sign the Agreement, you should promptly return one copy of this Agreement to Human Resources, with a copy to the Chairman of the Compensation Committee. You should keep the other copy for your records. If you do not sign this Agreement by the Expiration Date and promptly return it to Human Resources, with a copy to the Chairman of the Compensation Committee, then the offer contained in this Agreement will automatically be revoked and you will not receive the separation pay or benefits described in Section 2 of the Agreement.
Thank you for your service to Delcath. We wish you well in your future endeavors.
Sincerely,
DELCATH SYSTEMS, INC.
And i have to agree with that too.
I also have 0 trust on management so far with the path they have chosen by burning share holders again and again.
But only taking a shot due to a change in strategy and different method of doing business.
What i sense from my DD is that if they don't perform well with this new pre funded warrant they won't have any thing next but to BK them self.
And this time i'm ready for BK as well.
On other hand if someone finds legally for doing wrong and declares lawsuit or some sort i will be the first one to be happy.
Take it easy!
Ok great that makes so much sense now.
Only difference between you and me is i'm betting before things gets better or in a hope of things getting better, it's a shot with calculations, could go wrong.
When things will be declared better it will not sell cheap that's why i'm here.
I'm convinced with your intention here.
I will not bother you from now on.
that's it watching?
I feel like you're doing more than just watching here.
I'm still confused, who has the energy to just watch this?
ohhhh so you cover at 0.003$ hmmm interesting..
But i was planning to sell you at 0.03$. damnnn we are 10 times far apart from each other.
How about we both settle in middle at 0.02$ next week?
Would you cover at 0.02$ next week?
We are negotiating again, last time we negotiated was about correct info form SEC file.
You were saying immediate dilation to 1B and i was saying systematic money raising with in 1 year.
but you agreed at that time that it was systematic money raising.
Would you also settle this time to cover at 0.02$?
hey buddy,
Welcome back niceee to see you actually.
Just wanted to make sure you don't walk away on a nice Green day.
Please stay here and do your thing, it's helping.
Thanks again!
Well it seems like today is not a good day to write a post.
It's being moderated to keep this down i think.
I'll try it this way without saying names but we all know who this one belongs to.
If this gets deleted this platform is short only territory.
Where you hiding T**,come out of closet already!!
feeling little concerned buddy?
950 % ish more loss to go...
Will you delete this as well?
JAJAJA i will, don't panic please, don't panic!
That's ok shit happens, please don't panic.
oh I WILL I WILL don't you worry.
Would only sell when you cover in panic that's the rule
reminder your 1000% loss journey has started today!
GAME ON!
let he dance with whomever she wants, she's gonna make me green with her dance this time i can promise you that.
back to green dance trompyyyyyyyyyyyyyyyy