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How about nobody was interested enough to pay the minimum bid of 250,000 per the filing . That is a lot more telling. Only 14 of the 75 bidders were even interested enough to bother to look at the assets. That is in the filing also.
They were allowed max 490mil shares which they reached, did a 350:1 r/s and now they are diluting back to the 490 mil max again incrementally. Basically they took shares from longs and are re selling them. Again.
When you buy those dog treats maybe you can get some crow too. Not much of anything you have speculated has come to fruition. Share price is down $10.00 per share since last Monday and taking into account the R/S what was 3cents per share 3 weeks ago is now 2 tenths of a cent. Delcath same old same old.
Welcome to the Delcath way. Share price goes up, they dilute it back down. When things look kinda good they authorize preferred shares. Investor relations is very nice when they want shareholders to get on board with a reverse split vote. Otherwise they can't give you the time of day.
I'm keeping an eye on the share price what are you smoking? Looking to be on the wrong side of the decimal point soon and all your buys are now losers. I thought the point was to make money
That's not odd.It was stupid. Price is in $1.20 range now.
The share price is what is fact along with dcth history. The rubber band broke on the sling shot.
You sound exactly like the pumpers last earnings report. Every time you carnival bark "I just bought more" the price drops yet again. When It is released that earnings will be announced after the bell it's always bad. Good reports are announced begore the bell. Also they are not "earning" they bleed money big-time and they like to take shares away from the shareholders and re-sell them. We are at micro pennies now from where we were t weeks ago. Divide 1.40 by 350. That's the real fact
It will be a dollar end of day or tomorrow so that $2.50 trade just lostavthird of its value already.
It's your money do what you want. I have to work for mine and I'm not lighting any more on fire.
This is absolutely horrible. I thought it would be bad but not like this. It could be under a dollar by tomorrow.
Keep painting those red flags green and ignoring the obvious. We are now 4 spots over to the right side of the decimal point from where we were last Friday. Losing hard earned money had never felt good to me. I really thought there was a chance of a turn around 3 months ago then poof. The numbers on my account don't lie.
They will probably discuss year end bonuses and the need for another reverse split. Probably will be back under a dollar by then.
The bucket has a hole in it. Lottery tickets hsve better odds.
Down almost 40% post r/s, wow was that quick!
Only ones making money on this POS are the note holders and executives. They bent the shareholders over again and gave it to them good. How fast does it go under a dollar?
Notice the pumper who was "buying more " " order for 50k in now" isn't around.
Probably a press release about dilution.
Now if it goes up $3.00 per share it will be the same as a penny last week. But of course dilution will keep any big jumps from happening. Wash/rinse/repeat. Business as usual.
I have posted that a merger could be in the works but that the reverse split was implemented so the potential merging company couldn't threaten to walkout at the last minute or offer a complete low ball price. With a reverse split essentially approved DCTH at least had a plan "B" to fall back on. The companies history has me not holding my breath. I do have shares but while I hope for the best I expect the worst. But hey, stranger things have happened. By the companies own press release a couple months ago they should be already out of cash but they are not.
If they do a reverse split than they can get right back on since they have not been officially booted . Correct? Then it's a case of maintain share price of 1 dollar or more for 10 consecutive trading days.
The company is not doing well at all. All longs from 3 years ago have essentially been wiped out from reverse splits and huge dilution. Shareholders voted another reverse split down 2 times so the company did an end around and issued oreffered shares to 2 noteholders so now they can force a reverse split because the oreffered shares have majority vote. Money is bleeding out not in and they are more they are more than a year away from being considered for FDA approval. I still have shares thought the worst was over only it has gotten worse. With another reverse split and dilution coming so they can avoid bk it sure doesnt look promising. But hey keep painting the red flags green if you want.
What do you mean locked out from dilution? Not commo n shares at least. Plus a $3.50 pet share increase will be same as a penny right now. Why don't investigate the last reverse splits. Shareholders were essentially wiped out.
They are doing the reverse split because they are allowed 500mil max common shares. After the r/S they will significantly lower that number and then issue more shares until they hit the 500 million total again. So we will have same value for maybe a day or 2 then it's dilution. Research the last 2 times they did a reverse split. Look at share price and how far it fell
"
authority for our Board of Directors, without further stockholder approval, to effect a reverse stock split of all of the outstanding common stock of the Company, by the filing of a Certificate of Amendment to the Company’s Articles of Incorporation with the Secretary of State of Delaware, in a ratio of 1:50, 1:100 or 1:350, with the Company’s Board of Directors having the discretion as to whether or not the reverse split is to be effected, and with the exact exchange ratio of 1:50, 1:100 or 1:350 as determined by the Board of Directors in its sole discretion, at any time before the earlier of (a) September 19, 2018; and (b) the date of the Company’s 2018 annual meeting of stockholders."
Weeks ago.
If you want to conduct an investigation simply look at the share price history, shares issued, number of reverse splits and most important, earnings ( money is bleeding out not in). Every 3 months around earnings time a new group of pumpers show up talking up a huge run and surprise. Had a nice small one 3 months back but you had to get in low and have your finger on the sell button or you missed it. Now with the r/s approved to say things are looking up is a joke. R/S then dilution and back to penny land. How about this stock is a bad investment? That explains it best. The company itself wiped out all shareholders the last 2 1/2 years and they are getting ready to do it again. The SEC would probably ask you why did you invest? All you had to do was a little DD. Speaking of which, that guy who used to say DD was for dummies seemed to have gone a while ago. His T/A run to 80 cents went with him.
Rocket north?? You do realise that after the r/S a $3.50 share price increase would be the same as a penny now? And a small investigation of the share price history shows that never happens because it gets beaten down by shorts. And it will be even less because they are going to heavily dilute. They are going to take shareholders shares and sell them to new bagholders.
Nothing to split? You do know it's a reverse split right! For every 350 shares you own you will own 1 after and share price will theoretically jump 350 times up. Then dilution. All the shares they took from loyal shareholders they will sell to new suckers
It's hard to release news when there isn't any. The company is not concerned about shareholders in general let alone day traders who want to make a fast buck.
Exactly! Jumping from $21 to $30 is more like a half penny gain right now. Management could care less about shareholders except for taking their money. At least that's the factual proof so far. Same old same old.
Nothing technical about it. The shares they take from the current shareholders via whatever ratio they decide to use they will then sell them to new buyers. What happens is the shorters pounce and drive the price down. Last 2 reverse splits share price was beat down under a dollar in no time.
By issuing the preferred shares to force a reverse split the company increased their leverage considerably if indeed they were/are in discussion with a potential partner or buyer. By guaranteeing the reverse split it eliminates a last second low ball or undervalued price because they are no longer distressed. However Delcath history has shown that this all can be about new toxic financing at the expense of current shareholders and simply another hi ratio reverse split. Wording is in the new update covering their ass either way.
New sec filing today. Updated pre 14c
? I have no idea what you mean. Shorts short when the price is high and cover when it goes down.
They will reverse split. Print up more shares and give them to whoever finances.then the new noteholders will dump them systematically. Then the professional shorters pound them back under a dollar per share. Exactly like the last 2 reverse splits. All you have to donis investigate the last 2 times they reversed. Current shareholders get screwed while new people get in thinking they are getting in line for free money.
There will be no low ball public offering. After the reverse split the share price will be high and that's the price they will dilute at. The shareholders right now are the ones being low balled
Haha sorry my mistake. 500 million not thousand.
That's my opinion why the price will be kept down. So they can justify a high reverse split ratio. Then they can give themselves a nicer bonus end of year
A reverse split will allow them to offer common shares. They are at the 500k max threshold right now for common shares if they do a heavy 100:1 reverse split then that will bring the total common shares outstanding to approx 5000 allowing them to sell another 495k until they reach the 500k max. Wash/rinse/repeat. The company uses shareholders for financing they could care less about them. There is always a new group thinking it will be different this time until they get screwed. You need to get in and out with precision here
They don't want it to go up because with a lower share price it justifies a larger r/s ratio like 350:1 then it will bring the share count real low allowing them a larger number available for dilution. There is a 500k share limit and that's whatbthet are at now.
This R/S is no different from the others. None of them were for maintaining NASDAQ . They are only allows 500k shares every R/S was for dilution. By driving down the share price it will give them a stronger reason for a much higher r/s ratio like 350:1. Then the outstanding share count will be hardly anything and give them a chance to issue way more shares all the way up to the 500k threshold. Then a new rotation of shareholders and pumper will show up then wash/rinse/repeat, another r/S. They love to bend over the shareholders and use all their money. Funny how every 2 months it's a new rotation of posters pumping the same stuff. What happened to peteypickem Mr.dd is a waste of time because chart says we are running to over 50 cents? He is long gone
I was mulling the remote possibility that maybe they are in some type of negotiation with someone and they released the new pre 14c as insurance against being low balled . Highly unlikely but stranger things have happened. It would seem as though if they moved forward with the R/S that they would be open to a class action lawsuit. 2 votes in 3 months both shot down by shareholders and now they revert to an underhand tactic to dismiss shareholders opinion. Just doesn't seem legal, but until actually acted on its just a plan for now.
This company seems to cater to the short traders and naked shortes. Seems like whenever they make did make a move and dilute it was always at low share prices never high. The timing of some press releases and actions of the bod show disregard to the people who hold common shares long. All very strange.
Timing of the pre 14c filing is perfect for a big buyer to swoop in and purchase a majority stake. The pre 14c timing is going to crash share price close to recent lows and I didn't see any type of "poison pill" implemented to discourage a takeover. This whole situation reeks.