here's how I started measuring good news VS bad news lately.
if stock is up news is good if stock is down news is bad.
Let's find out tomorrow!
good luck.

you are arguing with one of X hopeful investor!
this 180 K was borrowed to pay back DGF for interest so they don't go on default route and get all the patents under their name!
Hope I am wrong and you make money.
If you are wrong you lose If you are right you win and I join the bounce.
win win!
get it?

beginning of another death spiral,
i.e. borrowing money to pay interest


Item 1.01.
Entry into a Material Definitive Agreement.

On April 19, 2019, Delcath Systems, Inc. (the “Company”) borrowed $180,000 from an institutional investor and issued a promissory note to the investor. The promissory note has a principal amount of $180,000, bears interest at the rate of 8% per annum and is due on October 18, 2019. The note contains standard events of default and remedies therefor. The Company’s obligations under the promissory note to the institutional investor are secured by a lien on the Company’s assets.

hope you're enjoying this, 40% down of last Thursday's close is 0.087$, just saying! sorry for predicting it wrong, didn't know it would take couple days to get there!

could we safely say forget about last ER, next ER is due in 3 weeks?
today looks like DGF took a break from dilution it seems like

GAME OVER!(for retail investor)

stock opens 40-60% down tomorrow!

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Simon Pedder resigned as a member of the Board of Directors of Delcath Systems, Inc. (the “Company”), effective April 10, 2019.

The decision of Mr. Pedder to resign is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.

LOL let's talk about your bankruptcy is coming closer than you think comments, let's discuss that in detail!

Is it friday now gatekeeper? LOL

says who?

experts are out with selling advises righhhhhhhhhht...are we bankrupt yet?
who was the guys who kept saying the STORRRRRRRRRRRM IS COMINGGGGGGGGGGGG

one more time CFO created this deadlock because of her inability to read or understand the warrants deal!

let her go this is best opportunity to make a move if they are willing to do anything!

now I am thinking starting from 3 years ago she must be the one making stupid deals and trapping every time because of her inability to do dealings!

let me give you exact timeline since when company stated doing messed up deals

Barbra C. Keck joined Delcath as Controller in January 2009, was promoted to Vice President in October 2009, to Senior Vice President in 2015 and to Chief Financial Officer in 2017.

LET THE CFO GO or the whole company sinks!

YES 1 stupid person on management team can bring the whole company down!

We are seeing the live example!

it's not whole team it's just 1 person who needs to GO!

hey bankruptcy specialist what's up?

are we bankrupt yet?

storm 3.0 is my patented term please don't use it without proper licensing and authorized used or else my lawyer will see you ;)

storm 3.0 will be ultra positive or ultra negative, nothing in between!

Delcath is known for extreme fear to excessive euphoria like situations.

few examples as reminder

1) RS failed - 1400% ish euphoria in June 2017
2) RS passed 2018 - 400% on daily euphoria in May 2018
3) subs pre closing euphoria - 700% in 3 days September 2018

and mini 200-300% euphoria bounces here and there.

remember Jenny is not the kind of person who would let it go like this.

Looking forward from distance to participate in next Euphoria from extreme fear if that happens in about 2 more weeks!

take it easy!

that's what I have in mind Sam, clear the court case get the 1 shot 20-25 million $ financing and medac being real, clear lift off.
But company has lot of proving to do.
Sideline is best for me in this unknown zone!
watching the show from distance and ready for re entry in the event!

winning court case and getting new investment with proper terms will cause bounce of the history.
Be ready to trade, that's all I am saying.
doesn't hurt to watch the show and ready to jump back in the the event!
everything happens in less than 2 weeks time frame.
and why are you keep repeating only 400 K in bank.
They also got 1.56 million $ at 8% interest which is nonconvertible.
IMO they are covered till end of this month!

On March 29, 2019, the Company exchanged all of its Series D Preferred Stock (with a stated value of $1,160,000) and received $400,000 in proceeds and issued a senior secured promissory note to an investor with a principal amount of $1,560,000. The note is due on April 1, 2020, bears interest at 8% per annum and is nonconvertible.

I would say they should let CFO go on this mistake!

this is good opportunity to make it right if they ever want to come back again with pride!

Fire the number lady Barbra C. Keck on this biggest mistake ever!

agree on that, I will admit one more mistake when I said the company is trying their best and it's a recovering business and it appears that they are not doing stupid deal and silly business decisions.
Feb 2018 mistake came back like this, who told them to sign without reading this kind of warrant deal.
too bad if they became careless or stupid to agree on exploding warrant deal!
I have zero hope now, whatever happens happens now! it's on to their financial low IQ!

last time DE convinced so hard to the whole board to sell their stocks on open market before subs around 2.5 to 3$ and sign up for subs to buy at 1.75$, trapping lot of people's capital in to subs and then this thing ran about 600%.
Cheers to his DD and very thoughtful advises.
sometimes I wonder...................

now I am kind of feeling sorry that I threw a stone at barking dog!
reminded me of this

"You will never reach your destination if you stop and throw stones at every dog that barks.”

Thanks for opening my eyes, I am no longer invested, so why waste my time?

Over & Out!

Last post.

you shouldn't be coming back here to see my opinion. you have never contributed anything and still barking!

don't jump on to BK that fast!
Jenny is the kind of person who will not let it go.
She will do anything and do all shenanigan to keep this going.
hook or crook this will go on!
Will the current shareholders benefit that's the question!
I sense dilution has started as well, who's diluting?
company?
DGF?
or those Feb 2018's settled investor?
or I am wrong and it's all retail panic and shorting.

Situation is exactly what happened days before RS of May 2018.
It was shorted to death and then did monster bounce along with long quitting and buying back in panic.

All I am saying is game is not over, A killing trading opportunity is coming up, probably bigger than any other stock has seen so far in entire 2019.

Just don't know when!

we shall see, game continues.
Don't conclude anything too fast too early!

haha again

oh also will you participate in the bounce event like you did on May 4th when it bounced 400% on a single day?

Don't lie to your self at least

you said you would bring FBI and authorities is about to the operation down.
Are those claims same as your out of court settlements or different dreamy lies?

In this case they took people to court.

All I am saying is you have no right to laugh now yet!

Game is unknown and anything can happen!

thousands of people are watching this, don't underestimate anything!

FYI all 1500-2000% bounces were created like this.
There might still be killing trading opportunity present.
The investment wise is risky!
You can laugh when they shut the doors or you bring the FBI in.
laugh now.
get it?

what a shame!
management goes to any limit!
We can't control them.
I would not even think of getting in before seeing their balance sheet & new investor deal!

sold at 17 cents today all out.
This is gamble and I don't want to lose it all like last time!

Why would I sell?
18 weeks away from NDA filing and hedge funds are behind to take 50% of company for free, investor is ready with may be 100 million $ investment with S-3.
only 3% OS got traded, give me a reason to sell besides fear and ohh DCTH has always done this and that.
Think beyond, this is not any normal investment, and that's what I signed up for!

punch line "it is literally a matter of life and death"

MAKE THE DELCATH GREAT AGAIN NEXT WEEK!

court settlement next Monday!

would you say now this rumors were true when they came out but it's on hold till this court case is settled?

https://rumormurmursbuzz.blogspot.com/2019/02/out-of-jaws-of-deathdelcath-systems.html

Out Of The Jaws Of Death_DELCATH SYSTEMS $DCTH To Reveal New Significant Investment In Company From Top Wall Street Institutional Fund

read all the court documents and conversation company said they have investor ready to invest long term.
outcome of case is unknown so that's the gamble.
but court will most likely force them to settle like all other parties did.
These 3 "predatory" hedge funds has to get the heck out of the game!
I am holding what I have right now currently at 28,000 stocks.
it's a risk but reward seems too good!

who was the guy who kept saying the stoooooooooooooooooooorm is coming?

After they win this case the new investor will invest big $$ amount to launch back on Nasdaq and get them file NDA and FDA approval, they may need to do an RS but it will be the best RS the long term investors will ever face!

Cheers, MAKE DELCATH GREAT AGAIN!

case details

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=QVLVIo1hCawSC2_PLUS_TfqmRMA==&system=prod

NATURE OF THE CASE
1. This matter is extremely urgent: It is an attempt to save a company that
supplies a potentially life-saving treatment for liver cancer from predatory hedge funds. It is
literally a matter of life and death.
2. As of March 25, 2019, Plaintiff is negotiating to obtain essential capital so
that it can continue its operations. Plaintiff has found itself unable to raise the capital, however,
because Defendants contend that the Series D Warrants they own (the “Warrants”) are
“exploding” warrants that would increase in value disproportionately if Plaintiff succeeds in
obtaining additional funding. Certain key potential investors have informed Plaintiff that they
would be willing to invest if a court determines that Defendants’ Warrants are not “exploding”
Warrants, but not otherwise.
3. If Plaintiff does not obtain additional funding in the coming weeks, Plaintiff
will face substantial additional financial challenges and may be unable to obtain additional funding
in time to continue its operations. If Plaintiff is forced to cease operations, cancer patients will
likely be deprived of Plaintiff’s proprietary treatment.
4. Plaintiff did not intend its Warrants to be “exploding” Warrants. Plaintiff
agreed with the Placement Agent it paid to sell the Warrants that they were not “exploding.”
Plaintiff’s SEC disclosures do not describe the Warrants as “exploding.” Plaintiff is unaware of
any representation to any of the Defendants that the Warrants were “exploding” Warrants. A large
majority of Warrant holders have exchanged their Warrants for securities that do not “explode”
and they are priced on the assumption that the Warrants did not “explode.” In addition, the
provision in the Warrants that Defendants rely on to argue that their Warrants do “explode” cannot
sensibly be read that way.

and also this one too from today's 8-k " issued a senior secured promissory note to an investor with a principal amount of $1,560,000. The note is due on April 1, 2020, bears interest at 8% per annum and is nonconvertible."


key point here is " is nonconvertible" meaning someone gave them loan without asking for any equity?

who in a right mind would invest 1.5 million $ without any equity in a nearly bankrupt company only to lose it all?

I think we are on to biggest things here!

we probably will find out after these old mess is gone.

My new money calculations says they should be ok till end of May and there will not be need for any new money deal till then!

but wait we were told that authorities will bring this whole fraud down and SEC and FBI will raid them and close this whole fraud down?

We were not told that company will take fight and take prior damaging investors to the court and delcath is so more in demand that everyone wants piece of it?

First Hudson bay wanted piece of it and now this.

I think this is going other way around? isn't it?


This is call house cleaning process and they getting rid of old mess and entities out of equation for real turn around.

point to be taken Delcath will not let it go anyone that easily they will give a nice fight!

Let's see what tomorrow brings?

or those 3 Feb 2018 investors are trying to acquire the company since last 2 months in the name of Feb 2018 deal and hence company is hiding and issuing them self 0.281$ stock options which would accelerate in the event!