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Of course they absolutely know that, so the question begs why did they stuff delcath with $1 million. A far better question than why momentum player/bottom feeders take market cap from just over $1 million to $3 million, that game may be no more than technical.
My underlying basis is should not non compliance be seen as quite harmful, $1 million contradicts that
I thought you might think that, but no. Over $1 million likely means that somebody expects survival at least possibly until full enrollment, who puts $1 million normally into a fast sinking ship. $400K on the other hand might be some shady positioning in buzzard land, just speculation on the meaning of money
Fundamentals: I am one of the few that pay attention to that. Court case in itself means nothing fundamentally. I consider any financing whatsoever should be considered as big news. I will question beforehand somebody doing it, as not being in compliance remains a big deal imo. Any financing though for less than $1 million is a fence sitting move, over $1 million is the real positive
My up era from 2003 to 1st half 2010 when I should have walked away, and then down era since with a heavy majority of my compadres. Time seems to be slipping away here, so near full enrollment, I would never have predicted at such point but do now the big final slip
To be critical admittedly, I see primary bullish position to enjoy flying blind and erratically or (delcath has stayed alive publically with some kind of low level health for 19 years, why not another 19 years
Some items are close, if not absolutely hard facts. There is only one rational explanation for not filing imo, too little money left.
Rule numero uno I should think of financing universe. When things on financing have been bad for years, to become an unaudited company is as close as you can get to turning away the finance boys. It does not matter if it is 1 chance in 5 to survive or 1 chance in 50,000, I don't like it
Maybe next week I will??????????
Conspiracy theories, I dispute. When you have the poorest quality financial deals and at least 2 lawsuits over last 18 months between such folks and the company, plus an announced licensing deal which for practical purposes seems gone, anything ugly is on the table.
It is a falsehood to believe a favorable court decision solves company problems. There has to be a positive financial event that can be seen clearly by all ...
The bull's case would have to be I suppose a late filing can still be done before the company becomes unwelcome where it currently trades. All heroic remedies I would think are on a short fuse, but I have not researched anything. Logic says though more money to company has to happen very fast, it just does
The name Ladd suggests you have earned the DD title here. If it is the same old Ladd, it might be crafty with enrollment hopefully near full, but you are the man on digging deep, I am in no position to connect dots beyond this looks like a bet for all of us to stay away from
Why give any deal under circumstances? Medac seems like a solid NO, so I only see logic to vultures getting what they can. For those holding I hope I am wrong, and I would enjoy the game continuing as long as odds are in line with games in Vegas. After DE comment about Apr 1 deadline, I lower my 1 in 500 to 1 in 5000, seems fair
"Seriously endanger the ability of the company to operate …" Maybe an exaggeration except when you don't have money to pay for an audit to properly seek financing, a heroic White KNight who has never appeared since Medac does not seem to qualify, or I am dumbfounded on the way out of the corner painted
Failure of company is not really that interesting. It makes sense to me that likely there is some juicy dead meat on the bone to be had somehow, but shareholders a flat, flat ZERO
I suppose the company has a plan or 2, in addition though Monday was a long time ago in this case. Mystery to me why $400K was given to company if this is an absolutely dead duck
Any excitement will be illegitimate if failure of a decent deal. Let us see if reality exceeds a deal that puts up $2 million to $3 million, ie a tightrope deal
To all replies: 1/500 seems ok as a guess for something solid, maybe even medac b/o. I think too much ugly water under the bridge to expect $1.00 anytime soon, but low market cap can allow for wild gyrations which may be meaningless fundamentally.
The part beyond dispute is delcath has much to prove, another round of hanging by one fingernail off the edge of the cliff would make this a great cliffhanger in the continued delcath serial but filthy for real investing. Although enrollment has to be complete some day, I rather believe if time goes delcath way
Proper terms would probably look something like some entity getting 400M shares and the company getting $25 M dollars, and maybe warrants at 10 cents per share. Probably that would be the sure way to minimize outstanding lousy warrants, but not even sure about that.
That would justify maybe a price target of over 20 cents pretty quickly if the company could still say June for enrollment.
Probably 1 chance in 500 for that good of a financing deal
Probably a low financial IQ from day 1 under Simpson, not a tight enough clinical pace either, no telling how many mistakes. Fraud is a sketchy subject. Some of the blame probably belongs with BOD as well. Biggest blame of all though may be this technology is just not good enough for commercial purposes. Time may tell on that
This company begs for investor mistakes, if there is shame it is in ever seeking such a company. No matter what happens from here, Simpson is objectively a failure. It does not mean that she did not try and future success is still a maybe, me thinks not though.
Yes, we were born unqualified for dd. I am not fit to tie the shoe of Warren Buffett
Admittedly we are a dubious bunch. Hindsight which I have stated before, the most intelligent longs left delcath in the dust on the huge run in 2010, when it was clear that the old filter produced a mediocre advantage as a product. Some believed it was actually overall harmful if the FDA was to be believed.
If the company survives, the stock may have a good positive run that is longer than 3 or 4 months at some point such as end of 2019 into 2020. The run in 2017 was the most lengthy run since at least 2011 I think, certainly the most powerful. Sadly it was the most illegitimate of any run, not a grain of truth pumped about potential b/o
We will see very soon I think if white knight, as it would be a dumb white knight to allow the degeneration of not filing to reach completion. To compare now to after reverse split does not compute, if this is deregistered. And after reverse split was a real failure fundamentally in its own rights, as there was not the solid financing the company needed
Medac was the primary reason for a hope of something better for once. I don't know about fraud but for now I consider Medac out of the running
There was more reason for hope after reverse split than now. The only long term positive is full enrollment is probably close. It is up to for the millionth time how finance folks view. Simpson team seems to only be able to find terrible deals meaning massive dilution. HB convertible as bad as it was generated a lot more money than other attempts.
There is plenty of room for outrageous up movements as has been the case since June 2017, and in many other similar plays. Ultra low market cap of less than $2 million now while at peak of June 2017, market cap reached about $150 million. If this does survive, large market caps could happen, it is more like looking for a needle in a haystack than super bulls ever fully admit
Seriously the only short term value driver is the market cap is less than $2 million, which makes potential large, but too many eyes see doom. I think doom, any honest opinion knows there is risk
Time and money are the biggest obstacles to approval. Simpson has brought the company forward 5 1/2 years since the previous filter and trials failed. It is up to finance folks. I considered bankruptcy along the way as possible ever since 2013. I have to agree that if the company is worried to death about money, fraud claims are hazy and of less importance to people watching their investment fade which it surely has since 29 cents seemed worthy a short time ago
You may trying to steal my thunder. Imo the technology is bad for revenue and profitability. Best chief in the world needs something to work with. People always prefer to blame people, final nails though are premature, but I do fear the worst
I will admit the Goddess has stumbled much in the sea of financing, who knows how it has impacted enrollment lately. As for deception, that is her job. It is like the captain of the titanic arranging outdoor concerts on deck to try to hold back panic.
Despite RDW claims, everybody expected at least a 10-K. Delcath has always been faithful on filings, so this difference must be respected in a bad way
It is doubtful the company could gather money in time to perform the audit. This lawsuit is started dangerously late imo. That is on the villain Simpson, a heroine is expected to keep ducks in a row, a harsh challenge but there you have it
Yep, everybody for himself. You definitely can come out smelling like a rose, but timely selling is just as challenging as timely buying
It could jump up pretty strong on a favorable court ruling, but my suspicion is one can buy at a price lower than today perhaps in a month or two if financing disappoints. So trade fast, trade smart, or enjoy the sidelines as I currently do
Settling favorably for delcath is not enough. Somebody explain why there will be favorable financing for current shareholders. Lucky guess?
Somebody explain where Simpson/delcath has 9 lives or only 8, as settlement does not automatically give survival.
I think the jury is out on whether full enrollment by June. Then application to FDA allowing time for trial completion plus submission time could take nearly 18 more months. Any big money people would know this.
Who consistently has understood why delcath over and over has to settle for paltry finance deals? People with real money can be a tough bunch
If one is positive then so they are: the new guy always has the best chance that is if there is a new guy with money to keep the company going.
So maybe new guy I will give 50 percent chance of profit, old guys like who bought today less than 50 percent chance. It is a chance in any case where I give zero credit to Medac in the formula
I have to assume medac is a dud. B/O seems unworthy given revenue history, I mean why should U.S. be that different from Germany other than 4 times larger. Finance people have been a leading indicator perhaps of stock value ever since 2013 when Simpson took over. Imo finance people will not become positive thinkers at this point, so where this can trade is just the reverse of icing on a cake
THE BEST proven to be done by company since HB convertible: the rights offering at $1.75 which was a deceptive hoax that quickly lost money for all but a tiny subset of nimble/lucky traders. Company survival chances remain greater than likely outcome for current investors, I love the dangerous fun but sidelines is what I recommend currently. Indeed in principle a non audited company makes the beloved delcath officially a stinky pinky
Investing for buy out has been a failure every time. Annual revenue is less than $4 million currently after 7 years in business. I am a commercial doubter until proven otherwise.
As well this has now become an unaudited company. I don't see that helping financing.
Investors should see in this picture that medac is probably not a difference maker. I assume not. That was the heart of the hope. Otherwise, the company has historically been a loser on the financing front. It could change, but be a doubter. So if there is survival, 100 m shares at least is looming
They did not get $7 million, pretty much a fact from my point of view. Is Simpson heroine or villain? If bankruptcy ahead she is a villain, if for the 9th time so to speak avoids, who is that masked woman?
If the company files, never mind. If not, the idea has come to me the company is so bad off financially they could not afford the price of an audit. The company is still swinging, but beyond that … ????
Sold all of mine for about $1,000 loss on this latest round of speculation this morning. At the very least if management has anything under control should have filed ext. no later than a.m., you don't go dark unnecessarily if you do your job, me thinks