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I don't agree about the why, but filings as poor as some are, are a superior source of information compared to message boards.
The really hard to read filings seem to be associated with the later filings regarding the convertible, particularly the misleading reference to 8 cents on leak out sale of closing the books with the 123 M for sale done at start of this year.
I got burned a little by that 8 cent figure.
If the vote turns out to be YES at this time, the next topic should fairly address why the offering holders voted YES.
I believe that is a total misread of the company. From the earliest days until 2010 started, just a normal little biotech startup.
2010 started out as the dream year with much, much larger market cap as phase 3 was reaching a conclusion.
Phase 3 was done with an inferior filter and an inferior treatment plan and compounded further by allowing crossover. Those obstacles were huge. Hope completely died in 2013 as FDA wanted a redo from scratch.
Simpson imo was cautious, careful, and slow about starting a new phase 3, which was started in early 2016 I believe. The slow clinical progress and high cash burn was all to the bad. 2016 was a very bad year for market cap and led to convertible.
Or one can just say scam, if one is so pleased. If there is not another convertible then the story moves on, b/o, bankruptcy or very significant dilution but not likely 45,000 fold share increase ala convertible
Seems reasonable to compare to Hobb's days but Hobb's last offering was attacked very severely by posters and that offering was somewhere around the time of the 2nd and last submission.
I believe delcath has suffered so much the last 4 1/2 years because spending was not cut deeply enough. The cash burn may have been its lowest in 2017, but at the expense of hurting both phase 3 trials.
Let me close the circle a little. I don't know anything about future stock performance, but I know the past. Disclaimer I think fair market value is below one cent, but since we are close to one cent that is pretty vague.
Back to the past, we all can look at years of bad charts here. I know of one poster that I am fairly sure is down more than $1 million dollars. It was his choice, the point is delcath can never be a great financial story when one looks at the whole picture
The only merit I see in this strange overboard freelancing many attack upon Simpson is spending is likely higher than it should be beyond the obvious excessive generous pay scale. But since nobody here will ever likely be a manager of spending by the company and since spending historically has been very high, it is barely on topic
Now, that would be a challenge. List the lies, I will see how many I think should be knocked down. If you refer to filings, direct quotes in full context would be appreciated
I can not think of any lie made, so I am open to education
I would not discourage people from selling, but I would not encourage selling either with this very low market cap, real estate does not matter, personal pocketbook is where the action is at and will be at
I have not seen their financial books, the burden is on you to make this relevant. I believe in the phase 3 progress topic, the company has diluted always
Opposite of Amen. I like Simpson for getting approval or b/o down the road a ways, proving wrong the unflattering portrayal.
She does it though out of self interest just like us gamblers because many people are going to lose a lot of money in this gambling business. So I take exception to leaving out the investment score factor being more relevant than whether Simpson achieves her goals
People are persuaded by others. I believe people are more easily persuaded to buy than to avoid. Once people first hand lose their money on an investment, then they are open to persuasion that bolsters new found negative slant.
If this vote ends up YES, where shall thought go? Simpson is just plain better than people think. That is how I believe. Only a magician could avoid dilution
I am thinking authorized increase will be treated like reverse split plan 1, more shares to work with
For months 1 - 5 has to be less than 2 million. If months 6 - 12 used 14 million total, 20 million still takes 3 months into 2019.
I agree with on another audited year, vote plans, money status, phase 3 status, but if people see or don't see as they so wish
by the way $4 million end of 2017 after convertible final settlement plus $4.6 million, $8.6 million by $1.5 would be just shy of 6 months of cash from end of year
A really strange scenario would be AS pass, RS fail, stock holds at 10 cents on euphoria, simpson achieves offering at 5 cents selling 500 million shares with thus $25 million in the bank and then starts another vote. Theoretically it might could happen, seems like about 1 chance in a 1000 but a variation of that, hmmmm
I would be very surprised if AS fails. Until the dust settles, this story on all counts remains open
Whether shorts are a big or a little deal, probably little, by the way what would be significant 75 million shorted:::: I can't imagine this stock being shorted down to $100K which would be less than 10 cents after RS.
YES vote should really put a pause to a mess of posts, sadly probably not. NO vote would be real simple, the same positive slants how Simpson will lose this time vs Simpson will reverse split with all her cunning and might
Of course if there is a convertible in future, all out pessimise should be a posting requirement
Can't say too often the real story is a convertible that was very destructive. The likely simple explanation is Simpson ended up in a tight corner in 2016 where that was the only option.
I think there is going to be a YES vote. If so, does that mean Roth is happy to believe Roth/Simpson as a team can be good? I am not sure about that, just a maybe
Keeping it real is all about a convertible financing deal, that ended up being utterly destructive. Any financing has the potential to damage stock price.
Simpson sees responsibility as the big number one to keep the company in cash. If there is no b/o or partnership which is often the case in such companies, dilution is the only, only tool.
Those are the real rules of gambling here. I would listen with more of an ear towards possible agreement that Simpson could of or should of somehow done better, but that is a normal risk imo
When people don't acknowledge that press releases were openly informative, that Simpson appears to have a great interest in success with phase 3 which is vital to ultimate success ... She has as good as said she would like to get a submission to FDA in 2020, she has the eye on the ball imo
That does not mean financing is a piece of cake, far from it
Everybody can choose their own charities, that is the limit of my power. I can't even convince people that Pedder theory is bad
My responsibility as an investor is only to make money, unless I know for a fact there is something evil. It is the responsibility of auditors, SEC etc.. to determine other things. If a lender to delcath has nasty interests on their dime, that is not close enough to home
The only true complaint is the convertible was a disaster, everybody in the world knows that. I don't care where Simpson spends her time unless I see it having an impact on my money
Goodness gracious, I am the one frequently recommending SELL since July, except for a 2 month period recently where I lost about 25 percent of my speculation.
There is no greater power ever for an ordinary investor than SELLING
The real point is not about Simpson at this time anyway. It is about holding because of belief in a Pedder theory, that you and I don't support. Particularly since half the people holding kind of believe they can't stop the reverse split, talk about wild speculation
Quite simply I am the one sitting on the sidelines in cash. Ironic situation. Simpson coincidentally is sitting on sidelines in cash as well.
Nobody has a way of analyzing how the millions of dollars has been spent in complete detail.
The convertible would have been less severe if there had been tremendous buying. The burden of proof is not on Simpson and Bod, it is not guilty until proven otherwise.
Why are you confusing a 2010 reference with a 2017 post? The 2017 post seemed reasonable before Simpson's important July filing.
I will ask again why do so many believe Pedder means anything, pay attention, that would be my advice
All the people voting NO here says it all. They believe nothing that simpson says unless it fits their view.
The only thing that maybe will change a few minds is significant financing and a period of stable or growing stock price. That will probably be less than current price
Since minds are locked solid about the past, turn around and watch the road ahead, may the best investor win
Good thing investing carefully is not a posted requirement, 99 percent of us would be in trouble
Sorry Super but it was not me leading the charge on concerns over lack of info. She doubled down on informative
High spending, high cash burn since 2010
Stock price decline since 2010
Office space in expensive NYC since 2010
I still think selling is the smart thing to do whether conspiracies or Simpson's ethics or chance of b/o being forced or bankruptcy being forced
It would be more profitable to dig into why just because Pedder is on board of this company, not his first external board, why believe any of the Pedder theory lines up with known facts
It would be profitable to analyze the vote on arrival
Well it is sad to think one gets 2 Spa agreements and a positive interim and an agreed relaxation of eligibility requirements from an FDA that was probably a brick wall of unfriendliness after the 2013 failure plus smartly chose imo no crossover and up to 6 treatments
Heck, if you don't believe there is a single nugget to be found should not have bought into this stock.
June 2019 estimate end of phase 3 was stated before the convertible.
It might take 6 months to do a submission. Hobbs on first try took at least that long.
I think the 35 percent leak out selling I believe is the vehicle, I think all 212 million would be sold given enough volume and a price of around .0135. Likely the pre units also for another 38 million
Well people buying delcath after July warning of bankruptcy went a different way than me, I sold in pre market on that announcement
What can I say posters attribute a great deficiency was lack of information. Great information was supplied and nobody wants to admit
The great information is somewhat negative, but as you may recall I predicted April 2020 was a sweet spot for approval, so we await word later this year more on this topic
No, it is not plausible. At $1, the market cap would be less than $1 million as I stated before. Few trouble to understand the interrelationship between market cap and convertible. If the company resorts to a convertible then it WILL be rinse and repeat, so nothing can be said about after reverse split until there is a completed offering in hand or an announced convertible.
I think Simpson has enough common sense and integrity to avoid convertible if she can.
Everything negative about Simpson can pretty much be attributed to just one thing "the convertible deal from 2016"
Office space expense is just a silly joke compared to the 45,000 fold increase in shares under convertible
I see nobody is stepping up to the plate and admitting clinical trial discussion by Simpson was very informative this week, pretty excellent
I am not saying everything delcath does is good. Be fair to Sam the poster.
You can't manage the company. I can't manage the company.
Also to be fair, like it or not one could have investigated all these issues before they invested. Yes shareholders are suspect. That is my message
It is not possible to upgrade anything until there is an offering that merits a favorable review. Of course I would expect on reverse split, any offering will probably be units and unit price well under $5.
If there is 1 million shares after reverse split, even a company on the way up in this case probably sees 50 to 100 million shares fully diluted by the time of approval
So if performance is good, conspiracies would lack fuel but at time of approval might be a whopping $6
If my assessment of Simpson is she is very good clinically and for a fact the company is always serious about finding money: I don't care if she plays golf during half the work week.
Needs for survival to be looking up, to raise minimum of $8 million after any reverse split. Needs to provide in 2nd half of year a positive report on enrollment challenges.
My input to management if was heard, be more responsive to shareholder inquires, could be brief and uninformative but just to know somebody is functioning in the role
I don't know what people could be thinking in this conspiracy haze, but you can't reshape a company into your image with the finesse of carefully crafted lawsuits. I sue that company reduce spending from $23 million per year to $3 million per year because of .... and .... and ....
You might could submit proposals for 2019 annual meeting, I don't know. Far easier to sell shares, if you do not like
You can't dream and vote your way into a nice buyout, just throwing stuff against a wall to see if something might stick type investing
Well this historian remembers the discussion about office space cost at its highest years back. History shows Hobbs built spending to a very high level in NYC and over 100 employees another issue. He saw himself as a king of higher stature than the current queen.
I posted a lot about rate of spending cuts after 2013 failure needing to be greater. Shareholders can only buy, sell, or hold. Maybe force a bankruptcy, but as we saw in 2017, I doubt it.
Although some truth perhaps as a theory, the clinical part of delcath I believe is 100 percent legitimate, 100 percent, again 100 percent
Also posters should be ethically bound to admit the press release on phase 3 appears completely beyond reproach about key information. Where is message board ethics, since ethics is of interest