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I keep saying delcath is legitimate, Simpson is legitimate. She uses her great corporate powers to achieve what she thinks should be done.
As long as the SEC and bod are happy with her, I am happy with her. I am out to win at poker in her saloon.
If there is never another reverse split, well the final phase of company will be interesting
Well, if the reverse split comes to be and the next offering is terrible, I would flip and say shareholders have to go away from here. Delcath = Simpson until proven otherwise
If you are going to describe the past, the stock mostly was trading near 3 cents as time wound down. I see forward as being a tough contest where buy and hold strategy folks are likely losers until a lot of money is raised
That post is about 4 week off in timing. The votes are cast, the ball is in Simpson's court. One has to consider the possibility for sure of a reverse split
Progress has been made but modern history starts with improved filter and procedures 2012, FDA saying in 2013 to start from scratch with a proper FDA trial for the new filter.
Why hide the truth? The last 4 1/2 years has been tough work to shape the company towards the future. You are accomplishing nothing portraying the past in the most bitter manner possible.
Let the company have its vote and if there is a reverse split, let the company pass or fail on getting more money. All that needs to be said is don't buy the stock until it proves it can do a productive offering
and gold mining companies and biotech startups are among the most capital intensive. I would have a better chance opening a donut shot
You should reconsider that post. Seriously
You guys can say stuff a million times, but only true things are true. Golden parachutes and excessive executive salaries are rather normal.
It is a stinky stock in a corrupt world, but considering the environment an outstanding product and clinical smarts.
The issue coming to a close is buyout, yes or no. Then if not a buyout, maybe time to believe not commercially attractive now and maybe never.
Most businesses fail, just your gambling money allows failure to be postponed to an enormous degree
Objectively most folks that have any knowledge of the company think it is a sewer stock. So the details don't even really matter, if one assumes it is a sewer.
The exception is the ever present buy out hope starting big with June of last year. Soon maybe that topic will draw to a close, one way or another
Well I hope it is every bit of a super story as I took it to be.
Yes, easier ie more like a take down vs buyout. If something good was coming the stock price is doing an excellent job of hiding it.
Strictly from a vote angle though a split decision favors business as usual, might make for interesting times ahead on a split
If the company does not have the votes, it is doubtful an extension would help the company get enough. Certainly if they fight a NO vote, it is likely to be the 2nd and last line of defense somehow with preferred.
The bigger issue for b/o fans is leading indicators were weakened by the week of trading.
A split decision for authorized may though allow delcath to fight another day, maybe the 2 vote items spell Simpson is diabolical in having her way to win over shareholders
The only thing that I would add to that post is phase 3 could bring this company out of a hole. Whether the offering is beneficial to some as a lead indicator, we shall see. I would like to see $1 after and if a reverse split, hold tooth and nail above. If around $1 or so, it would in best case transform a lowly $1 million market cap to a $20 plus million market cap with delcath loaded with cash and probably down the road warrants to shoot to get filled.
That would be huge even though bad for current share holders. The same scenario if offering is $3 units would very nice. This is poker, sit out the hands until you see the whites of their eyes to reduce risk
Simpson and crew are selfish, I don't care about selfish that much, Simpson is more intelligent than people think, but the offering is dangerous, and Simpson needs to deliver
The super falsehood is to think Simpson and crew want to skate on thin ice. That is the crazy thinking that has dominated because of the convertible. They care to get the ship up right, you just fail to see.
So it is not motivation issue, it is just a performance issue
More likely than Trompete's predictions, but no guarantee. The big reverse split goal though is to trade in dollars, last time for a lengthy period was after 2014 reverse split.
You can run but you can't hide. The elephant is the vote. Then on to new elephants
We don't have a vote yet but on a next offering. Needs to pick up at least $8 million out of the gate to have a running start. She will not go for $20 million if the support is too lethargic.
It will be a bad beating if offering is as low as 50 cents. If $3, that would be okay but it will be units again.
If there is a reverse split and business continues on, I predict quite a few that have stated Simpson is essentially the worst of the worst, will likely buy down the line. Whether money made or lost after they do, that is not very predictable.
Maybe 1 in 3 will buy. I suspect I will be buying, delcath looks like a good company for fun speculation that needs footing, ie traction, stability
If you were a Roth Indian and knew how the 212 million was voting, what would you do with your shares?
One thing I am fairly confident about anyway, the offering folks are not busy buying big time. They could easily buy up a bunch of shares around .013 to .014, if that was their interest. In that case the stock would have closed above .013
My theory is formed to fit from domino to domino. Assumption smart folks bought offering, warrants one year out. To me that means they expected reverse split, not a buyout, expected to lose on common and are selling their common according to 35 percent of volume limit.
Obviously as well smart money would never short if they expected an announcement any day of buyout or if a NO was potentially reported any day. Would you short knowing about June last year if a vote was under way?
Of course if you knew there were 212 Million YES votes, then maybe shorting is smart.
Certainly 10 little Indians or whatever would not short if they had wind of a buyout. Blaming everything always on naked shorts does not work for me.
Just think then NO, no way. I am not a believer shorting is significant in this price drop since reverse split plans were announced
I doubt the math. If it is correct 20 percent threshold for HB to keep quiet, was that correct? I get about 88 million plus 32 million for 120 million. The 92 million unaccounted for would still require 5 Indians I believe.
So for now HB could be one of 9 or 10 or so little Indians versus just a fat non-giant Indian or not present at all.
I do agree Ayrton would not be a risk taker, they did not do it for patents the convertible either. HB and Ayrton did it because they knew how to suck the maximum blood from a convertible. Now Ayrton is confident probably in another way that is vague to us, but sticking to 3 percent chance of buy out, ie a buy out w/o bankruptcy first
Stock price as of yesterday close should be used as a guiding light on a b/o, and what does stock price say
No or YES, that will be informative
you, and I, and probably all here
these warrants can't be used for shorting, warrants only represent future potential shares long after reverse split
it is you
Since I am retired and love drama, I hate long weekends.
Golden parachutes is not something I recall, not sure if it was ever publicized so clearly. Seems like since Simpson has been top dog so long, she would have made sure she was covered before now.
A golden parachute can be seen in a positive light in case of no imminent b/o. Rationally it weakens the theory that Simpson is against a b/o due to personal interest conflict
It is an Alice in Wonderland ever since the convertible destroyed wealth at a record pace and belief in management at the least.
I am a seller of the future, it is a gamble but less so imo than gambling on immintent buyout
Here is a fact. The convertible threw down the stock price like gravity but it raised $30 million plus to keep the company alive for over one year. Simpson HOPES to be able to discuss more freely end of phase 3 in the latter half of this year. If that HOPE materializes, then 2019 will see the end of phase 3.
120 patients to best alternative care, 120 patients to CS or maybe about 480 total CS treatments my guess if trial goes to full length. Maybe first 100 CS treatments to ICC phase 3. Maybe upwards of 700 commercial treatments in Europe. Rapture is the lead driver in modern times for too soon too far but how about enough of the bearish rinse and repeat mantra
Delcath legitimate, Simpson legitimate, disclaimer not in stock currently
Little retail is like a bunch of organ donors that participated, because they hoped to win a Lexus in a drawing.
The last offering though is still a mystery. Warrants means sophistication, that we have to guess at. I believe whoever was in it knew they would lose money on the common
We all took a risk in the past on delcath and if the vote is YES, some of us will choose to take a risk again
There must be a successful offering. The last offering gives me some hint. A new offering will have warrants, almost a certainty. These 2018 warrants will bring a huge amount of money into the company in 2019 along with another huge jump in number of shares outstanding.
The real rinse and repeat is the same ideas bounced back and forth by people that are not interested in clinical progress, realistic timelines to approval, etc..
Nobody knows for instance how the warrants will work out in the grand scheme, they are not free shares, it is a formula we can only guess at since more offerings, complexities that people don't want to think about, more filings that cause eyeballs to fall apart
Think future. You can't see the future by being so dead sure as you all are. Simpson can bring delcath to victory in the end. I think it to be the truth. If Roth agrees, we shall see
Time for predictions: When will vote be announced? Results? Closing price for next week. Other news?
I think it will close sub-penny. If reverse split passes, my guess will take place Apr 23 and offering done on May 4.
After reverse split and before offering, price somewhere between $1 and $5.
I interpreted terminate to mean abandon the vote, but can't say. If the YES is solid, it could be she wants to look as good as possible by waiting out the time announced. She probably gets dizzy with all the complaints.
You better hope it is 10 little Indians. I really think that is the case. The proofs needed will come into play after reverse split if reverse split in the form of a Roth offering. We are of course a long way from assessing quality of offering
Remember when company announced that HB and AYRTON had a max of 10 percent between the 2 before offering, due to selling the 123 million shares down.
Conclusion there are roughly 10 little Indians signing up and Roth was the guiding hand. What is Roth part in all this? Next offering
Probably be less than double 212 or 424 million counted, if 214 FOR out of 422 Million voted DELAWARE interpretation of YES passed
The only thing that is solid is vote resolution no later than cob next Friday. If there are at least 212 million votes FOR, then it would be a shocker first if Authorized is voted down
I did not read super carefully but my interpretation is if the company chooses to abandon the vote they can, but for a YES resolution they might have to wait until next Friday. If it was an overwhelming NO, the company could string it out for some reason such as b/o or bankruptcy planning.
I really think though all 212 million would vote for authorized share increase, but people with money would fully realize the warrant description is 1 year wait they signed up for. My interpretation is there must be more than 1 billion shares outstanding by time warrants are executed. Don't know why ticker does not see, I think emotion
First lesson: focus on what is important in recent weeks. It is the vote, although vote resolution opens door to new items. The recent 8K takes on more meaning if vote is NO.
Why YES vote? It has been said why plenty of times. No phone calls this time so far I presume. But folks neglect in a tight vote, AS increase may be underestimated as a fall back plan