Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GreatGuy, you're either a hopelessly devoted, blinded Bull...or either you're an insider.
No other way to see it.
No rocket or parabolic. We can only hope that mismanagement doesn't keep this product from market any longer than necessary.
Simpson alone bleeds $589K-plus from this company yearly just in personal compensation.
You do realize that's more than Double the salary of the average CEO of a "successful" company, right?
Justify that, if you can.
Thank you.
Same scripted-response Keck fed to T.Johnson to Feed to Us.
Coincidence?
Do any of you realize that a goodly portion of the deficits could be remedied if this BoD's compensation was Reduced to even a "slightly above" average salary for an equal position at a highly "successful" company?
Average CEO pay at SUCCESSFUL companies in U.S. is around $250K.
Simpson, alone, bleeds $589,000K per year from this STRUGGLING, poorly managed little company...plus bonuses and perks.
Outrageous and inexcusable when attempting to justify yet another RS.
Good point!
Fact: The wood of the Horse-Apple is considered by archers to be the world's finest wood for bows.
We're shooting straight, well-aimed arrows with our horse-apple bows.
Code of Ethics? Clearly, this code of conduct and ethics is a mere formality.
Adopted in 2007?
This code was clearly violated in 2013 (as determined by law) when they purposely mislead shareholders and misrepresented their product.
Not sure what your motive was for posting their code of "ethics" but, respectfully...
It's a waste of cyber-space.
https://delcath.org/
Sallouha, last RS was 1:350. We're at 1:89,600 since inception. I know it's not much consolation, but you're not alone.
In case you haven't seen this shareholder site, here it is.
https://delcath.org/
Best of luck to you.
Yes. Tom Johnson (on behalf of B.Keck) wouldn't admit they'd ended it early when first questioned, but after being pressed with proof, he said they closed voting early because they knew they'd not get enough "for" votes. That's a plausible explanation but I still wouldn't put anything past them.
They knew they were gonna get what they wanted anyway, and they did.
Let's see what happens this time.
Excellent info. Thank you! Also, keep in mind that they evidently reserve the right (legal or not) to end voting any time they choose before the deadline like they did last time...So don't anyone wait till last minute to vote (especially if your voting Against!)
I voted online and got a confirmation and also took a screenshot.
Hopefully, there won't be a 2nd vote like last time.
Also, if anyone receives calls asking you to change your vote, notate and screenshot the caller-ID and record it if you can.
Legal action's being sought by a large segment of us. We want the product to succeed but we don't want to be taken advantage-of in the process. After all, anything that would constitute defrauding investors would also harm the product in the great scheme of things.
I have a plethora of damning evidence on many levels in my own files and we're generating much interest and support with
https://delcath.org/
...not from losers or opportunists, but from those who loathe seeing a promising life-extending product being smothered by this company's shady activity.
Wish I'd been at conference. I'd have asked her to comment on the shareholder website.
https://delcath.org/
Level 2: BTIG scalping from .0138 to .0139?
Just lovely.
.003 makes more sense. I still contend, however, that The GG is more than One user. He's been pumping this stock against all logic since early last year, or before.
Sometimes broken English, sometimes not. Weird.
Oh really, GG? $3 before RS, seriously? How many profiles do you have? Why sometimes are your posts written in broken English and other times Not?
Are there more than One "TheGreatGuy's" working in "shifts" as paid-pumpers?
Is this the script they've given you? Of course, covering-up or failing to report any B/O interest would be big....unless there's an official QP.
However, being derelict in fiduciary duty is not limited to any one singular "Big" BooBoo out of the many possible violations.
To be perfectly clear: I never once implied that fiduciary duty should or could be judged by emotion or pps. I made it clear that fiduciary-duty had nothing to do with performance, pps or investor-emotion. It has to do with being transparent & forthcoming.
And determining fiduciary duty is a bit less arbitrary than judging something like "ice-skating"; it's more clearly defined.
Consider:
Failing to disclose certain information, misappropriation of funds, misuse of influential position, neglect of responsibilities, or misrepresentation with regard to a statement of fact.
All of the above are clear and easily recognized. And all but possibly one (if not all) have been committed by the co./BoD.
It's academic, actually, and plain & clear to anyone who's not a designated apologist for this co's actions.
https://delcath.org/
Clear procedural errors in SEC filings, offerings etc. It is clear to me that these things are illegal whether intentionally illegal or not.
IMO, they are intentional b/c they've been sued for fraud in the past and were found guilty.
They know the law, but they obviously feel some type of immunity to it, despite past judgments. Only ones in denial are those who can't acknowledge it.
https://delcath.org/
I'm hoping we're wrong as well. Except in the off-chance of an orchestrated, opportunistic pump & dump, I see no chance of a big boost in pps with all the looming uncertainty and ongoing investigations.
Perhaps if we're successful at obtaining an injunction, there may be a change of sentiment as well as an effort by co to respect its fiduciary duty to shareholders. Duty to be honest and forthcoming with info, that is; not a duty to create millionaires out of investors.
They're not obligated to ensure our investment is profitable; they're only obligated by law to the "fiduciary" duty to investors.
I'd always settle for proper fiduciary duty over a "boon" any day! That's all we're due. If that involves a profit, that's even better.
https://delcath.org/
Correct. Unlike he says, most of us are not so stupid that we'd complain and entertain the possibility of theft/fraud just because one of our investments fail. But, in this case, there's too much irrefutable supporting evidence, and the only ones who aren't "manning-up" are the apologists who won't acknowledge the evidence and take a stand. Perhaps they're just that blind, or...more likely, they're paid advocates. Nevertheless, the proof is there and the investigation(s) continues onward.
Correct! They halted voting hours before the deadline.
And there was a letter to investors (from Simpson) "suggesting" an even "different" voting procedure than the one outlined in the official proxy instructions.
So many contradictions.
I do think your theory is spot-on however, that they prob did it because they knew they weren't gonna get enough yes-votes anyway.
In any case, there've been so very many procedural errors, that it's just astounding how they can get away without even as much as a slap on the wrist.
But we're not finished with them yet.
https://delcath.org/
https://delcath.org/ Remarkable response received. Keep sharing & thanks
J.K.Simpson salary = $589,345.00 as opposed to a "median" salary of $234,000 for CEO's of "successful" companies. Outrageous!
Jar, Agreed! This strategy occurred to me as well.
I did indeed receive harassing phone calls last time...several...and they're recorded and screenshotted as well. I also have voice-mails left to me on behalf of delcath from 2 private cell phone numbers; both are Arabic names and both are registered in Bloomfield, NJ.
(One of those individuals, as I described in a previous post, is a very disturbing connection to say the least).
In addition, of course, I received several calls from the actual toll-free delcath-vote number.
I couldn't believe it when I saw your post suggesting waiting till last moment to vote. When I, myself first conceived of that and considered it, I also considered that they'd get their way anyhow, just like last time. Another thing to factor into your/our equation is that, if you recall, they arbitrarily halted voting before the deadline last time and there were no repercussions for them for that...and that would certainly be a problem for last-minute voters.
I'm not a conspiracy-theorist, but I'm becoming highly suspicious that something nefarious is going on at delcath that involves something much bigger than chemosat.
Google Taleb Sahleb and tell me what in the world he has to do with delcath. I received at least 3 calls from his cell number during the harassment phase.
He's a very big wig in the Arab activist charities and foundations...particularly championing Palestinians with an agenda to do away with Israel. People tell me to keep politics out of the forum, but that's impossible when we have a bad-actor like this guy harassing people to vote For an RS for a company that he's only involved with somewhat clandestinely.
I'm still a shareholder but, after all these splits I'll prob be reduced to One dang share.
I enjoyed your post.
Investor Relations? LMBO! Evidently some here don't know that delcath hasn't had a n IR dept for many months. Just another thing they didn't PR to us. They just stopped answering investor emails/calls and then, thru calling around, find out that IR was gone.
Fact is, they outright lied about who was making the calls. They lie even when they don't have to do so; it's just become a habit.
True. Don't know why they even paid for a call-campaign 6-mos ago when they knew they were gonna get it by force anyway.
Perhaps they just thought there was a "chance" they could bully/harass shareholders enough to obtain enough "For" votes w/out having to voluntarily delist to do it. They'd have been forced to delist soon after, even if they'd gotten our approval, however....
b/c pps still would've still plummeted.
There's so much shady business going on here and I think they're hiding behind "chemosat" to generate interest and play upon emotions.
Assist please; familiar with these names?
(1) Taleb Sahleb ?
(2) Nese Cagar?
(3) Waqas Khatri ?
I've a good reason for asking.
Back during last mass-call-campaign (when delcath was phoning shareholders to try to get them to change their no-votes)
I received multiple calls from the top 2 individuals (Sahleb & Cagar). They are still in my phone and they're recorded.
Delcath's Tom Johnson and call-center supervisor "Melissa" were both troubled that I had the names of the people registered to the numbers who called me. Altho recorded and irrefutable, they contended that these calls could not be associated with the mass-calling campaign. But they were. Furthermore, sometimes when I'd miss or reject one of the calls from these #'s, I'd redial the private# and it would divert over to the toll free delcath # in mid-call (all recorded and in plain sight in call records, screenshots, and recordings).
Now, this guy, Taleb Sahleb, is very active in raising money for activist Arab causes in the U.S. One of his donors went to prison for funding Hamas in 2003. (This is not science-fiction; just google it yourself)
I've not been able to find out much about Nese Cagar; all I know is that person's private # also called me last Sept to try to get me to change my vote. Both Cagar & Sahleb's #s were private numbers in Bloomfield, NJ.
Also, when I'd reject the call from Cagar and redial Cagar's private number, it would also revert back to delcath's phone#.
I wouldn't even tell this if I couldn't prove it (and have turned it over to authorities) because it sounds like something from Twilight Zone.
Nevertheless, it's real and it's being investigated still...today.
As far as Waqas Khatri goes, you should recognize him from Alto/Ayrton. I've not received any calls from him, but there is a lot of uncertainty and speculation about his personal charity fund..."The Karen Leung Foundation"...which garners a lot of support and sympathy b/c is named after his late wife who succumbed to cervical cancer.
The foundation is registered in Hong Kong....which, everyone knows is the hot-bed location for fraudulent charities. Personally, if I were gonna have a charity, I'd steer away from registering in Hong Kong b/c, even if the charity's legit, it raises suspicion about legitimacy.
Now, you say "what does all this have to do with Delcath?"
I don't know, but I have my growing suspicions and I'm on a mission to crack the code.
You can sit back and call me crazy, or you can do some research yourself. I think you'll be staggered by what you uncover.
And with that being said, I'm now going to return a recent call from homeland security.
Injunction: Yes that's the way to go. Neither Chemosat nor investors need another CA. What we need is for the BoD to sit up and take notice that this company is much more than just their personal cash-cow.
I know for a fact that they're aware that a good deal of damning evidence has been collected, but I'm not confident that they're convinced that enough shareholders will take a stand. That's why it's so important to not only cast your vote "against" but to also contact the authorities. SEC has already commented that they're "looking into this situation", but it may take more complaints to tip the scale in our direction.
So, do your part.
You're an apologist. They're crooks. Had/has nothing to do with investing "wisely" at this point. When you're at the mercy of dd, clinical trials, SEC filings & PR provided by company, your "wisdom" morphs into sheer luck - as was especially the case with former lawsuit.
Hobbs is gone and this BoD is as bad or worse. I wonder just how much dd you've actually done.
I know all about the pay-per-post incentive that many of you apologists and pumpers have.
Offer some facts....oh nevermind, you have none that aren't a scripted false narrative.
Like a freakin liberal idiot; go defend Hillary and leave chemosat alone.
Ignored from here on out, you scourge of common sense.
Slmird, they were found GUILTY in a Fraud class-action before. Bad track record. What would you suggest? Just lay down and be crapped on again & again? Class action may not be necessary. We need exposure and we need for voices to be heard somewhere besides social forums. It's happening. Or you could just remain meek & quiet and let them chalk you up as yet another clueless victim.
For reference: https://delcath.org/ Share it with as many Cable TV business-news sources or any other news outlets you know of. Also, you may want to consult with an attorney. Some will take case pro bono. Ideally, we'd like to just get exposure so as to encourage company to do the right thing in order to avoid legal action. If full-blown legal action is needed, we're armed and ready.
Dereliction of Duty to Shareholders!
Reputation was a poor choice of word. Liability and legalities is their main concern.
It's a given that their reputation's bad, but it's liability for dereliction of fiduciary duty to shareholders & fraud that they're trying to protect themselves from.
The proof is irrefutable.
Now, what are you gonna do about it? Bitch on iHub all day or take action?
Keck's lackey, Tom Johnson will no longer take calls from me b/c he's been informed that I was recording his calls, evidently thru their paid-plants on this and other forums. LMAO!
I love it! He states that he's concerned about liability and protecting company reputation.
Wow...that speaks volumes. I couldn't ask for a better recording. Why would he say that while knowing he was being recorded?
An obvious admission of guilt.
Well, into the evidence-file it goes. Also helps us narrow-down the moles amongst us b/c I have contacts who'll inform "me". Yet another waste of our money and an attempt to mislead shareholders with paid-posters.
BTW, thank you for the good luck. Good luck to you as well, H2o
Ko49, They lost a lawsuit for fraud in the past. They may "know" the law, but they're betting that the shareholders are too stupid, worn-out, or too lazy at this point to take any legal action or to even complain. I firmly believe that from my long-standing experience with this company.
That's why we all need to (if nothing else) spread this website to as many news outlets and enforcement agencies as possible. Or any other evidence you've saved over last several years or months. If you carefully review all company action and related SEC filings, you'll find multiple procedural errors.
For one reference:
https://delcath.org/
Latest PR sounds as if they're much more interested in protecting their EU interest rather than in bringing Chemosat to the US.
Actually, we know where their real interest lies - and that is, in lining their own pockets.
This is not my first rodeo.
I've been invested in companies struggling just as hard (yet without the corruption) that routinely involved & communicated in an appreciative manner with their shareholders. It's, of course, true, that a company's best interest is not "always" in the short/long-term shareholders' best interest, but this is an egregious example of a company with a life-extending product that Only cares about the BoD's best interest!
Another Sickening Revelation: As of 11/20/17, our contact address for delcath (as you know) was 810 7th Ave suite 3505 Ny, Ny.
On 11/20 at 8:30am ET, I spoke to the mail-carrier supervisor serving that address and his carrier verified that delcath had not occupied that suite for TWO YEARS. Any mail received to them there was being returned to sender. Delcath had both suites 3500 & 3505 but ICV was occupying 3500 and 3505 was empty. I have this communication recorded and in my evidence-file. How do you feel knowing they squandered funds on the highest priced office bldg in Manhattan for at least 2 years without even working from there.....Empty Office. I later spoke with ICV and they "said" they were unfamiliar with delcath.
Rap, re: Earnings..check thru 2016 ER and notice how they rewarded "themselves" with 5% for NOT reaching their projected $2.1M goal.
Recorded Call to a shady delcath MM: on 9/29/17, some of us discovered that one of the MMs handling delcath's trades was G-1 Executions (formerly Etrade MM). This LLC had been involved in fraudulent trading back in 2013 under former name of "ETrade MM". This LLC also had a non-operable # listed on the web and I eventually got thru to them via back-door by calling "Susquehanna International". The woman at Susquehanna transferred me to "Joe King" at G-1 Executions. He was very surprised that a shareholder had reached him via phone directly. (You see, this shady company sneakily changed its name after their legal troubles in order to divert attention away from their bad reputation)
When I began to ask Joe some questions regarding my concerns about not being able to reach delcath partly due to the abrupt release of their IR rep, and regarding the fact that his co, G-1, had no working phone, he stopped me and asked, "First, before I answer any questions, are you with the authorities?" I said that I was not, and he proceeded to talk to me but only in very vague terms.
This is just one tiny piece of the big delcath debacle.
Now we're still under HB & Alto which are both currently being sued for destroying companies in a manner similar to what has happened to delcath.
Now, out of the dozens of other examples of shoddy & shady dealings by delcath management, even if this was the only thing you knew, you've gotta know something's rotten within delcath.
Trompete, have you read the Delaware law? I'd suggest that you do so.
You Are aware that there are 3 choices (not 2) on the ballot, right?
1=For 2=Against 3=Abstain.
You can actually cast a Vote to Actively Abstain! So how can you say that "not voting at all" is the only thing that = abstention?
Best to play it safe, send in the ballot & Vote No (Against) but non-voting doesn't necessarily constitute a "Yes" (For) Vote.
If you vote specifically 'abstain', then yes this is different than not voting or having a "brokered non-vote". The results are the same though for the purposes of evaluating how to treat those votes for the RS.
Only For ('Yes') votes count towards passing the measure and OS isn't reduced by non-voters or abstainers like it would if it was ordinary procedural vote at annual shareholders meeting, like a vote to reelect an officer or director. If you do nothing with those votes, then your non-vote just reduces the number of votes needed by that many shares. This way they can get 50% of the ppl who are present vs. the whole OS -- but this is not the case at all for an RS.
Lwe, Hopeizzly's correct. Choosing the ballot-option to "Abstain" equals "No" to RS = same as "Against". The only issue that is confusing to some is whether or not Refusing to Vote at ALL counts as an abstention. Ballot has 3 choices (1)For (2)Against & (3)Abstain. Only confusion is....how it's counted if you don't vote at all. Some say that's an abstention; some say it's nothing. Look at Delaware law very closely.