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Enjoy the beach!
Yeah, I saw that. I just wanted to let that poster see his DCTH claim value was... not good.
Well if he paid $546,700 last June... that would have gotten him about 11,000 shares post-split now worth about $385.00
He must be pissed.
I like how they posted the 'before the drop date' and the 'after the drop date' pictures of the buyout. Thanks for sharing.
It's nice to dream but I have to agree with Sam. There doesn't look to be a rush to acquire this company.
If the Buyer took a position... they can wait to announce.
At this point, all I need to see is the printing press stop with a PR stating that. That's my first renewed buy signal.
WISHLIST:
After that, I would like to see a revised 'options' plan for the CEO, etc. So we can factor that in (it would be nice if she altered her comp to be less salary and more options).
Then I would like to see a large buy-in by (of common shares) the CEO, the BOD, as well as the Executive followed by the CEO admitting to a very difficult 2017 and being excited about 2018 and her vision of returning the company to it's former Market Cap with a promise of regular PRs while they move through their current Phase 3.
Any potential buyer (who has a position) would want this as well.
They get the run up and any tax benefit from acquiring the co as a whole will still be there.
Look for a double-wedgie death cross.
I will be looking for the Golden 'Tee' cross before adding.
Has Mike P talked more about his 'team member' who added at .75?
Why would he have done that if the terms of sale are @ .5/Share?
Just curious.
Thanks
Or as some new guy had suggested... 100% down! ;)
Go to Pizza Rock (original location down by Zappo's HQ) or Rocco's (Summerlin location) in LV... worth the drive from LA!
I prefer a good dry-aged steak but... NY White (done right) is still awesome.
Agreed.
Thanks for your efforts.
The dark days are behind us.
With the pie growing smaller and the share price rising, it will only build into the momentum we've being waiting for.
Have a great weekend!
A couple of weeks back, I commented on a 1,000,000 share purchase that happened at .036. That cost the buyer $36,000.... it's currently worth $70,000 (provided they held).
I have been long here for years and I've see many try to shake the trees in the dark days. I believe we are in the early days of a golden era for WDDD.
Some of us were able to average down to a point where we are nicely green; possibly at a double (looking at you WhiteOwl, if I remember correctly).
Stay strong. Don't sell too much if you need to take some profits.
Remember: The majority of the O/S shares are held by a group friendly to Thom. I don't see them selling ever. They want the control and the special dividends. What I'm saying is the 'Active Float is MUCH less than people think or see online.
To a great 2018 for all longs here!
TP,
Knives are not the issue... as long as a predictable bottom can be determined... my question is not about the juggle but how deep is the pit.
$1/share sounds great... but based on what?
No one can establish that as a real possibility until the printing stops.
All the best.
I hope Jenny's team makes you rich. I feel there is plenty of time to add and make large dollars if it's momentum turns. Need to wait for that trend change.
H2004,
I didn't mean to single you out. You were brave in posting that and thank you for doing so. I understand the desire to average down.
The issue is... if you rebuild your 700,000 position in DCTH, which looks tempting, what is keeping the co from another RSplit?
What gives you the belief this is close enough to the bottom?
A company that crashes it's stock to lure retail investors in to pay off a small loan and get some pocket cash doesn't value their own tech. Hundreds of millions of dollars in goodwill was destroyed.
The Market is telling you it was never worth that so why will it go back up? If the buyer offers $50,000,000... by the time the printing press slows down is that $.50/share, $.20, $.001 share?
My point is. The value only comes when the printing stops.
That's when I'll take another look.
I hope this turns out good for you and all the longs. Everyone who bought in here deserves a large payday for the risk DCTH has asked you to take on.
Why chase this falling knife?
Hopium is all there is here at the moment.
As long as shares are being printed, this will lose value.
Even if the share price stays the same... your possible return shrinks.
I can't see this going back to a dollar without the taps being turned off and proof that DCTH has it's patents back (no liens, etc.)
I like the possibilities of the tech but all the PRs have been old news recycled used to sell shares. This company couldn't get any further loans and suffered an epic collapse in shareprice just to get their small debts paid off.
What is the rush to print? Only thing that makes sense is a buyout but without a bidding war... the buyer will low ball.
I need to see a run that gets momentum behind it and that looks sustainable. It's just promises from a CEO who has no love for her shareholders
The guy who has 2000 shares post split... means he had 350 times that before or 700,000 shares. If bought at .06 (pre-split) the cost would have been $42,000 which is now worth $75.00. He wants to buy more?
I like the tech, I like the buyout story, I like the FDA approval.
BUT: This company has no fear of printing shares to fund it's future. Too risky at this point.
The company WILL survive. Maybe as a division of a larger company but many shareholders will never see a return on their investment.
I will look at it again once the Printing Press is off.
Until then... not worth the risk.
Anytime. Doesn't mean it's going to happen... just some tells that point in a direction.
I'm sure you know this already but personal attacks usually mean they are getting paid to post.
This is a Board for ideas to be shared in either direction. I wouldn't waste my time on those who go outside of that either.
LEVEL II: Sure looks like 3 MMs are working to keep this share price is a very tight range... Selling on the Open Market rather than doing a bought deal here? Looks like it.
Sam,
extinguishing the debt took out possible objection by the lenders who held the patents as collateral. The company can now make a deal with no interference from other parties.
Using this event to drop share price allowed companies that speculate to buy large quantities of shares on the cheap which they can pledge votes towards the buyer's deal without any one group holding more than 5% which helps the deal stay quiet until announced.
The only questions for me is timing and how rich an offer?
My main concern: I am waiting to see an 'options reset' for Directors, Employees and of course the Executive.
This 'quiet period is a great time for insiders to use as cover to make buys.
As you know (this is for others): Jenny did the right thing here. Anyone who doesn't see that doesn't understand Fiduciary Responsibility. In a BK, equity would be wiped out.
BTW: This company will have no debt and it just showed the World that it can do an equity financing so BK is not an issue.
Because the sooner you do, the faster the debt gets converted.
Or Short and help others get better prices.
It's just short term Trading. The big thing to watch here is how different this company is from just 60 days ago. Debt gone, float has been cleaned up 350-1, REV in Europe, new Director:
Simon Pedder, Ph.D.
Director
Simon Pedder, Ph.D. Dr. Pedder joined the Delcath Board of Directors in November 2017. Dr. Pedder is a scientist and pharmaceutical executive with a 30-year career in drug development. He currently serves as Chief Business and Strategy Officer at Athenex, Inc., a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment of cancer. During his long career in drug development, Dr. Pedder has held several leadership positions including President and CEO of Cellectar Biosciences, President and CEO of Chelsea Therapeutics, Executive Officer and Vice President of Oncology Pharma Business at Hoffmann-LaRoche, Life Cycle Leader and Global Project Leader of Pegasys/IFN and Head of the Hepatitis Franchise at Hoffmann-LaRoche. Dr. Pedder led the late stage development and commercial launch of multiple proprietary pharmaceutical products, including Pegasys®, Copegus® and Northera®.
It will be fun to see the Shorts scramble when the next PR drops.
Pigs get fed, Hogs get slaughtered.
I still see a buyout here... time will tell.
Amen. So true.
And those screens will add to the base (as you know; saying it for others). More people who buy in, base continues to grow. Larger the base, more following the stock, more following the stock, larger the benefit to the share price when the co drops positive PRs.
Jenny did what she did to allow the company to survive. It wasn't pretty but the ends justify the means.
Today was brought to us by Claytrader, no?
He is usually Short... I didn't bother to watch his latest but I assumed he is again Short.
If his minions were selling while MAXM wrapped up his selling...
there will be a bounce when the retail followers of Clay get trapped.
Should be fun.
Amen to that.
Y'all have a Merry Christmas.
Thanks. I don't generally get into the soft side of the business.
The 3 witches from MacBeth is my guess. That or it's the usual lone wolf in the basement of his Mother's house who feels it adds cred to use the plural... or has multiple identities.
Tax loss benefit here makes it worth it now. You are focused on the product, I am not. I am more interested in the mechanics of the financial benefit. 2017 has a higher tax rate than 2018 will have (expected). The product is a bonus, not the main benefit.
These kinds of transactions occur all the time.
Hopefully.
Could be Short covering... or accumulation.
As for the Poison Pill... I think we covered this last week with the appointment of Dr Pedder to the Board. No need, this is welcomed by Jenny.
With Europe already monetizing DCTH products, I see it getting bought sooner rather than later. Why pay full price for a company if the future is fairly certain.
At these prices, the tax loss benefit alone takes care of the cost.
A mature company needing the tax break can easily justify this small acquisition... it is easily justified.
After Trump's Big Day yesterday, this Buyout offer could happen at any moment.
I still believe this is happening:
Looking4BIGcash Friday, 12/15/17 07:50:14 PM
Re: Rapture2020 post# 27627
Post # of 28126
2017 was a bad year for DCTH, we all know that.
I believe we are in the throws of a sale. I've been here before.
Who bought all these shares that were dumped? It was a perfect time for a possible acquirer to pick up cheap shares while removing a financial obligation.
I expect 'the Buyer' picked up millions of shares at less than .10/share. Soon they will make an offer before they have to disclose how large a position they have.
They will offer a price they feel will encourage investors to sell. Let's say $1/share. They will only have to pay the $1 on the shares they don't already have. The value will look much higher that the price they end up paying because of the cheap shares they bagged.
DCTH will be a division of a company listed on the Nasdaq, Jenny gets a win, and the Buyer gets a company on the cheap.
Agreed.
Stocks trade on future expectations.
When people rehash the past it's a clear sign of fear-mongering.
Once this Settles, WDDD will be Assigned a Multiple.
I would caution anyone invested here not to sell once ATVI Settlement is announced as you will be leaving much money on the table. Don't think that once ATVI has settled that it will simply be a division between Susman (contingency), debtholders, and the balance divided by shareholders. Why?
The first settlement is the hardest. All the other infringers become much easier to collect from.
With the long list of infringers and the forecasted settlements that will be made using the ATVI as a model, a multiple will be given to the share price based on this new REV stream.
To keep this money machine humming, The current majority of shareholders (former debtholders) will payout special dividends to pay themselves as shareholders (which means we get paid too) while maintaining their majority ownership and control of the company.
Kidrin, with his 25,000,000 options+ will do well on this as well.
That's good news. He wants the special dividend as much as we all should.
To a great 2018!
MadP,
When we talk about 'it only takes one', that is a backstop to our investment here. I don't believe anyone thinks we will only get 'one' especially because we are already beyond that.
That 'one' is an expected return of capital at minimum.
When this goes to trial and in the current environment that is quickly showing it is pro-patentholders, any settlement will be in multiples of 100's of millions.
Why? Anyone can see how ATVI never honored the patents, didn't accept a reasonable license when it was offered, abused the process (including using Bungie to cause financial harm to WDDD), and was overall a bad corporate citizen. Treble damages AND high punitive damages are clearly on the table. This is well beyond lost REV.
Gaming online with Bethesda, ATVI, Bungie and so many others is dependent on our patent to be able to do what they do. Their Billions in REV (per annum) owe WDDD for their success. They know it and tried everything in their power to crush WDDD financially. Didn't happen.
They can't even buy us! 1) we're protected from that by law while we go through the legal process 2) Debtholders converted making them majority shareholders.
2018 is the year this all comes together.
Have a great 2018!
I agree.
Be safe, enjoy the Holidays, and toast to a great year in 2018 on New Year's Eve!
Amen to that.
2018 will be the year this starts to climb.
Be ready.
WhiteOwl, all that squirreling away you've been diligently doing for the past years will start to grow in leaps and bounds as target dates come into focus.
I've very excited for the Special Dividend that I've been discussing for years to come to fruition.
Key West for the Yacht Party?
Check out Pedder's history. He comes in, gets done what needs doing and leaves. This is BULLISH for DCTH.
I can't get behind that conspiracy either. HB is in the business of making money. yes, they are the lowest of the low but they are interested in the big dollars not the scraps.
HB has done what they did here a ton of times. They are happy and the company lives to see another day. DCTH was overvalued. That was obvious. Now it is undervalued and it will get snapped up. To all the investors that came before... sorry, you lost. To those who got in under .15/share, I believe you will do well.
That said, it's time to pause buying until we know where all this has put the company (financially). Next filing should get us up to speed.
GLTALs
I too thought the tech was a great approach. Mismanagement and poor communication killed this company (blame the CEO). The value of their tech will mostly benefit the company that buys them.
For the few shares I still hold, I am hoping for the buyout soon so the new company can use the losses against 2017 (higher than 2018) taxes.
Well good luck on that.
The higher the share count... the less likely that is to happen.
The play here (as I saw it), was that the company gets moved back up to a more senior exchange once it's house was in order BUT since the addition of the latest Board Member... That's unlikely.
Now I see this as getting prepped to be bought. His Co was already moved up and has a better name in the Marketplace making raising capital much cheaper plus I'm sure any offer would need a counter from another company to run which is unlikely.
This will get kneecapped by a buyout. That is the high end of what will happen here.
Actually, that is not correct.
We should know a lot more in a few weeks. Next filing... if this is still trading.
Paying a little more after the fact is investing. Buying in the dark is gambling.
Until the commercial viability of their products have been determined... any search for 'value' makes little sense here.
If they are in fact having troubles getting people to participate in their trials (even with the success in Europe) then the potential for success is overshadowed by the lack of interest which diminishes the value here substantially. How small is the market for this therapy if no one wants to get involved?
As for a reverse merger... I could get behind that on a more senior exchange but here? What company would want that? Not a good one.
Share price is not a true measure of a company's value.
With a quiet CEO, a lack of funding opportunities that caused a 350-1 RS which dropped it this low means no serious investors were willing to pay any more, and no visibility of why this dumping is happening or what the financial benefit is to the company... dangerous time to be buying here.
Since News of the Interim Safety Report and the continued dumping...
Why would any prudent investor add now?
This will continue to go down unless those who shorted are for some reason (unknown to most why that would happen) begin covering.
The bet by Naked Shorts on a play like this is usually to never cover.
If you enjoy catching a falling knife and watching your money be given away, keep buying.
It has been fun watching everyone look into their crystal balls and crunch numbers here trying to uncover the reasons behind and the amounts of the dilution but until the trend reverses... only Shorts will win.
Personally, I will just keep watching until we know the Co's capital position, that the printing press has stopped, what the burn rate is, and that the company can reach it's milestones without need for further financing debt or equity.
The News was very good (and expected)and was used to tidy up the conversion portion that was outstanding. Once this is done and 2017 tax loss selling complete, this should go up as the new base forms.
I will be looking for the status of their financials and expected 2018 burn rate. I'm certain many others are as well.
The light is starting to show from around the corner here.
Keep up the good fight.