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Part 2, how much money do you believe will be raised in next 3 months?
You feel good about rights offering over all, yes or no?
As much as people view Hobbs as horrible, for the last offering before end of his phase 3, he paid out of pocket $360K for 100K shares which I believe was locked up until he resigned meaning he lost 90 percent.
My guess is Simpson/bod are not confident of the path ahead
hmmm, huge rights ratio or growing concern with delcath or suspect you can buy common at a lower price than $2.60 after rights deal?
Are you guessing getting rights or deserting ship?
I believe HB would not participate in another convertible. They would not find it very profitable when the result is lightning fast bankruptcy. Certainly I would not help finance such venture. To extend further, why would anybody want to finance this company further unless there is a concrete path to a positive return. Anyway it seems to me that the last completed offering before the reverse split may turn out bad for those anonymous Indians. Forget the short baloney, I don't believe a word.
Simpson will be our Goddess if good financing
I am very well diversified and always have cash available for investing, delcath could be great if the financing issue is solved. Simpson and Bod would love to solve it, the issue is too low a market cap and difficult history
Once again I might start selling at a loss, that would make the 3rd time to do so this year. The one thing beyond dispute the company is struggling to raise money, it would have been done in May if easy and sure. Raising less than $3 million does not fly, $5 million would likely not fly as well, $10 million better, $15 million hopeful, $20 million let us walk and talk
Remarkable stability in stock price given a lack of feel for the July story, some rock steady viewpoint does somebody have it? Short talk need not apply
I could be one filing away from changed sentiment but I should think patience is wearing thin for next step with July being next trading day
Fundamentals rule, here is just raw speculation. As far as I know DesertEagle may be the most staunch believer still in the rights offering. I will maybe give it the college try on next filing, there is still time to fall in love with offering so filing better come to play ball
Does anybody have great confidence still in the rights offering, maybe DesertEagle? Seems like the right time to doubt delcath. One thing is certainly true, doubt was the right way to go when the convertible first raised its ugly head in 2016.
The future may hold bankruptcy, maybe $20 a share in less than 12 months, it is to me not about Simpson, it is simply as uncertain as how things looked in Sep 2013
Company will raise maybe $5 million and stock price will trade between $1.50 and $2.00 as the tightrope continues perhaps and then … ???
Deity requirement is to win gold medal at FDA Olympics, so in reality a competitor who may need to snatch victory from jaws of defeat
That is why I would not scoop up any more shares at any price, often better late to a party vs early. Although don't build a myth around the last day of the month as it is just another day
The idea of partner/bo has been stretched so many times, this rights business seems to say absolutely not. Although partnership could be very lovely especially if with Apple because of the giant potential
At least with delcath, it is necessary to raise large amounts rapidly for a happy ending, never more true than with a shot at getting phase 3 down the road. Shooting for the moon with $20 to $50 million is 100 percent correct, but shooting and missing would be a drab affair
jenny would love to raise $50 million in the blink of an eye but market cap and history and cockeyed investor assessment over disappointments may be too much
Yes, bad things do happen but first get $20 million cash, that is the way to live
I am worried about bankruptcy. Nothing can be done for safety as an investor but to keep a tight rein on how much money to play here. Silicon Bank did loan some money here and the overseas investor also has money at risk here. Not a crystal ball here, but I believe Simpson, Bod, etc.. are whacking every money bush as hard as possible
No, there is zero credibility to bashing the realistic path to approval. All the criticism is about financing first, 2nd trailing enrollment pace. All arm chair analysts would have ended the company in bankruptcy by now, which might be good for investors to move on but that was never a goal. Anybody could easily bankrupt, not how the game is supposed to be played. Probably get zero for bankruptcy as well if ever the case, no dreaming by me
Approval by last day of 2019 is actually very optimistic, it is the great fable to target approval anyway. Blockbuster ending to phase 3 is the target, $300 to $500 million market cap. Don't give revenue issues either. There is a time for dreaming and a time for reality. Ecclesiastes
I am feeling the one thing delcath can't be trusted to accomplish is a successful financing, does not make a Goddess Satanic. If as usual the company lives to fight another day, too bad for those drowned, so stay a little on the high and dry
I question if there is commercial value for this product, much less patents.
I am gung ho on a great phase 3 value at some point, which does tie into commercial potential as I would like to see OS victory over alternative care by a truly whopping margin.
I don't know what to expect given absolutely horrible last 2 years for financing. $20 million or more would be fantastic, even though $20 million even would make $50 million quest look a little wrong. We all should have to wing it on best time to buy, hoping anyhow
Some historical fun was during the Royal Hobbs regime of about 100 employees, a poster claimed to spend a lot of time chatting on the phone with one of the VPs. Did not help apparently investors.
This is a suspicious offering unless I see in hard print delcath raised at least $25 million
Could deserteagle be the biggest seller below $3? Trading volume seems light for this current crossroad
If they are not buying, it is all the more reason to back off from the enthusiasm that previous FRIDAY filing gave.
Do companies ever get approvals so difficult to achieve without a little euphoria? Building a big position above $2.50 currently makes no sense. Rights offering looks risky on reflection. Sometimes I am actually in the "don't trust camp" as my Goddess is a bit on the shady side imo, but then so are posters
Best analogy is as long as she is a swimmer in distress, beware. So I want a little common and maybe a little bit of the rights, but having no clue what is going to really happen
Ever so simple, it is not a business type investment, in star wars time maybe, so of course market cap gamble. It could turn cash positive within 12 months of after OM approval but that is not the play, as $5 million revenue annually could be the case just about as easily. Next approval ICC, who knows what revenue again
I generally ignore all topics about shorts, except to disagree with the emphasis.
Of a more serious note, except for such as June fluke of last year, delcath has not been a great buy in more than 8 years, so one can measure any post keeping that in mind. Now when/if it is a done deal that delcath has many months of cash, then buy with both hands, borrow a third
raps been quiet on the sidelines. I am progressively become more worried whether this offering will raise decent cash. There is no guarantee of refund as company might take an offering that stinks up the joint like say $5 million. Maybe others have studied this proposal more closely than I
Why only 2 rights per share though to tdameritrade types
It is only 1 million warrants so depending on other factors, $1.75 sounds good. Sometimes I think about day to day stock prices, but $20 million would afford a longer view as it narrows down to a smaller range the amount of likely future dilution
I don't like the price, but if it works, I like it anyway. $20 million in 3 months, that will be the threshold for me to like
The company may not expect to raise $50 million, but still a lot of money. In that case it does not hurt either the company or shareholders to extend an olive branch
True, but at the same time it looked initially like it would be closed to small fry. One moral I will agree about delcath, only when a deal is completely finished can one hope to fully comprehend if lucky
Ughh, it could be interpreted then little retail gets small rights while big boys get big rights
It does not make sense for current longs to build a large position, but you will have the right to buy lots of shares, no way just 4.5K.
If the company does a substitution play, selling down might be a mistake. Unless you are rich though about 10K currently is too much money. 10K cash or MORE at $1.75, that is what I hope to do
If there was any hope for last fall it would have been imo a prompt YES vote on the 2nd common vote, so NO voters deny their own role. Down slopes prevailed for all of 2017 except for the very excessive June rally.
Hope there are enough smarts in the delcath camp to get it done now