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The company has been heading down the road of corruption for a long time, Simpson was forced into it starting in 2016 with Hb and never found a way out
Certainly these investors are not risking their money on a strong share price so why should retail?
Knowing from my own experience losing big and badly is very likely when getting off mainstream. That is why at the age of 65 currently I have only 1 holding above a little above $100 million market cap and one around $500 million, the rest is in companies with billions of market cap in which I strive typically for 5 to 10 percent gains.
When you limit your Jack Daniels, you are the champ researcher imo as there is an attempt at objectivity. Frankly though even if, I think probably too little too late. It takes no research to believe financing folks would rather find better waters. If their European partner is seriously interested, I will theorize they are not Simpson fans so they would wish for change
Revenue grew slowly every year, I expect bankruptcy soon, so the after effects if so may give better analysis about what this technology is worth.
I think there is a confusion between SEC and Uncle Skippy
I think common shareholders will be left totally in the cold. At the very least, this is an ethical cesspool of a company as shareholders are flying on hopes and prayers. The vast condemnation for 2017 I never agreed with, but I do see what happens when as Rapture described this company has not found 2nd gear on financing for years now
Maybe Ladd will enter the picture again, but I advise this is for spectating not gambling against the house
They can't borrow their way out, so the confusion continues. Why institutional investors are doing this, it is a head scratcher
Strange under the radar, maybe a filing by end of Friday on that, and I continue to not believe in Medac as white knight
Have you been hitting your Jack Daniels?
I have wanted to see delcath succeed for far, far longer than any current posters. Right now I don't want it. If delcath wins through all this crisis, I am flexible to reality. In any case I have to see an explosion in revenue or this is just interesting trash
Cash burn has been scaled back for quite a while which can have negative consequences. It is simply beyond dispute imo that there is a cash problem for the company. As for trials ICC trial has probably lost at least 18 months of effort due to cash constraints, exact facts are often not available with this company.
LWE … possibly, he predicts bankruptcy which I do as well since not filing the 10K and acceleration of debts on top of poor quality financing for years
I am not a financial pro but I prefer to make money on investments when possible. So I don't believe assets is anything but hugely negative, hugely negative. Medac could be a positive, but super unreliable as such imo, super unreliable until proven otherwise
There is no rational reason to think there could be a financing that takes this comfortably into approval with $1 range always there. So the gamble is on will there be a financing at all
OR will Medac step in, in a big way. If one pretends on all this the risk is rather low, why not go for it. Sometimes in investing missing a potential opportunity is smart business. I will believe the bull after the fact only
Historically it would seem the bulls are almost always wrong sooner or later. You may be confusing the warrants leading to litigation with warrants issued later at 1 cent. Why did Delcath take so long to get this to court seems rather negative. The convertible that ran for over 12 months that started in the fall of 2016 caused an increase in shares of 45,000 fold, which seems science fiction like. I like to argue points, but I try to stay factual and to the point.
If this stock goes to $1 and stays in that area, I will give credit.
Frequently I have stated over time when I was buying, selling, or holding, how much I typically lost on the round, etc.. If you are a professional explain why not filing a 10K is not a big deal. Explain why 1 cent warrants did not bother you. Explain why somebody accelerating on debt is not a big deal. $180K loan looks positive, Medac looks a little positive but things are not adding up satisfactorily.
There is not current financial information to weigh cash burn vs revenue. Last old figures suggest perhaps $3.5 million revenue annually and medac impact is 100 percent fuzzy. One can only assume from past at least $1 million net cash burn monthly. That is okay for speculators, but financial folks don't think like stock speculators. Good stock speculators by the way have avoided this cash burn monster since 2013
It absolutely has to be imminent something as the company can't live on such paltry crumbs, if they could then they would be a fraud from day 1. Not a word about revenue or a lot of other topics. Medac could be reducing substantially the needed cash burn, but overall lenders have not been pleased with delcath story, so I again think the scoop on Medac is critical
Solid doom is probably at least 1 week away minimum, but who really knows. If and when solid doom, 50 percent drop on opening is a reasonable prediction. As long as that is beyond debate, Simpson is a fighter, her available paths are unknown so then risk/reward as you please
The company has had remarkable longetivity but financing story keeps me on Medac as the primary hope, I will not believe anything truly good until I can see, signed Doubting Thomas
If Medac likes delcath that much, this foot dragging makes no sense to me, good luck. On the other hand if the white knight is financing, I would be even more surprised and confused, in that case though $1.00 would be a tough nut to crack as dilution may exceed what most are thinking
I think Medac is needed more than seen so far, apparently the assets make for a clean bankruptcy for those on the receiving end, so Medac better wake up before too late
What is the $180,000 for indeed? It can't buy time on its own, 3 days of cash burn roughly
I don't believe SEC has been viewed as Uncle Skippy. What is the most extreme salvation from a sleepy White Knight, so far 24 days late, will be interesting if this company survives, failure is very believable
An issuer that is late or has failed to maintain its Reporting Requirements is disqualified from use of Form S-3, which is needed to conduct at the market direct public offerings, shelf registrations and types of registered securities. Likewise, a Form S-8 cannot be filed while an issuer is either late or delinquent in its Reporting Requirements. Late or delinquent filings may also trigger a default in the terms of contracts, including corporate financing transactions. Finally, the SEC can bring enforcement proceedings against late filers, including actions to deregister the securities
In the stock world, I am going to agree sleepy White Knights are possible, I am still surprised and confused about Medac. Yep $2 Grand risk is okay if you can stomach selling around maybe 6 or 7 cents as a high, high possibility
I am not going to be Skippy here. I think the finance route is about zero chance, so dilution thus is not much of an issue. Unless Medac first demonstrates to be a white knight, I will call the sleepy White Knight
Dilution likely makes current investing insane as low reward compared to risk level. The only real positive I believe would be a big time juicy partnership or buyout with some significant bucks, but every day that passes makes the timing seem without logic
There is still room for a miracle but there was no strong buying. If somebody knew something good, $30K of trading on a $2 million market cap is so little, little, little imo, sometimes erroneous opinion
One can believe Simpson has done something good in a twisted fashion historically and indeed I think she has, but it has only been good if one sold quickly. So, it could happen, except I believe she is totally out of bullets, the bullet last Monday was slimy to the max imo anyway
Medac or such is a slim, 1 in gigantic odds hope, my prediction stock closes below 5 cents tomorrow
I am rather research free on this, but my guess is she could have placed PR or filing on 4/15 about the doom but held it for the legal limit, working the system, alternative theories welcome
That pr was ethics free, nothing like freedom, NOT
it makes no sense why medac has anything to do with company, but Medac will likely not be a white knight
Sammy and latest press release say potential dilution would be wonderful
There are 2 ideas: court case and medac taking this upwards one way or another.
They are separate. I consider the court case as not necessarily telling the future tale of financing. Clearly financing is a problem until proven as solved, IF IF
Medac could be a white knight, if so how, too much money historically has been lost by hoping for a white knight, been there and done that as so many have. Methinks 100 percent of bullish talk is just trading hopes and no faith in company.
Surely revenue in Europe is getting beyond predictability as no feedback on that front since end of 3rd qtr. Mysteries can be appealing, but if something powerfully good it is fully hidden, fully.
This could pop nicely on anything to hang hope on, temporarily. I probably will only enter again if company acquires millions of dollars by any means. One million by any means on a finance deal plus I can buy at 10 cents or less perhaps:: and if medac only puts up money at a pace that looks slower than expected expenses …
Also will any numbers ever by audited, ie reliable, inquiring minds want to know
More on fundamentals: If the company does survive financing and filing mess, I believe fundamentally 20 cents is all I would expect as a target for a number of months since share count is likely to jump geometrically for survival. A surge well beyond could happen technically, but fundamentally I work with likely several hundred million shares to have adequate money