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Don't neglect 212 million crucial votes unknown at this point, and some of those voters may talk 1 on 1 with Simpson. I am the only poster maybe in the universe that believes Simpson is out to snatch victory from the jaws of defeat. Just a case of correct timing, too soon imo
Looks like presentation will be a bore, talks behind the scenes may be different
I hope that money people at Roth like Simpson, like what she has to offer.
Otherwise, the world of hurt may have no pot of gold at the end. If there were people putting up $300K at the last offering, what they think may have a lot to do with destiny
Just hypothetical but if the company did state 200 enrolled, that is red meat just what the biotech world should like to see.
The down side is if she does not give a count as the norm, gray continues
200, she would probably be shouting from the rooftops
Part 2, only about $170K trading, people are more afraid than excited so far.
If Simpson said 200 or more enrollment, logically the world here should turn upside down, but logic is scarce
Contrary to Matt, I think offering holders are still wanting to sell. My interpretation is tomorrow may be informational long term, but they expect to buy cheaper after reverse split
The market cap is very low, so there is not a likely hard downside now over next 2 weeks. I was thinking about buying early this morning for a quick flip as a little anticipation for tomorrow is reasonable.
Also there is a chance obviously for an all time record quarterly revenue that could be released at any time. Keep in mind Simpson is not much of a pumper and I think delcath is still behind on enrollment.
I would not be surprised to hear some positives but needing money does not sit well with little retail. The bigger boys are happy at best to get 95 percent of the pie in a steal of a deal. That is how unpopular micro caps roll imo.
Past history shows that if there is a NO vote, the stock might triple according to June vote. However the 2nd NO vote did not. Logically there is even less chance this time as long as there is reason to believe Simpson can override the NO vote.
There is no good historical measure if the VOTE is YES according to Delaware law, since that last happened in the cave days of 2016 before convertible forever changed the investor/management relationship.
Seems like it has been almost a year since a broadcast made available, but here we are tomorrow
Information score is not the issue. The issue is view Simpson does not care. Information short of a spectacular nature will not change the perception of Simpson, it is frozen.
The real information has been there all along. Simpson wants to raise a massive amount of money. There was never any secret that the last offering provided way too little money. It has been known since around 2010 that cash burn was very high, and reduced down under Simpson to $1.5 million per month which is huge. Now there is reason to believe cash burn is climbing again and that could only be due to operation of two phase 3 trials, together enrolling possibly many patients over next number of months.
I mentioned that once or twice before, and it was completely ignored. Anybody could have learned that with easy DD.
The future is where eyes need to be. If the vote is YES, that opens up speculation in one direction while NO vote in another
Either way RS in my opinion, the difference is how optimistic vs pessimistic.
Spoken like some one that never really believed in the technology or the phase 3 operation. Common belief here so if you bet on something you don't believe in like quite a few here ...
Too bad as well so many are convinced a b/o is such a sure thing when real evidence says NO imo
you are a perfect example of a mountain of crisp objectivity
I would not claim Simpson is a person of integrity, so she is suspect in all things. She of course whether through lack of integrity or lack of adequate concern, could have had a significant negative impact.
If though there was no b/o interest worth speaking of from 2013 until this very minute, it is more a case of things have not gone her way that well imo. She would rather this was $50 a share and a billion dollar market cap purely out of self interest, I take that into consideration when I speculate here
Out of your list, the big serious would be if company intentionally covered up buy out interest. What would be number one in your belief?
the problem is judging fiduciary duty is like judging ice skating. You can personally do it for assessing quality of investment.
You can't use simple metrics such as the stock price dropped 99 percent in 2 or 3 months, you certainly can't use emotion
Probably not 1 in 10 believe YES vote could be 250 million. Time to challenge thinking if that comes to pass. If RS vote fails, time to speculate full tilt along that line
it is a vehicle for thievery, but you can't expect more than Simpson gives. She gave plenty of convertible info from beginning to end. She never secretly did a reverse split. If she forced it illegally, that is breaking the law but folks knew about the forced plan for almost a month.
Even on the argument of just incompetent management, it happens all the time and consequences can be huge when there is practically no revenue
No, it is clear as day that convertible financing all spelled out in documents, tracking periodically share increases led to 45,000 fold increase in shares. The only point of dispute is whether Simpson has not taken advantage of b/o interest. Probably 20 people this round have voted NO as stated on board and no public company has expressed any interest in buying out delcath.
One of us can't handle the truth. On that statement we can agree
Good thing that capt. 370 did not get you started with that in 2010, you could have done a lot of buying by now. As is you have scarcely had a chance
You are the clearest, well known spokesman for that view. Even you have to admit if such happened again here to posters who read your view many times, those people stole from themselves
Will some folks ever admit that the wide range of views on everything regarding the company means when you lose, it is not theft. There is always the opportunity to man up, but oh so few ever do
No way it is purely a vacation. Simpson is always serious when it comes to getting money, let's hope no more convertibles or bankruptcy. She also does not hold votes for rs for entertainment. She is all business.
Two components: A YES vote victory plus Roth conference could mean Roth and Delcath are essentially partners. Actually if reverse split makes Roth happy, then it is a case of favoring Roth over current retail.
If delcath is raising $20 million, probably handing over 95 percent of the pie was inevitable anyway and not entirely unfair
As soon as 500M warrants not executable for one year looked likely, everybody should have broken down the door to escape
If the delcath world order is like I think it is, the only chance for a big move up before reverse split that I can think of would be big phase 3 news. Despite recent news there is not enough ammo to think European revenue is a current game changer
I don't think it is expected in the least though, with maxm etc.. selling as fast perhaps as leak out will allow
Also, I don't think Simpson would intentionally crush retail to give preferred folks an inside edge. that is my opinion
good thinking but not accurate and not worth worrying about. My being comfortable does not guarantee success of any kind with this company.
I certainly though still believe fair value is somewhere in sub penny land. It is amazing though how many shares just $5K can buy now, unfortunately I think the short term upside for whatever reason will not be much more than 2 cents. 2 cents looks more like a challenge as well
Highly likely, my assumption is the offering holders are no friend to the rest of shareholders, although the reverse split I have become very comfortable with. I can't convince anybody otherwise though
Post reverse split that is where the road is unclear
aemd is similar on pay, worse revenue, but less cash burn
If the company can survive financial threats, 90 percent chance of b/o or successful end of phase 3. That tells me plenty about Simpson, but people are deaf, really deaf
Most bears are too bearish, most bulls are too bullish. Every time table is a lot of guess work, except reverse split which history shows will be off no more than 30 or so days. Simpson will if necessary implement the steam roller asap after any disappointing vote
The big IF is can the company survive long enough, it is not a done deal
Nobody right now also can predict if destruction is coming to an end with the 5 million market cap, ie if most only lose 50 percent max from here, that is not outright destruction
My hunch is no more than 90 percent destruction from here but I certainly don't rule out bankruptcy of the worst kind
All you need to make ineffective phone calls is to hire people for very low pay, even if you have hidden schemes. Investor relations could set that up
If Simpson was motivated enough, she could have done some calls herself, she is an excellent speaker as I have listened to company calls many times
Whatever the quality of management, nothing wrong with the viewpoint that one is at their mercy/whim/decisions in the great majority of cases
From my corner, will there be phone solicitations and/or does the last offering provide a lock for YES vote?
Luke
9 months ago
Delcath is legitimate. People trying to drive this down not caring about what damage it might cause the company should be ashamed if they know Delcath is a solid company. My wife's uncle is in this program in Philadelphia. They gave him 3-6months to live. That was 2-3 years ago he's still alive and functioning really well. He's in the final stage of the program he just went to hospital today for his last and final treatment. I am a witness that Delcath has a viable product and solution.
No, I don't apologize for people who do bad investing. There is little chance that this time will be completely like the last one so short a time ago, but happy I sold and took my losses recently
I was against that lawsuit, but of course I collected since others were on the take.
Now, tell me if the settlement was a nice ratio compared to if I had traded wisely.
And of course, the most evil of all villains on that round was Hobbs. Hobbs of course got a head job at another company, and the message board for that stock viewed Hobbs FAVORABLY at that time
Well, what would be the comment for people who like the seemingly good effort in Europe and vote against at the same time. Rap would rather have bankruptcy, hmmm???
Most people would rather be pumped with a stock up a long ways for them than those who have been slaughtered on a regular basis
Some of you better hope if you stay long that Simpson is smarter than you at every turn, unless you hope a NO vote surge, or the famous benevolent lollygagger b/o boy
Amazing how few people remember that carrot stick. Except not amazing. I don't trust even if there are 250 million YES votes that going long will work out okay, just thinking about if that road appears
Thinking delcath was worth billions, my memory is vague as to how many, seemed rational. Being long on delcath, except for hopes of a spike on NO vote, does not seem rational