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Too funny. Cherry picking, he was never accused and a great asset to Delcath! He is here to increase share price!
http://www.dougsandler.com/news/jacob-gottlieb
GOTTLIEB CLEARED
Started in 2005, Visium peaked when it showed great potent for growth when it managed to accumulate more than $8 billion in managed assets by the turn of its first ten years of operation. The company operated numerous investment vehicles with a key emphasis being a flagship healthcare fund that Gottlieb started in 2001. The fund had become of the best performing investment vehicles within the company and also the center of the controversy that saw the firm deregistered and forced to liquidate customer assets in 2016.
The future of the firm turned foggy in early 2016 when federal prosecutors charged top Visium Portfolio managers for trading on confidential government reports. They were charged with insider trading and inflating the paper value of bonds and fixed assets held by the firm. SEC would close in on the case by deregistering the firm and forcing it to wind down the same year, a process that took Jacob Gottlieb close to two years. He was, however, never accused of any wrong doing in these cases.
LONG BREAK AND ALTIUM CAPITAL
Gottlieb has for the past two years been liquidating Visium’s assets and holdings and refunding investor funds. And while most individuals may misrepresent this as a long break from the industry, the medical doctor by profession begs to differ.
He claims that the complex and long winding down process was never a break from the trade since he was essentially liquidating active assets within the same industry. Expressing his undying interest in investment, and hinting to a possible comeback, the experienced investor added that he started trading in his teenage years and hopes to carry on with it for the rest of his life.
To further approve his presence in the investment circles, the 46-year-old set up Altium Capital, a family office charged with a primary responsibility of managing his personal wealth. The firm that currently employs six traders mimics Visium’s healthcare fund model by investing and betting on stocks relating to the healthcare industry.
PLOTTING A COMEBACK
Now that he is done with liquidating Visium, Jacob feels ready to get back into the investment world. He has even hinted out at organizing a round of investor funding though the details about the date, how much he hopes to raise or the investment outfit he hopes to use for these investments remain scanty. It would be interesting to see whether he expounds on his Altium pet project or launches a new investment firm altogether.
In either case, such an investment company would invest heavily within the healthcare industry that Jacob Gottlieb believes is ripe for trade. He notes that the last five years have seen a massive significant number of these industry players go public and bets any experienced investor can make a fortune from the value creation and value destruction being experienced in the sector.
BOTTOM LINE
The series of prosecutions against Gottlieb’s top portfolio managers may have laid his Visium hedge fund to waste and shaken him financially, but they haven’t killed his resolve. Right from liquidating one company and the finance and healthcare titan is already organizing a round of investment after picking himself up with his family based Altium Capital.
Agreed
I get that. Just saying they definitely aren't planning on closing the doors like many kept saying.
From the 8K also filed today
Doesn't look at all like a company going bankrupt...
"The Company has used a portion of the net proceeds of the Private Placement to pay $440,000 in settlement of litigation between the Company and certain former investors pursuant to a previously reported settlement agreement, and intends to use $0.5 million to pay accrued salaries and unreimbursed employee expenses to support the Company’s general working capital requirements. "
Snake eyes lol
Hmmmm from today's news. Do we run or not?? Roll those dice lol
"Investigators concluded that for patients with liver-dominant metastatic uveal melanoma, treatment with PHP Therapy had “observed rates for OS and PFS that exceeded the reported outcomes for traditional systemic treatment.”
Whomever dumped 35k at .077 thanks!
Guy on Yahoo saying a merger is in play. Anyone have any link?
Yeah up 112% in Berlin. Who knows. Lets see how the US exchange reacts.
That's ok thankfully you managed to get on and school us all! You're the best. I'll post my buys today cheers!
Well I'm buying tomorrow. I'll keep you posted on my profit/loss over the next little while. Cheers!
Yeah PR machine may start now. 10Q also out today. Medac mentioned 17 times ??
They may take this below 6 cents. So many times you hear guys say at least we know it won't go below the financing and it does. Unless they release news I think we are heading there. Good short term buying opportunity for a flip on news if it does.
Shhhhhh! Yup especially when shares are locked up they do the old good news release and a couple hundred percent spike.
Like WTF.....
"As required by the Securities Purchase Agreement, each director and officer of the Company entered into a lock-up agreement with the Company whereby each director and officer agreed that during the period commencing from July 11, 2019 until 120 days after the Effective Date (as defined in the Securities Purchase Agreement), such director or officer will not offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of or enter into any transaction to dispose of, or establish or increase a put position or liquidate or decrease a call position, with respect to any share of Common Stock or securities convertible, exchangeable or exercisable into, shares of Common Stock. In addition, as required by the Securities Purchase Agreement, each Investor and each officer, director and stockholder holding more than 10% of the issued and outstanding shares of Common Stock will agree to vote all shares of Common Stock over which it has voting control in favor of any resolution presented to the shareholders of the Company to approve the reverse stock split of the Common Stock as contemplated by the Securities Purchase Agreement."
If you are married as well I think you and I are getting divorced from our wives. Sad
Should have been released Friday after hours. LOL
Yup doesn't look good.
Bond is so right as far as who in the world gave them 20 million and why? Something smells good regardless of dilution.
Be insane if it was Medac
This will be interesting. Many times a stock will fall below the financing and this is done at .06. This isn't your ordinary stock though and it was in serious trouble financially until this so who knows. Your guess is as good as mine.
Another uneventful week so far. My personal opinion is it's still a hold waiting to turn instantly into a strong buy or sell hahaha
I'd say you're a little too quick to assume that but who knows.
This is amazing that you have a crystal ball. Can I get the lotto numbers too please!!! Hahahaha
This stock is so exciting right now. Something is going to break hard either way and we can't really tell which way as usual. It's worth around 2 million at the current share price which is laughable. Either we are going to tank or spike hard. I am going to stay on hold until I see a sign. I'm sure if it's a positive turn there will be time to buy but who knows lol. Something tells me this week's trading won't be boring.
That or they will release the news between Mon to Fri next week. Who knows. You never can tell with this company. Have a great weekend!
Agree on all counts.
So they going to pump it before a crappy finance after hours or will it be a decent financing that makes us go up? I can't see any type of financing that makes us go up but you never know. Happy Friday!
Just going by what the filing says. Sure lots of things can change. Your guess is as good as mine.
You are brave. I need to see the financing terms before I buy more.
Bunker down. 8k says we need the 20 million by Friday. The terms will be everything.
"Closing of the transactions contemplated by the Purchase Agreement is subject to the satisfaction or waiver of various closing conditions, including, but not limited to, the requirement that the Company consummate an equity financing transaction or transactions, by no later than June 21, 2019, from which the Company receives gross cash proceeds of at least $20 million, excluding any conversion of existing indebtedness of the Company into securities of the Company (an “Approved Financing”)."
At June 14, 2019, the registrant had outstanding 18,277,807 shares of common stock.
10k and court case brought this down. It's going up. Sure we have issues to over come but right now is big time green time in my opinion.
Uhhhm that's like every filing for years. This 10K changes a lot relative to what brought the price here
We're going up.
Court case....
For those who didn't read the part on the court case here it is. I'm very happy with this 10k as it answers a lot of questions about Medac and their future. Stock price is going up.
"As previously reported, on March 26, 2019, the Company commenced an action (the “Action”) in the Commercial Division of the Supreme Court for the State of New York, County of New York, styled as De lcath Systems, Inc., v. Iroquois Capital Investment Group LLC, Iroquois Master Fund Ltd., L1 Capital Global Opportunities Master Fund and First Fire Global Opportunities Fund LLC (Index No. 651749/2019). The Action seeks expedited equitable relief in the f orm of reformation and a declaratory judgement to remedy a scrivener’s error in the Series D Warrants issued in the Company’s February 2018 public offering such that those warrants do not contain a price and quantity ratchet upon a sale of Company securiti es at a price lower than the offering price in the February 2018 offering. The defendant, L1 Capital Global Opportunities Master Fund, settled with the Company by exchanging its Series D Warrants for Company common stock on a one-for-one basis, which is th e same ratio for which other investors in the February 2018 round exchanged their Series D Warrants in December 2018. The Company and the remaining defendants in the Action, Iroquois Capital Investment Group LLC, Iroquois Master Fund Ltd. and First Fire Gl obal Opportunities Fund LLC, entered into a settlement agreement on April 18, 2019, the full text of which is annexed as Exhibit 10. 4 2 to this Annual Report on Form 10-K, pursuant to which such defendants surrendered the Series D Warrants and waived all rights granted to them by or in connection with the Series D Warrants and all rights afforded to them to participate in the Company’s fu ture common stock offerings. In consideration therefor, pursuant to the settlement agreement, (i) the Company paid one-fifth of the reasonable fees and expenses of defendants’ counsel incurred in connection with the action and negotiation of the settlemen t agreement, the total of which shall not exceed $50,000 (the “Settlement Fees”) and (ii) subject to the Company securing and closing certain contemplated financing, the Company agreed to pay to the defendants $400,000 and the remaining Settlement Fees."
You must be reading a different 10k.
10K is out
That was just me buying. Don't worry should drop now. lol
Yeah kind of why I predicted a huge spike then drop. That is usually how those things go.
You can't buy much right now without a big spike percentage wise. People most likely weary on how exactly the 20 million will go down.