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I will be surprised if the reverse split is any later than Halloween, but risk/reward is horrible imo. These people that put up $30 million want to recoup that as quickly as possible and that process however it plays will happen after the reverse split
The disregard is stiff indeed, but I submit that other than controlling costs better and evil bonus payments in past that the company/Simpson is all about just surviving and looks like to me they probably will. I am looking to see if I ever buy again. Rode this to tremendous value between 2003 and 2010, and then reversed course. The product was not ready for prime time then. Now, I am still skeptical if the product will be worthy commercially
They said full enrollment by June 2018 and slipped and slipped until June 2019 and now full enrollment by end of this year as I recall. This was not an area of surprise, they slipped on phase 2 enrollment and many companies by the way miss enrollment deadlines.
There is no reasonable reason to take the risk of holding, you might get lucky with your timing etc.., but there is no scenario to like right now imo, maybe little damage vs. massive damage, I lean towards massive
An email from your broker I should think, but I believe it was stated in black and white Simpson has the YES votes, so do not believe the statement your vote is important. She wants in any case to make the money people happy, because imo she wants another $30 million by warrant execution. If you had $30 million for the company, she would be glad to sit down and talk to you
Brain teaser: If you are worried about the reverse split, do the (blank blank) following action
Shakespeare would say "Is it not obvious, to currently be a shareholder or not to be"
Ideally warrant money will come quickly, if not all the more reason to not be invested here too soon.
If and only if imo the past will be seen as nothing by most, if the company starts hitting on all cylinders over the next 12 months. I predict before end of 2019 it will be known if 6 cents post split is indeed the methodology.
No, they want a total of $30 million from warrants. The company perspective anyway is the faster, the better. The company could care less at what price per warrant, I am not sure it can be any higher than 6 cents post rs, it could be lower though worst case I believe.
The company could raise an additional $30 million through warrants, if done in a timely manner there will be enough cash to be okay until November 2020 when it is prudent to get more money. Maybe Europe will look better by then. Maybe submission will be near completion. If a resale has been done by big boys for close to $100 million, market cap could be $300 to $500 million. I think it is possible Simpson could be conductor of a fine orchestra by then, so thus the question ever remains "Will delcath ever turn the corner"
You are not getting it. The people that have put up $30 million ideally want to put up $30 million again at 6 cents per executed warrant post split unless there is an RS adjustment etc.. In any case the formula for them seems to be to double their initial $30 million as quickly as possible and then chew on the warrants. It is similar to an investor paying $30 million and sell for $60 million if possible, and then plow back $30 million for a free ride.
They definitely hope to profit, we shall see but I recommend retail stay away for now, I don't think Simpson and big investors make allowance for retail which is same ole, same ole
It seems more than ever like 1 billion shares after the reverse split which would be equivalent of jumping current share by 5000 if reverse split was 100 to 1
Stock price can be tricky but my guess is the window for a run for $1 should be over, too many legit questions
Ever so much confusion but seems like with warrants near $60 million possibly to company, and a goal to double that somehow for the folks putting up $60 million
You are leaving out warrants, my guess they will be exercised at least partially to stem off financial needs but these warrants will hold down price targets so a double edged sword
If a good analyst was to cover, they would discuss heavily the share structure likely after reverse split so and if down, down the line
$1 is possible, easy up iffy, if so then near 100 percent chance of historically proportioned spanking of a lifetime
Fast and loose. One can't even begin to really assess future stock price when reverse split ratio is unknown and how many shares potentially after reverse split. It could be 1 billion shares and in less than 12 months, but hard to forecast with certainty.
Okay I see the new press release. Simpson is very happy and it shows, she survived. This stock is going to run at some point, but it is complicated with rs, shares coming on board, warrants … Better late than early getting in is my view but could be a run, a crash, a run … surely Vegas style story
You may have to explain what I missed, all I learned was exact date of annual shareholder meeting. So far there is no dispute that this has been one of the sorriest sec filing public companies. Discussion of Simpson is the most interesting topic, she has never done anything positive for shareholders but is she working towards a better than expected long term ending, may or maybe not imo
For approximately the last 12 months, the company looks to now have raised more than $30 million dollars as this cash black hole company needs for survival. Simpson is a survivor, current shareholders I assume not, we shall see.
Never NDA but the current company line is between now and Christmas for full enrollment which would imply read out of results late 2020, filing early 2021, approval late 2021 as suggestions.
I expect bad times perhaps October, November … Maybe some good surprises but doubly surprised if any this calendar year. Full enrollment this year or next year, but probable sometime at least
No chairman here as I may be short sighted. Simpson might be better on some fronts, that is a maybe, who knows at this time. If this flies today, I will be interested in how the next 2 months trade, good luck to those staking an early claim, I have been early by at least 16 years so not working for me.
Company kudos sometimes. My guess being here so many years that the final chapter someday will be dismal, my opinion
May be a great momentum play tomorrow, after that Nov/Dec full enrollment or failure again. Before that reverse split will probably loom with its mysteries. 2019 with medac is a revenue black hole
Every prediction over last 2 years of bankruptcy did not come true obviously. Every prediction over last 2 years of shareholder destruction has come true along with before last 2 years. Who knows how many destructions compounded, probably at least 10.
A run without justifying fundamentals helps some win and entices many to lose
Filings are always hard to digest, stay negative my friends
Correction I read the max ratio is 1200 to 1. This alone should make longs uncomfortable, and we all believe motion will carry so nip in the bud trying to evade the whole thing imo with NO votes that will be slapped down
Interesting idea regarding the new board member. There is not adequate information on any topic at this time, so any long is flying really blind as no real knowledge of potential floor for price etc.. 6 cents as a floor is only a pure maybe with reverse split complication
the plot seems to thicken
Those warrants are NOTHING, compared to current worst case possibilities. For anybody mathematically challenged, if reverse split of 1:100 before preferred are converted to shares and is done as post split 6 cents, that means same as shares conversion with pre split price would be 6/100 of a penny. So is it a scam or legit financing deal for $20 million, time will surely tell
You have me leaning towards your interpretation, nothing is final imo, it would be the most absurdly outrageous take down which blows my mind, in fact others seem not to grasp here because partly it defies ethics as much as robbing a bank and shooting etc..
The conceptual question needs to be understood perfectly:
shares are convertible 6 cents pre split OR
at 6 cents post split OR
post split with 6 cents adjusted due to RS such as $12.00
I surely hope this is a legit investment at this point, at best though I see no reason to rush in and certainly not all in
I can't say for sure if this is a deepening scam or the best finance deal in forever, bankruptcy certainly seems to have been avoided. I am assuming the worst, a complete proven scam, but it is not all spelled out yet
I look for either an explosion in shares sold around 7 cents even, or a reverse split first then the shares made available.
If you are right about worst case, money folks believe they can fool people forever, I to be fair will say 50 percent chance you have nailed it, but you have to admit bankruptcy looked like the only way and we were wrong
The scam would have to work on the principle that people willingly will lose money in the face of craziness. Fair value imo might be $5 million after the carnage or LESS as such a scam implies fundamentals are a joke. My estimate would be thus when dust settles about 500 million shares at all of a penny post split as likely worst case. That is before the warrants kick in for further damage.
Maybe. It is ambiguous the whole thing in my opinion. The market cap based on 18 M shares is less than $2 million dollars. They have to drive the market cap up to get their $20 million back and more, not including if any debt is converted to shares. Regardless of how much current common share holders may be left in the cold, artificially changing the price from 7 cents to $14, ie who is going to pump money in the form of $20 million to bail them?? If they can work a scam, more power to them