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Their business plan is to use and discard shareholders as a means of funding. I'm sure they will be giving themselves nice bonuses at years end while entertaining new shareholders because all the old ones were wiped out. What's funny is how most of the dilution occurs at the penny level and never at the high after any R/S
Nosharesam why don't you go apply for a job there. Everything you say is boo shareholders yea management. You sold months ago but post every day. Your intentions are perfectly clear.
Really?????
Right. It would have worked just like the last 2 R/D's.i mean really, look where they got us. Down to 2 cents with 50x1 R/S lol. And they wanted to do 500x1 this time. My shares would have bee worth $60ea! All 200 of them. At least for a day until the short attack starts. Then the beat down back to sub penny in no time.
Now the company is forced to promote the product and move forward on merit instead of using shareholders as a disposable income. Sooner or later the product is going to have to sell itself and now anyone that held shares will be a part of the move, forward or backward. If another R/S passed it would have been business as usual. The shares shorted to nothing. At least now the BOD is forced to promote the product as the shareholders refused to bend over one more time.
The whole R/S thing and the lack of any kind of press release stating what happened points out bug time how management feels about shareholders. THEY DON'T! They send somewhat kind letters when they want you to vote a certain way but nothing when it come to keeping shareholders informed of what's going on. Their fiduciary duty is in the interests of themselves not the owners if the company the shareholders. Hoping this pops big-time soon on short covering or a buyout and management sacked.
So current shareholders should vote yes and sell so new shareholders can get screwed? Thanks for clarifying and in the event of a potential buyout the shareholders who sold will be left in the cold? Thanks for your great advice. What other boards are you offering your help?
Why the frantic posting nosharesam?
Started big holiday weekend?????
Sam seems to think it's the shareholders duty to give their money up to the company. At what point is the product expected to hold it's own not the shareholders?? If a product is not viable it deserves to die. That's capitalism
If Simpson did a bk for spite she and the whole BOD would be the first ones sent packing as they have a proven track record for ineptness . So not a sound theory at all.
So you would rather see shareholders wiped out and management continue?? Interesting. Because if they file for bk management is gone for sure and shares might have a chance. How long have you been paid by management to post on retail holder message boards?
They probably didn't apply for an extension.
They want to do the R/S not so much to stay listed on NASDAQ but so they can take away our shares and sell them to somone else ie: "dilute " so they can burn more cash.
Try again, NASDAQ shows over 400mil shares OS but when notes are fully converted it will be closer to 500 mil. That's why they wanted to do a 250-1 R/S. Then they could have lowered the share count and in a couple months dilute again. Now they have to rely on the product alone since the shareholders refuse to bend over again.
http://www.nasdaq.com/symbol/dcth/stock-report
If the link doesn't work look on nasdaq site.
If you really are a long you would already know this. Note holders have been converting for weeks.
Not accurate. Share count is closer to 500mil
I believe they can file for a 6 month extension in August. As far as the insiders not selling, they hardly hold any shares unless you have more recent info Simpson had a little over 42k and she has the most. They don't really have any tricks up their sleeve. It's going to have to come down to the product and it's effectiveness. No more R/S and screw the shareholders.
You can post that all you want. The BOD called for a R/S to be voted on. If you've held shares here for time you would know how they operate. No transparency and little regard for shareholders. The R/S is their go to tactic. It makes the companyblook good at surface level and reopens the door for more dilution. They have already done it twice.
R/S was voted down but thanks to dilution there are over 200 million more shares and since the vote hasn't happened yet I'd guess the "new" shareholders have a voting right too. Shorts will be forced to cover on case there is good news released so wait and see.
Slim chance the R/S doesn't pass. Part of the reason they ok these toxic finance deals is because it gives them quick cash and they just dilute. Then after R/S and the share price getting shorted back under $1.00 all kinds of new investors that don't bother with DD only see a low share count, low debt and sub $1.00 share price for a cancer treatment company. They don't bother to look at past history of shareholder being wiped out . Rinse/wash/ repeat. Not only will the R/S pass so will them
Giving themselves all bonuses
FDA will be lucky to happen in by end of 2018. They are not even starting the FDA approved trial until end of this year. And it is just a trail
I do have shares. I along with others have been burned hard a couple of times so I'm not easily impressed. We were at 11 2 weeks ago so if we pass that then it's good. Do some investigating yourself and see how many shares the insiders hold. It not many and whenever the shareholders meeting does happen pay attention to the big bonuses they give each other. Come right out if operating cash. Management does not instil a lot of confidence in me as a shareholder.
Don't forget in relation to the cash on hand, the executive officers are going to be giving each other big bonuses at the shareholders meeting. I thought it was happening yesterday. My mistake. Hope it can rally much higher before the meeting whenever that is. What sucks is the executive officers don't own many shares. It would at least be nice to get back to where we were 2 weeks ago this week , over .10
There is a date and it's happening next week. Are you really that oblivious to reality? It's right there clear as day.
It sure is. Read the whole filing especially where it says"record of date for the ANNUAL meeting"
"The Board of Directors has fixed the close of business on April 17, 2017 as the record date for the Annual Meeting. Only stockholders of record of Delcath common stock at the close of business on that date are entitled to notice of and to vote at the Annual Meeting and at any adjournment or postponement of the meeting."
You might want to get your eyes checked.
Hardly insider information. This is exactly the way this company does business. Every time after the r/s was implemented the shares beat down badly by short sellers and was back under a dollar in weeks. That's probably why they are doing a minimum 50:1 This time.
If you had it all figured out than why were you arguing with the guy who said the share price would hitv5 cents? He was spot on. You are a poser trying to spin anything bad good.
If you had it all figured out than why were you arguing with the guy who said the share price would hitv5 cents? He was spot on. You are a poser trying to spin anything bad good.
If you had it all figured out than why were you arguing with the guy who said the share price would hitv5 cents? He was spot on. You are a poser trying to spin anything bad good.
That's sound advice just like the pumpers said before the last 2 r/s, except you're not taking into account the big time short beat down that will happen. Last 2 reverse splits the price closed green for a couple days than all red and was back under a dollar in no time. As soon as the r/s happens so will dilution. That's the delcath way.
The FDA approved trial doesn't start until fall months away and that's what it is also, a trial not FDA approval. I have no idea what insanely successful trail you are talking about. The share price has been going nowhere but down.
This will be the third R/S in 3 years and the 2 previous times the shares were shorted below a dollar in a couple months after so before you tell about all these other stock that a R/S helped this is DCTH we are talking about and business as usual.
Exactly. $3.50 one week than shorted to way under a dollar and dilute r/s again
Somone was asking about a PR. This is a real buzz kill.
Wow! What an awsome trader!penny stock joe! Thanks for the spam!
Welcome to last week. That would be the company press release.
That would be the 16/1 reverse split they did to remain NASDAQ compliant and keep share price over $1.00. They will be in the same boat unless something organic helps the PPS rise. Im not sure how much time they have to reach the $1.00 minimum PPS to stay on NASDAQ but the clock is ticking.
I'm one of the fools who bought in 2014.
Keep pumping new guy pumper but unless FDA approves it not going to be good for awhile unless buyout or merger. The Trump comment is funny. He can't even pass gas right now. Nobody is working with him.
" The SPA agreement indicates that the pivotal trial design adequately addresses objectives that, if met, would support regulatory requirements for approval of Melphalan/HDS."
The PR from the other day was for a "trial" not FDA approval. That doesn't even start until the end of this year. That could take upwards of 6 month minimum. Then there is the question of " objectives having been met". The FDA moves at its own pace