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Take care; I may effect a forward-split on myself and multiply
I am RDW. I'm not needed but, messages are;
I am a messenger and here's a message...
For those like me who are attracted by potentially breakthrough technologies, you will inevitably get caught up in a manipulation that leads to a suddenly plunging stock price of a company in which you are invested. Invariably the scheme starts with and is perpetuated by a flurry of blogs, tweets and message board comments which proclaim that the technology is worthless; management is a band of liars and thieves; and people with a positive view on the Company are being paid by the Company. Then come the lawsuits against the Company and management by the usual group of class action law firms. Each year this scenario is played out hundreds of times.
This carefully scripted and long used manipulation scheme by short selling hedge funds is all meant to shake and then break investors’ confidence. The result is usually a painful, steady, day by day erosion of the stock price due to naked shorting practices. Stocks can be cut in half by naked shorting on the basis of little or no change in fundamentals.
Full article here:
https://smithonstocks.com/illegal-naked-short-selling-appears-to-lie-at-the-heart-of-an-extensive-stock-manipulation-scheme/
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I can't imagine any retail shareholder who'd short this, but the hedge funds have nothing to fear;
they can make any arrangement they need to get them out of a last-minute bind.
Just look at the daily short report (which is "short" of the real total) and then allow extra for the dark pools.
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Consider this; that report doesn't even reflect the total of naked shorts. So multiply or add (x) to that equation to include the phantom shorts in grand total.
Yikes!
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Hedge funds can manipulate this anyway they desire
and they Will...
right up to the 11th hour.
They have nothing to fear because they are in control. The simplest DD will tell you that. Some retail players may benefit on the fractions of an inch increase if they flip it right;
most will lose.
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I believe you responded to the guy who asked "didn't they hold 386M shares collectively?"
Nevertheless, it was all related.
Purpura's 'stache was another chuckle.
DE, I suspect the reason they didn't PR it is for same reason they didn't PR the news of the interview with successfully-treated Chemosat patients in Europe last year. That was a major issue of interest and importance to shareholders and could have had a direct and positive effect on the pps.
As it was, a group of shareholders found the info on their own and consequently, the only PR it received was via some stock forums.
The pps spiked in Germany that day and left those of us in U.S. Market to fizzle...barely a ripple.
When questioned about this lack of PR, the designated spokesperson, Tom Johnson, floundered to offer any reasonable explanation.
IMO, this failure to PR important catalysts alone is a breach of fiduciary duty.
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Chuckle, chuckle. Yep, that's 386M alright. OmG!
Only time I remember seeing the number #386 is Purpura's $386K per year salary.
Nice post.
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Congratulations! That's fantastic. I sincerely hope you make even more tomorrow
and the next day.
Re: you don't "need" me here:
I regret to inform you
that I'm not here
just for you :)
Jcors, won't happen.
Same ones who are
naked-shorting it
are also
controlling it.
It's a finely-tuned,
orchestrated,
symphony of
share-snatchers.
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Time (and a little noise) will Tell
Trompete, Re: DCTH/HB private offering:
If I'm not mistaken, a private offering is what just took place with the shares and warrants. The public was not allowed to buy shares/warrants offered by Roth; only the "select" investors were...and the offering, though "private", was disclosed.
If there was any other deal made that was Not disclosed, and was truly "private" (in a secretive manner)....
then that would involve the authorities and hand-cuffs.
That is that.
Now, if what you really want to know is....
"Do I, RDW, personally have any such info?"
My answer at this time is....
"No comment."
(and that doesn't mean "NO")
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I rarely even look at DCTH's pps any more.
The honeymoon is over.
I've set my limit and until the RS, I'll not look but once a day. And that's a Fact
as sure as you're Bourne.
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You're welcome. And thank you but, I think I'll remain here and elsewhere for the time being.
I've learned quite a bit from this excruciating experience with this terrible company.
I didn't like them when I was
in-the-money
and I like them even less now.
Did you know that DCTH once was and possibly still is on the list of the 10 most shorted stocks on Nasdaq?
When a sub to 1-penny stock's volume is More than 50% short on any given day (and that's just the Reported Shorts...not the Naked Ones) then how can you say there's not much shorting going on?
Sure, you might get your flip here and there....
and I sincerely hope you do...
but don't shoot the messenger(s) just because you don't like the facts.
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The B-word. A scare-tactic?
Everybody's situation is dIfferent but,
"bankruptcy" is the least of my concerns regarding the company at this stage of the game.
You seem very protective of HB.
How many similar businesses has HB, etc ruined?
I'm guessing...a lot.
They, along with Ayrton, are embroiled in a lawsuit right now for decimating a company.
We can't turn our eyes away from corruption just because we're afraid of destruction.
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SNS, they don't need our help? Seems they Do.
Failure of duty is there.
Just because it hasn't been properly investigated doesn't mean it doesn't exist.
Our help can change that.
The SEC doesn't need our help busting HB, Ayrton & others?
Evidently, they do because they don't care...
unless enough noise is made.
We're working on it.
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SNS, If you're referring to naked-shorting, it's certainly Not overplayed as an issue.
The more research I do, it's pretty clear to me that naked shorting has indeed been a huge factor in the demise of this stock's pps.
And it's evidently "true" that you cannot monitor naked shorting simply by accessing websites like otcShortReport nor can you trust the RegSho stats.
This is a serious problem that adds a whole new dimension to the equation.
This combined with the poor management and failure of duty to shareholders is a recipe for total destruction.
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Delcath Site Traffic Stats as per request: Rap, I've obtained the traffic-data you requested.
For month of March, hits to the
https://delcath.org/ website are as follows:
Traffic was from
*26 countries with
Average of
*7-hits per hour
(Maximum = 766-hits/hour)
*Average of 181-hits per Day
(Maximum = 3365-hits per Day)
26 countries with maximum of 3365-hits per Day.
Not too shabby. :)
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Rap, great question. I've been researching this and the more I read, the scarier it gets.
I think you may be correct in that Fail-To-Delivers aren't necessarily an accurate reflection of naked shorts, but the reason why this is so is even more indicative that a company may well have fallen victim to it. (Sorry This is so long, but it's quite disturbing and difficult to explain)
Consider this excerpt from the link I'm attaching below:
Excerpt:
>>>"Fails–to–Deliver — If a short seller cannot borrow a share and deliver that share to the person who purchased the (short) share within the three days allowed for settlement of the trade, it becomes a fail–to–deliver and hence a counterfeit share; however the share is transacted by the exchanges and the DTC as if it were real. Regulation SHO, implemented in January 2005 by the SEC, was supposed to end wholesale fails–to–deliver, but all it really did was cause the industry to exploit other loopholes, of which there are plenty (see 2 and 3 below).
Since forced buy–ins rarely occur, the other consequences of having a fail–to–deliver are inconsequential, so it is frequently ignored. Enough fails–to–deliver in a given stock will get that stock on the SHO list, (the SEC's list of stocks that have excessive fails–to–deliver) – which should (but rarely does) see increased enforcement. Penalties amount to a slap on the wrist, so large fails–to–deliver positions for victim companies have remained for months and years.
A major loophole that was intentionally left in Reg SHO was the grandfathering in of all pre–SHO naked shorting. This rule is akin to telling bank robbers, “If you make it to the front door of the bank before the cops arrive, the theft is okay.”
Only the DTC knows for certain how many short shares are perpetual fails–to–deliver, but it is most likely in the billions. In 1998, REFCO, a large short hedge fund, filed bankruptcy and was unable to meet margin calls on their naked short shares. Under this scenario, the broker dealers are the next line of financial responsibility. The number of shares that allegedly should have been bought in was 400,000,000, but that probably never happened. The DTC — owned by the broker dealers — just buried 400,000,000 counterfeit shares in their system, where they allegedly remain — grandfathered into “legitimacy” by the SEC. Because they are grandfathered into “legitimacy”, the SEC, DTC and prime brokers pretend they are no longer fails–to–deliver, even though the victim companies have permanently suffered a 400 million share dilution in their stock.
Three months prior to SHO, the aggregate fails–to–deliver on the NASDAQ and the NYSE averaged about 150 million shares a day. Three months after SHO it dropped by about 20 million, as counterfeit shares found new hiding places (see 2 and 3 below). It is noteworthy that aggregate fails–to–deliver are the only indices of counterfeit shares that the DTC and the prime brokers report to the SEC. The bulk of the counterfeiting remains undisclosed, so don't be deceived when the SEC and the industry minimize the fails–to–deliver information. It is akin to the lookout on the Titanic reporting an ice cube ahead.<<<
http://counterfeitingstock.com/CounterfeitingStock.html
Detecting naked shorts:
https://nakedshortreport.com/how-to-detect-short-trades
One excerpt from article:
" If you are a NASDAQ or NYSE company, rule of thumb is If you see more than 20% of your overall volume initiated short on a daily basis as reported by REGSHO and displayed on our website as per REGSHO guidelines and delivered by FINRA you may be under attack. If you are looking to track naked short selling on OTC companies please visit www.otcshortreport.com"
Superones & Modrica, why wouldn't you suppose that this is what's happening?
Excerpt from article:
"Market Makers, unlike Brokers, can simply create shares out of thin-air that quite frankly cease to exist under the guise of creating liquidity and keeping markets rolling. The problem is when a Market Maker decides to send your stock in a downward direction, that's it, your company is going down. It doesn't matter whether you try to short squeeze the heck out of them or not, in the end, they always win."
https://seekingalpha.com/instablog/2406831-shortracker/651241-naked-short-selling-is-killing-otc-companies
Whole lotta shorting going on.
H2O, I was thinking same thing.
Whoops! Thank you :)
H20, lol...nice find.
SNS, I don't have to be. She didn't deliver and she dismisses shareholders as pawns.
And her connections are questionable to say the least.
Rap, I've sent a request for delcath site traffic data
and I'll post it for you
when I get a response.
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SNS, Ordinarily I would agree but from what I now have learned about Simpson and others (particularly Simpson),
I am not inclined to believe she wanted rock-sold stability for anything other than her own compensation and she had been compensated so very handsomely for so long...without getting the job done....that she came to believe she could slide on ice as long as she desired...with no repercussions.
No, I'm not inclined to soften my stance on her nor the company. And I don't say that as a shareholder who's bitter from losses; I say that because of what I know.
I wasn't "soft" on her when I was in-the-money either.
Very bad management all around.
I'm aware of that. Site admin is too I'm sure. If I'm able to find out anything regarding traffic, I'll let you know.
My Google analytics? I have no admin access to the site. I do know it's had very heavy exposure though.
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Yes, I'll take 5M shares at .0001 & sell at .00012. LOL :)
Don't tell people to Buy. OmG. New people will be misled.
No need for others to get into the same mess we're in.
SNS, what are you saying? I didn't understand that post.
An insult to management..?
SNS, bankruptcy is Not the shareholders' fault.
This company has been dumping on shareholders for a long time.
And now they've succumbed to a hijacking by the hedge funds and the dumping has quadrupled.
There is no hope for shareholders at this point except for those who can afford to average-down enough to possibly break-even on tiny increase.
I firmly believe all is lost and we either have to write-it-off or fight back any way we can.
I hope I'm wrong, but I don't think I am.
If there "are" any prospective new buyers, I'd caution them to hold onto their money and check-out these links.
https://delcath.org/
https://cnafinance.com/delcath-systems-dcth-stock-a-ship-thats-falling-apart-at-sea/18798
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Hopefully you can profit on a 1/10th of a percent "spike" because it appears that's exactly what the hedges are doing....buying millions of shares that don't actually exist and then dumping them for a profit on any 1/10th of a cent increase.
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Trompete, I've gotten a lot of information from them via phone in the past; granted, not usually truthful but, "info" and some "semblance" of communication, nonetheless.
The point is, they are our company, they have a duty to speak with us...even if only in "generalities".
Sometimes, you'd be surprised what you can find out from them via phone.
Delcath, if you're reading this, you really need to answer at least "one" of your many phone lines. You're allowed to answer "general" questions.
Otherwise, why have a voicemail that says, "We will return your call."?
Anyone had any luck contacting investor-relations?
I've attempted to call them on several occasions. I've not been successful at reaching a live person at any of the extensions.
I've also left several messages requesting a call-back but have yet to receive one.
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Fiduciary Duty = Due care, loyalty & candor.
Proving breach of fiduciary duty:
https://fhnylaw.com/proving-breach-fiduciary-duty-claim/
DonDon, there's absolutely no doubt that they've been extremely derelict in their fiduciary duty to shareholders.
It's not that difficult to prove either. The law is pretty clear.
ex: The Mickey Mantle controversy, 1995.
Your post brings to mind the controversy that arose in '95 when Mantle, a life-long alcoholic, received a liver transplant due to liver cancer. Soon after receiving the transplant, it was found that the cancer was also in his lungs.
The issue gets complicated as to who "most deserves" to receive a transplant when there are few donors.
He'd been on the waiting list the longest, but a child (a non alcoholic) needed a transplant at the same time.
Then there are the adults who have NAFLD/NASH (non-alcoholic cirrhosis of the liver).
It gets very complicated.
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My understanding is that Delaware law requires a super-majority of "Yes" votes in order to effect the RS. I could be wrong.
I can't find the link I'd saved regarding this, but here's a link that may be useful. Some interesting confusion here, too, regarding how non-votes are calculated.
https://www.natlawreview.com/article/continuing-confusion-about-shareholder-approval-requirements