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added a little of this turd .0005 today to my .0004s and small .0003s. Will look to add in more when it starts going. Amazing crypto and mj stocks going nuts and this just keeps stinking up the ditch. But does feel like VNDM and BMIC been laying off it which is a sign dilution winding down. Former big runners that are down into end of year usually run jan/feb. Hoping for same here.
Well you are half right. Taking short losses it goes by settlement date. Taking long losses goes by trade date. No one here is short and longs could still take the loss until Friday. Thanks for correcting me.
takes 3 days for trades to settle too? Think yesterday was last day for tax sellers to lock in their losses for the year as well. Bummer had some .0004s and was filling some small .0003s then that pop. Haven't been able to get anything .0004 since.
there is hardly any volume? about 10m volume last hour worth $5-6k total. 6m sells .0005 and 4m buys .0006?
clean up on aisle 5 then off to the register.
lol yep. counting pre split shares AS now is 157.5 BILLION shares. It didn't drop like this by accident.
Thats a good way of looking at it. OS will be way higher than 100M by the time dilution ends but big positive is $11,000,000 debt will be off the books(which needs $13,000,000 shares worth sold to finish).
News can always trow a curve ball. Could be something good but could also be bad. Never know they could finish this note and decide to raise money again. Its not like these guys are printing profits and are flush with cash.
no buying interest left and most too stuck to sell down here. Suspect MAXM will back up and let this bounce some to lure buyers in again and go back to whacking bids again. Wash, rinse, repeat.
well put. Bottom line is its all about the timing and getting in when dilution ends.
One thing to note is although 1 for 350 split left only .29% you have to factor new shares that been sold. 100M new shares dumped = to 35 BILLION shares before the split.
any proof on these phantom shorts? I am not showing any short interest
come on boys lets slap that bid. need to get this volume going. wouldn't mind some .01-.02s for my roth IRA. Getting beat up some in my trading account but thats ok. At least can help MAXM sell this down.
lmao "nothing wrong with fundamentals" Uhmm did you forget the $13,000,000 note holder is still selling?
"it will burn the shorts soon enough" Uhmm refer to above for why stock is dropping.
There are no shorts here and looking at the chart the shorts already made the maximum they possibly could long ago. Even from $1 96% of potential profit here. From $10 99.6% of potential gains locked in. $10,000 short position from $10 is a total of 40 bucks to cover for $9,960 gain. If anything shorts are buying here to BOX their short position if they want to delay taking gain to get into long term tax gain bracket.
Appreciate your posts though. Always nice to come in here and find a perma bull thats been pounding the table as stock dropped 99.99%. Truly a rare breed.
lol now only if we could short his suggestions we'd be on fast track to retirement.
amazing news! now question is can this turd even stay green lol
Daily List Date/Time
Event Type
Eff/Ex Date/Time
Symbol
Issue Name
Market
Details
11/30/2017 00:00:00 Symbol Change 12/01/2017 00:00:00 DCTHD DELCATH SYS INC Common Stock Other OTC
11/03/2017 00:00:00 Reverse Split/CUSIP Change 11/06/2017 00:00:00 DCTH Delcath Systems, Inc. Common Stock Other OTC
DCTH doesn't meet nasdaq listing requirement anymore so its not getting relisted to higher exchange any time soon. A letter "D" is added to stocks to warn investors of stock splits, reverse splits or new issues only.
no doubt this will bounce back nice eventually. Note seller needs to gets finished up first though. Still probably at least $3,000,000 worth left to sell. More likely closer to $4,000,000. Another week or two left at current rate. Big washes from here worth nibbling.
Just need to be aware of the hype some spreading on quick 200% bounces that obviously won't hold while another 50-100M shares need to get dumped. But anyone familiar with the board already know this, some been spreading same story daily since $10.
once again thank you for the great insight and your contribution to this board.
Who knows maybe there is some secret government program. Loss forgiveness program? Once 99% loss hits they add a couple zeros to your position balance?
true. I took some losses $1s and few times on way down. Finally made some coin yesterday and over couple days before that. Gave some back again today. Down overall but hopefully will buy in size once note seller is done and come out ahead. Just curious how some of these longs that kept averaging down from multi $s to .40s are talking about making money with stock .04s.
Elaborate maybe on the thought process? How nothing is lost? Riding 100 shares @$10 to .03 vs rebuying with that $1,000 at .05? Say stock bounces to $1. Person that took the loss at $10 and rebought at .05 would have $20,000 at $1 vs person that held the 100 shares from $10 would have $100 at $1. Is nothing lost between the $20,000 at hand and $100?
But that is peanuts. Imagine if you averaged down at $8, $5, $2, $1 just $1,000 each price point? Isn't near $4,000 loss vs $100,000 gain rather huge difference? Trying to wrap my head about about this averaging down into losers concept.
"1) You haven't lost anything if you haven't sold"
This couldn't be further from the truth. There is huge opportunity lost. As it was pointed out earlier 100 shares at $10 is 20,000 shares at .05. If this runs to $1, 20,000 shares would be worth $20,000 for massive gains. 100 shares from $10 at $1 are worth $1,000 and $9,000 huge loss. So yes you have lost a lot by not selling.
how do you know there is only 750k debt left? Transfer agent is gagged and won't even respond to OS or Float requests for days. Lots of people made a killing here this week. Stock only down 40%.
100 shares at $10 are equal to 20,000 shares .05. Lets have that sink it to what averaging down and not taking losses means.
I mean $10 was a great buy. $8 too. Then $6. And $5. $4. $3. $2. finally $1 to $2 huge buy!. Oops .92 is great buy! I mean .80. Or .70. I meant .62. Sorry .51. Really sorry .46 is it! I mean .35. Or .31. Uhmm .25! Oh. .20. I mean .15. Orr.... .12! .09 is it! Uhmm yeah. Keep averaging down....
We should hope this guy gets paid. Pumping $10 and to .03 and hasn't given up yet. All is gravy lol Keep buying and avg down he said.
sort of how it wasn't to go lower today after near .07 close yesterday and all the monster buyers that seemed to have gone poof today after getting stuck huge. OOPS! Lets see if it holds .03 instead of sticking to pipe dreams.
sort of like those $2s not long ago? lol Pathetic. Its like clock work my friend after being wrong 100 times you still convinced you are right somehow.
added a little bit today. diluters seem to be backing away on less volume and not as aggressive. Maybe goes jan as note seller finishes up as well as tax loss sellers.
My rough estimate is 4-5M left after today. To note holders its irrelevant if they sell $10 or .05, they get shares at certain discount regardless of PPS. Biggest thing is they need highest possible $ volume so they can recoup their $ quickly and invest elsewhere.
Huge volume today but we'll see if it can be sustained. We need another 4-5 days like this but with so many buying today there will be lots of profit takers at higher prices + stuck people from .10=.20 area looking to get out. As competition to sell increases MAXM will likely whack this down a bunch to discourage selling from others IMO We will see.
I just remember the .46 adds which was the "bottom" from many previous bottoms. Hit .03 since. 1,000% to .30s makes the bottom of the bottom buys down 33%. Do the math on rest. Good luck my man, you'll need it this business.
yep today felt like much the low $1s to $2s day. MAXM back up early and let it breathe. He still have much to sell but much more $ flowing now. Next bigger lows will be worth loading up. Probably opens well and gets smashed again tomorrow unless MAXM decides to play nice or some trader with a few mil decides to go on buying spree.
Probably down to $3-4 after 86 average downs.
been around just not this board. Been doing excellent. Nutty market out there. Ops all over. Cryptos totally insane. Pots sort of awoke a bit too. How you been?
I believe weighted average price from where they sell.
Doesn't work that way. In this case lender is getting shares at 82% discount. To retire $200k debt takes $243.9k worth of shares.
Likely you'll be able to buy back 2-3x as many shares near a bottom and capitalize on way up. Not going to lie I took some ugly losses here a few times on way down. Best decision I have made. No shame in taking off a bad trade and taking a loss. Can ALWAYS rebuy.
Not to beat a dead horse but man admit to horrendous, thermonuclear mistake here. You been beating the drum on this news since multiple $s. Stock is down 99% since. Think we heard this enough times. Lets stick to whats relevant here and help each other make/save money instead of looking at 99% losses. ok?
You forgetting that fundamentally the biggest thing hasn't changed. NOTE HOLDER IS SELLING OUT AT ANY PRICE TO GET HIS MONEY BACK AND IT WILL CONTINUE TO DROP UNTIL HE IS DONE. Peer reviewed medical journal and lepricans with pots of gold don't matter at this point.
most people that bought "low" even last couple days are down 33% and will be down 50%+ within day or two. So basically whole OS will be down 50-99.99%. Almost everyone will have incentive to sell. Only exceptions people with no income but not many in this market.