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Now that is some of the best logic I have heard for a while.
Yes, we may not hear anything for some time. It would be in her best interest. If traders are savy, they would figure this and buy now at bargain basement prices.
James
DCTH fending off a short takeover.
In addition to the huge 1M short spike, there have been other shorting activities going on this morning. However, we are coming out of a bowl-shaped pricing pattern indicating buying pressure is outdoing shorts. Volume is tapering off, but as soon as the price moves up with strength buyers will come onto the the scene and push this stock price up much more.
James
I do believe silence is a payback.
It is possible she is trying to swing a deal. But even if she is, that is no reason not tell shareholders the outcome of the vote which she has. If she keeps the shareholders in the dark, she will be doing it to get back at them in not officially knowing the outcome of the vote. But, she will also deepen the path of further shorting which has plagued share price. This she wants. If she can not see her plan executed, then she will take down the shareholders' investement value.
James
1M shares shorted @ 10:17!
The price sold was 0.1200. They are still at it.
James
The question is not YES or NO on the vote.
It is so obvious that a NO was cast against the reverse split. By DCTH not coming out in after hours last Thursday saying the vote was YES, it was clear the BOD didn't get the votes. Then there was Friday if for some reason they needed time to tally votes. No word from DCTH with a stronger signal the vote was a resounding NO! Nothing over the weekend and now we are into Monday with no news.
No one on this board need wonder what the vote was on the RS. It was a NO! As I have posted before it could take days before DCTH officially announces a NO vote on RS. In the mean time, anything could happen like a buyout, a merger, a takeover or even an announcement to file for BK (which I severely doubt).
If the NO vote is announced, expect a big cover by the shorts. That could happen anytime and it would be bad to be out then.
If anything but a BK addresses the financial difficulties, expect a spike in price per share.
However where you slice, this is not a good time to be out. Buy back in. And only a NO vote has occurred.
James
That really doesn't make any sense.
Stocks dip far below 10% everyday but shorts keep on shorting. I didn't see anything in that Rule 201 of trading details.
James
What is Rule 201?
James
This is not what I was expecting.
I think shorts see this waiting game as an opportunity. There have been a few short spikes this morning as well as other shorting to pull this stock down. Hard to know where this downtrend will take us. If it continues, it could be just short of ugly. If there is an infusion of buyers (which we have seen recently), then the stock could pop up unexpectedly.
James
I doubt that you will receive any news today.
It's near 10:00. It will be no earlier than Monday now. It's a NO.
James
toro bravo
The Mexican roofers left late last night, in the dark. They worked a full 12 hours to get my roof on. They are almost done and should be gone by mid-morning. Good thing. I have a hurricane (Irma) coming through here the beginning of next week.
Next two days big for DCTH investors from a NO on the RS.
James
YES and NO
If the RS was a YES, we would know now. That would be the news Simpson would love to tell the shareholders.
If the RS is a NO, then we may hear something today. But because it would contradict Simpson's plan, it would likely come out Monday or even later. She would defer announcing this result likely to get back at the shareholders for disapproving her wish.
Seeing it is 7:46AM and no news yet, each passing minute says that a NO has been reached.
James
Huge dropoff in shorting
% short % naked
8/16/2017 42.6 53.63
8/17/2017 39.8 35.11
8/18/2017 39.9 43.99
8/21/2017 31.5 49.05
8/22/2017 35.3 52.4
8/23/2017 41.3 42.7
8/24/2017 41.8 48.47
8/25/2017 33.6 58.47
8/28/2017 24.1 61.59
8/29/2017 34.7 47.31
8/30/2017 37.4 57.8
8/31/2017 39.2 59.25
9/1/2017 25.9 62.48
9/5/2017 24.8 52.9
9/6/2017 36.5 54.4
9/7/2017 21.3 56.4
Bid x Ask in premarket
0.1300 x 0.1460
No news, which doesn't surprise me. The longer this persists, the more convinced shareholders will be the reverse split will not happen.
James
No news @ 6:26PM
If there was reverse split approved, we would have heard about it. The only other way it would be announced for Simpson to get the biggest bang for her buck would be to announce it when the market opens tomorrow. But an approval for a reverse split would have lasting effects on the price for days. A few hours means nothing.
I believe this lack of announcement says NO to RS.
James
Last three trades
Time Price Volume Market
18:16:42 0.1366 700 NDD
18:16:08 0.1366 450 EDGA
18:15:25 0.1367 4000 NDD
Anyone looking for a "last trades" tool?
If so, I found this yesterday.
http://quotes.freerealtime.com/dl/frt/M?IM=quotes&type=Time%26Sales&SA=quotes&symbol=MSFT&qm_page=35340
Works for premarket, regular session and after hours.
James
That would be hard to prove dirtydozen.
I'm with you all the way, but this stock has been cycling throughout the day. The stock @ 3:12PM went from 0.1355 to 0.1341 and recovered. It is unlikely traders are reading each message on this board and reacting accordingly. It could be more coincidence that anything else. A short trader may have decided this was a good time to short. Still, it is possible someone could have sold because of it. The size of the block was about 500K in size.
James
It's hard to believe a company would do that.
But then again, we had a president who accepted foreign donations for his campaign (which is illegal), approved of bullying voters not in favor of him, manipulated voting booths so that not one person in several counties did not vote for him, falsified his birth certificate, his selective service record and social security number. And that is just a few of many, many nasty and corrupt things that were done.
So it shouldn't surprise me Simpson can live such a low life. But she has now shown it.
James
Starting a new leg up.
This last half hour should see us easily break through the day high and perhaps make 0.15 to set the AH trading.
James
Roofer worked hard.
While on my roof, the rain came pouring down with lightening but they worked through it. However, they said Tuesday they would come back to finish the job the next day and never showed up. It rained all morning yesterday so perhaps they figured a half a day is not worth working. It is clear skies today so I expect them to be here in about an hour and finish up the job. I roofed my last house and know it is a young man's work.
James
You think someone wants to partner with DCTH without Simpson?
Voting ended
As someone has already stated and another supplying the link to that statement, below is a quote for a company's solicitation to vote,
"Voting Instructions
All stockholders as of the July 13, 2017 record date can submit consents, even if they have subsequently sold their shares, and the Company encourages stockholders to do so before September 6, 2017 at 11:59 p.m. Eastern Time."
https://finance.yahoo.com/news/delcath-systems-inc-announces-extension-123000120.html
Seeing the expiration date for the solicitation is set for 5PM today, that must allow the company a trading day to process all the voting data and decide where to go from here because the RS has failed.
I believe we will unlikely hear nothing today or tomorrow about the results of the voting because it will be a NO. We will likely hear something on Monday in premarket.
Today should be a big day for trading. Huge AH volume last night indicated that.
James
After hours trading
A lot of trading going on tonite. More than 800K traded. The selling and buying intensity reflects their opinion of the outcome tomorrow. Some want out because they see a great drop in price with a YES. Large blocks are being dumped. Some want in because they see a spike tomorrow with a NO. If the AH's trend is upward, then there will be a volatile premarket if news is not released until later.
James
I agree
If it is YES, this stock will likely collapse because 1) shareholders don't want diluted stocks, and 2) much more shorting will take place. I wouldn't be surprised if it hit 0.06 on a YES announcement.
If it is NO, then I believe the news will be delayed at least a day or even longer. If the news is released on a NO tomorrow, the stock will easily double and the days following it will continue to rise significantly because shareholders can keep their undiluted investments.
Getting out in AH or premarket may not be a good thing to do.
James
Now is the time to buy, not in After hours
That will probably lead to a last minute runup, better price now.
James
Crazy day - last half hour run
Heading towards breaking through 0.12. We'll see. The way this day is going, it could retrace or break through 0.13 in the next ten minutes.
James
Latest news implies RS a NO
The 8-K filed this morning is a reminder to vote YES from the previous letter sent out. More begging on Simpson's part. With now three (3) filings are news bulletins out urging shareholders to vote YES, it is obvious that the latest RS recommendation is a NO>
It is interesting the 8K has this tacked on,
"Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares."
Call it what you want, this warning reinforces shareholders failure to vote YES will adversely affect DCTH's financial position.
RS failure to be approved is a done deal.
James
I am talking price momentum, not company worth.
Any stock can double on any day, any day. A stock undervalued at a very low price (like in the pennies) can go 10X on any given day. That brings us to DCTH.
This stock has been shorted to death, and most of it illegally (naked shorting). If the stock could rise to 0.20-0.25/sh before the news comes out of NO on RS, then when the news is released I could see the stock going 10X or higher from excessive short covering and buying pressure. That could put us in the $2.5 range, and with more news or increase in buying pressure, see the price hit at least $3/sh.
I have added a lot a big if, but it is possible and certainly not unlikely to hit a range of $1-$3 per share.
James
Last run in regular session will be last half hour.
The stock will meander and gradually turn up, but the last hour will be eventful in light of tomorrow. And those who don't want to pay top dollar for shares will buy before after hours which should see further increase in price.
If then news is released after the premarket, then premarket will be intense. But, as I have stated before, if the announcement is a NO vote, it is possible we will hear nothing tomorrow, perhaps even for a few days. If it is a YES vote, then Simpson will triumphantly make her announcement to the great loss of the shareholders.
Here's to a NO vote and great escalation in price before the news is released. If so, the price could go from $1 to $3 for the future billion dollar company.
James
Shorts are having a lousy day.
Isn't that too bad. Their trading spikes are tiny compared to the buying spikes I have just seen.
James
It will reload soon.
Huge 1.2M block of shorting at open.
For shorting since then, it has been relatively quiet. Buyers have come out and pushed it up. I think the bulk of shorting is over today. They made their push down to 0.998 and that is as far as it is going to go.
Up, up and away ... in time.
James
I agree. Volume is key and great reduction in short. Average to heavy volume with minimal shorting and this stock will begin moving upward with great buying pressure.
James
Shorting in the decline Friday/Monday
% short % naked
8/16/2017 42.6 53.63
8/17/2017 39.8 35.11
8/18/2017 39.9 43.99
8/21/2017 31.5 49.05
8/22/2017 35.3 52.4
8/23/2017 41.3 42.7
8/24/2017 41.8 48.47
8/25/2017 33.6 58.47
8/28/2017 24.1 61.59
8/29/2017 34.7 47.31
8/30/2017 37.4 57.8
8/31/2017 39.2 59.25
9/1/2017 25.9 62.48
9/4/2017 24.8 52.9
I know what is going on.
I'm not a newbie with this. I am not shorting. I thought everyone knew that. I am holding on my investment. I disagree with you on tmorrow's trading philosophy. Shorts will still come out because of one reason: those shorts expect the stock price to plummet when on 9/7 DCTH announces a RS (which I bdon't believe will happen). Others will buy because they believe this is their last chance to buy shares before the stock blows up from shorts covering when the RS is declared dead.
There will be lots of trading tomorrow, but I don't believe there will be short spikes like the last week. The RS plan is so stupid that investors will pile on to catch the wave on 9/7, the wave UP.
After hours and premarket will show the trending, UP, not down.
James
Short today didn't like the last 10 minutes.
It's just the beginning of shorts betting on the wrong side. I don't know if a trader can short in after hours. If they can't, they will not sleep well tonight. They poured millions of shares into foolish trading. And between half and two thirds of the shorting was illegal, e.g. naked. The SEC will be all over them when this is all over as well as the broker who sold shares that never existed.
James
Last 10 minutes stickin' it to the shorts!
Lots of buying pressure! Go! Go!
James
Agreed with wall, dirty dozen.
I thought it was the MMs screwing things up. That may be part of the answer. But I learned more than a third of trading has been shorting. Can you imagine 1 out of every 3 trades is a short? That would kill any rally. I think the bulk of the "wall" you spoke of is due to the shorts. That is going to stop shortly. Have you noticed the sell-off has ended late this morning? That is because shorting has really diminished in trades. No short spikes since 11:30. Any buying pressure this afternoon will have an usual push up we haven't seen in days.
James
Shorting
I think with the price as low as it is, those who are shorting will be in into Sept 7, not exiting before. They are committing themselves to a RS at this point. They really haven't made any money yet.
James
Last real short spike @ 11.25
Price was 0.1017. I think major shorting is over for today.
James
Sept 7 or later
James
Constant shorting activity but smaller doses.
We will see if the buyers can pump this up the rest of the morning and into this afternoon.
James