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I thought the PR for the Oppenheimer Conference said it was on the 28th.
@Rap - Not surprising, given the short-feeding frenzy we were treated to, thanks to the likes of HB, Ayrton and other guilty parties. I've read some of the details about the lawsuit involving these creeps and fail-to-delivers on DCTH short positions are pretty much exactly what I'd expect them to be doing. Scumbags.
@slmlrd - Hmmmmm. Yeah. About that float being locked down and lots of selling. Probably a whole bunch of naked shorts and subsequent fail-to-delivers....
@Leo - 0.50 at least once before Sept 30th? That would be great, but we better really hope the R/S gets voted down AND Jenny doesn't pull another fast one on us, because 0.50 AFTER an R/S isn't going to matter.
@H2004 - Thanks for being a voice of reason!
@RainyDayWriter - On the other hand, maybe it belongs on the Delcath.org site as exhibit A of the self-imposed code of ethics that they intentionally violated?
@Looking4BIGCash - Insider purchases?? Now THAT would be something to marvel at!! I am appalled at how few shares this management team owns (unless they are somehow obscuring ownership), so ANY insider purchase would be quite a catalyst, I should think, IMHO. GLTY!
@DE - How do they sell the IP if the rights are still assigned to HB?
You mean just like it did after the last R/S??
If you bought shares on or before the record date (Feb 9th, 2018), you should be eligible to vote. Normally, you should receive notification from your broker either by email or snail-mail. I use Fidelity brokerage, and I received a message via Fidelity's website that took me via a link directly to the ProxyVote site to vote. If you did not receive any kind of notification, contact your broker to find out.
@Rap - Say it ain't so!!! I've certainly enjoyed reading your posts. I do hope this turns out well because the thought of you heading off to Castrati-ville is too much to bear. LOL! GLTY!!!
@Matt74 - Thanks - Good tips on the trade entry and exits. I appreciate the information. To be clear, though, my comments about the parabolic vs non-parabolic moves were purely from a mathematical perspective. For example, I would consider the move Bitcoin made from May '17 to December '17 as parabolic. If you look at the price chart over that range, it looks like a parabola. So, all I was saying was that when I hear the term "parabolic" in the context of a price move, that is the image that comes to mind.
@Matt74 - I guess I'll learn that lesson the hard way then. However, if you're talking about a run up from here to 0.03, I realize that's over 100%, but I wouldn't call it "parabolic". When I hear that term, I think at least 10X.
@Matt74 - I think they've been shorting since they took it from $11 to $0.05 in a matter of a couple of weeks after the R/S. I'm still waiting for the parabolic moon shot you seem to think is imminent. At this point, I'll take anything above 0.09, and I'd be thrilled if we break above 0.10. But right now, it feels like Charlie Brown waiting for the great pumpkin to arrive. LOL! GLTY!
Well, I just did my small part and cast 50,000 NO!!! votes. GLTA!
@Rap - Be careful waiting until the last minute. Last time (when we actually got to vote), I think they terminated voting earlier than first announced. Although, that was probably because they figured out they didn't have enough votes to pass the measure.
@Rap - I want to know if there's a way we can vote F**CK NO!!! instead of just NO. Kind of like the volume knob that goes up to 11 in the movie "Spinal Tap"
@H2004 - In that case, you should go back to the beginning and read it again, thus traversing the circle
@RSamDD - That's what I'm hanging on for. My average cost is around 0.06, so if we get a pump above that, I'm likely out. GLTYA!!
Just curious - Has anyone gotten proxy materials for the R/S "dilute-athon" in the mail or online yet? I use Fidelity brokerage, and normally proxy solicitations show up in my brokerage account's message inbox, but I haven't seen anything yet. When I do, I'll be sure to vote NO!!! I only wish they had a "F**K NO!!" option. I'd be sure to upvote that one!!
@DE - Don't sell yourself short. I suspect you're a lot more educated than many who hold college degrees.
I'm not surprised. Look at the anemic volume. Less than 25K shares traded today. Think about it. Your one order was for half of the entire day's volume!!
@mpp - I certainly agree with respect to INTV having solid fundamentals and being transparent. In fact, that and the low float were some big reasons I took a position - and may add some more on this latest dip. However, the problem I see for INTV - and I've posted about it before - is volume. Other than the big run-up to $7, we haven't had the kind of volume we need to build a sustained upward move. I am somewhat encouraged by the price chart though, because it's been in a pretty well defined consolidation pattern the last few weeks, and there does seem to be some support at around the $1.30 level. I think we're building a good base there for the next leg up. But we need some volume to do that. The CEO has been great about getting news out. We just need some of the bigger buyers to step in and some good press to get some institutions to buy in.
Well, at least with it down like this, ClayTrader won't be showing up right away. So, we've got that going for us....
@Trompete - Here's what she actually means:
"Voting No on the proposals will have a negative effect on shareholder value. However, voting Yes will have a DISASTROUS effect on shareholder value"
@Rap - Because who in their right mind would want to buy a majority stake only to have the current BOD dilute it into oblivion? Even if someone acquires a majority stake, there still has to be a change in control which takes time. While the new majority buyer is busy trying to force a change in control of the company, the existing BOD trying to force a R/S which they know will result in massive losses for the majority buyer going forward? And, of course we have no form 13's (other than for Ayrton Capital) showing anyone else with more than a 5% stake. The only other form 13 shows Renaissance Tech dumping their holdings. So it begs the question: Who the hell exactly bought all of those shares? Is it possible there is one or more large buyers (who haven't filed form 13's yet), and who have the necessary NO votes to insure that the R/S fails, who could net some huge gains if the SP runs up on a NO vote again like it did in June 2017? The difference is, though, that if they were buying to acquire control, they wouldn't be selling all of it when the SP runs up.
There's definitely some very squirrelly stuff going on here.
@Mohammad111 - You're right. I don't think the retail shareholders would approve it. But unfortunately, I'm pretty sure they've got it rigged so that the vote will pass by some other means. The most recent R/S (1 for 350), was done through preferred shares and the common shareholders didn't even get the chance to vote. They made sure of that after the common shareholders voted down the proposed June 2017 R/S. This time, the form 14 would suggest that they are again seeking our approval for this latest dilution, but there is no way they could possibly think that after they just pulled a 1:350 on us, that the common shareholders would go for it. That's why I think there is either some ulterior motive for this latest one (as others have speculated), or if they really do plan to do it, then the vote is just for show (as a legal CYA), and they already have a path to approving the R/S. IMHO.
@H2004 - But more importantly, what about the gig with you and Rap in Romania? Is that a bust now????
@AW104 - Whether it's 2140 or 2070, I'm guessing that either one of them is a hell of a lot longer than any of us here are going to be holding this stock.
@AW104 - It's a non-linear relationship. The mathematical problems that have to be solved to successfully mine a bitcoin get more complex as more coins are mined. The last coins to be mined will take a lot longer per coin to mine than the first ones. However, that also assumes that computing horsepower is relatively fixed over time. To the extent that the mining rigs become faster and more efficient over time, that year 2140 estimate could come in a bit.
@H2004 - Here's a story from last year:
http://www.breitbart.com/big-government/2017/07/06/charlie-gard-government-courts-usurp-parental-rights/
This one is especially bizarre, because the parents had independently raised enough money to bring him to the US for treatment, and the US was offering to do it at no charge.
@Doddi - I looked at the posts about valuation, and while I agree that a SP of $12 might be realistic on the basis of earnings and an assumed P/E of ~30, the problem I see here is volume. Average daily volume on this stock is in the hundreds of thousands. Based on where the SP is right now, I'd expect to see at least 5X that if we're to see any significant movement in price. However, there might be some good news in that - It appears that INTV is an undiscovered gem. As soon as we start to see some significant analyst coverage, I think the chances of the SP hitting some of the targets talked about here becomes a more realistic possibility.
@Dances - in your plethora of "P" words, you left out that one we're all patiently waiting for: "PROFITS"!! Hopefully, there will be some for our pathetic population of longs at some future date....
@Leo - I will vote NO, just like I did in June when we actually got the chance to. But I'm afraid it won't matter. I'm pretty sure they've covered their bases and the shareholders probably don't have enough votes to overturn the R/S or the A/S proposals. Best we can hope for is a PR with some good news and a bounce. I definitely will NOT be buying with a R/S up for a vote. My average cost is 0.08, so if we get anywhere near that on a bounce, I'm likely to bail.
@Rap - I hate to say it, but it appears the shoe's not going to drop until they pull it out of our a$$!!
@H2004 - Love the ELP reference. Back in the day, I was a huge ELP fan. Only saw them once in concert, but I did get to meet Carl Palmer one time back in the 80's. With Emerson and Lake now gone, he's the only one left.
@Rap - Good to see you back - I assume that you've been freed from posting purgatory?
Hmmm - Not sure about that. He is an employee of Athenex, and if there was a deal in the works involving Athenex, would he be able to be a signatory as a Delcath BOD member? Just wondering....
@lister - "They don't have real products"???? OK. Got it. So I guess those 500 Chemosat treatments in Europe were for a disease that isn't real?
@guti - Thanks for sharing that. I think there are a number of pieces that are coming together here - and I've thought ever since Pedder joined the BOD that something was in the works. So far, all we've got to go on is these various pieces of a puzzle that is in the process of being revealed, and what we believe is the inherent value of DCTH's technology and patents. To me, with the SP as low as it is, there is tremendous upside potential here. Agreed - this is a highly speculative stock, but for those of us who are willing to be patient - and not invest more than we're willing to lose - there is a great opportunity awaiting. I'm willing to take that chance, and in spite of the bashers, I will continue to watch the puzzle pieces come togther. It has been - and will continue to be - an interesting ride (mostly a ride DOWN so far, but I think that is about to change). We shall see..... GLTA!