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Ten would be nice!
Sam, 3 days in a row with positive PR makes it look like you are correct about Delcath getting all of their ducks in a row.
Today is very encouraging. Why start a new trial if you are not pretty darn confident that you have the funds to run with it?
Also, first quarter financials should be out any day. I expect the revenue to top $800k. We shall see soon!
3 days in a row with a PR! Wow! Maybe this time is different.
I wish I had faith in that spike Friday. Sold half at what I thought was great when it looked like it was going to drop. Sold the other half a dollar higher, and it still went up!
Short squeeze the last 15 minutes? Actually, I'm pretty happy with a 244% gain. The run-up to the bell could be interesting.
Sam, an offering between 50 cents and $1.5 don't sound too likely now. An offering in the $5 range would be quite amazing! 4 Million shares would still leave a nice low float.
How beautiful! And no one is posting?
Run, baby, run! Back over pre-split price! woohoo!
Run, baby, run! Back over pre-split price! woohoo!
I bought some more this morning as well! Good timing for once on DCTH!
Nice! Usually, press releases here don't do anything. I guess the timing of them actually putting something out there after the r/s this time is a very good indicator. Perhaps this ship can turn around.
This still says down 3%. It is actually up 33%
What did I miss? Up 24%?
Desert Eagle had mentioned that the offering could not be under a penny due to the par value. I was thinking they would release some good news or something to get it over a penny, do the offering, and then do the r/s.
Perhaps they couldn't garner interest from the investors at a price above a penny when the share price was half a penny. Therefore, they could not do the offering and were forced to do the r/s first.
Why $20 Million in a hurry? Even if cash shortage has increase above the $1.5 Million mark, I'm sure it is still under $2M per month.
Why not issue shares on a revolving basis? Maintain two or three months of cash. Let the PPS breath. Once a base of cash reserve is established of a quarter or so, issue enough shares to cover the projected cash shortage each month.
In my opinion, they could have used that approach last summer and the share price would still be much higher than it is today.
The revenue won't cover everything for a while. But growth in the revenue will reduce the cash shortage each month, requiring less dilution.
I sold my RH share!
j/k. It isn't available yet. I would though! It was half a cent Monday and over a buck today. Not too bad.
Every time, multiple sites predict multiple dates. Sometime in the next week, I'd say. A significant increase in Germany revenue would reduce the amount of dilution going forward.
That is one of the things that interested me the most months ago. The German market should be growing, which reduces the cash shortage each month. I'd say we should break $800k for the first quarter. We'll see soon.
First quarter earnings could be any day at this point. Last year was around the 9th. The year before that was the 4th.
Increased revenue in Germany would be a nice thing to see right about now.
I've only gone through this one (twice) and ANY. On Robinhood for this one a few months ago and ANY, it worked the same, as I recall. For this one, RH currently does not show anything for Delcath.
I have some TD Ameritrade on this round of Delcath. It was available around mid-day today. I suspect that is the cause of the additional drop around mid-day. It was steady for a while, then dropped more around the time my shares were available. My theory is that there was another round of retail investors that sold as soon as it became available.
Wow! You have to be kidding! They are going to do another reverse split tomorrow? I'm so glad you shared that inside scoop with us. We would have never known!
Wow! I thought that seemed far-fetched. It is close, though.
I don't know what the peak was in June of last year.
Given a current price of .0047, to achieve a current value of $30, one must have 6,383 shares.
Prior to the last r/s, that would have been 2,234,050 shares.
In order for those shares to have cost $1M, the share price would have been .4476. I know there was a spike, but I don't know if it got that high.
However, I do know it went to 30 cents. Using a 30 cent purchase price, the 350:1 r/s, and a current price of .0047, that brings the value of a $1M purchase at 30 cents last June to a current value of $44.76.
So, the difference of $14.76 on a $1M purchase is irrelevant. Therefore, your statement is essentially accurate.
Yep, around a 40,000% increase over today. I'm in for that game with my one share on RH.
Now if my TD Ameritrade shares would give that increase . . . .
I still had some Robinhood shares, so no fees. I sold down to 1 share. At least, that share should make a profit tomorrow!
I also bought some on TD Ameritrade. The fees do play a part there. Still trying to decide whether or not to sell those today.
On the one hand, it dropped like a rock after the last one and I was locked out and couldn't sell. On the other hand, it's already pretty low and there is that super slim possibility that they may actually do something right for once and put out some good PR tonight or in the morning. In that case, it would be better to just hold.
I did the same thing on my remaining Robinhood shares. I sold all but 1. So, whenever trading is available again on Robinhood (a few days last time), I will make a nice profit on DCTH for once.
Kind of. I won't get the thousands of dollars that I paid for that share. However, it is currently worth around half a cent. At a 500 to 1 reverse split, it will be worth around $2.50. By the time I can sell it, it may still be in the $2 range. So, for that single share, I should make a 40,000% percent gain over what it is currently worth.
I'll take what I can get on Delcath.
Technically, since it rounds up, I guess I could sell down to 1 share today. With that and a few extra quarters, I could go hit the vending machine in the break room for a Snickers bar.
I tell you guys what. Tomorrow, I will own one share of DCTH on Robinhood. I'm willing to go ahead and sell it to one of you guys at a very deep discount.
Double split adjusted, the cost was a mere $26,250 (15 cents X 350 X 500). If you order in the next 30 seconds, I'm willing to let it go at a 90% discount of $2,625.
But wait, there's more! If you order in the next 10 seconds, I'll throw in a bit of ocean front property in Kansas.
Wow! We all knew this was coming. I thought that was baked into the price already. My timing sucks! Just when I thought it was safe to dip my toes in the water, yet another 20% loss!
I'm not even arguing corruption. I'm arguing common decency.
I agree wholeheartedly on the bonus. If you have funds available from operations, sure! To give bonuses from funds raised from the horrible financial deals you made with the devil resulting in complete decimation of your shareholders is another story altogether.
Even aside from the bonuses, I'd argue that the base salaries of the top two are inflated. Throw in the 3% raise, it adds salt to the wounds of us who had faith in this company and lost our shirt.
Have you even opened the file? Please explain how this is HUGE NEWS!
Holy cow! Those financial audit fees! I know a company in the healthcare sector with more revenue in a month than Delcath currently has in a year. This company uses a New York based audit firm. The fees are significantly lower than half a Mil!
Ugh! Why did I ever get involved in this train wreck? It looks like this crew is even better at throwing away money that they don't have than the Federal Government!
So many cost saving opportunities. So many PR opportunities. It is quite sickening to observe.
Well, we only paid Stoll $68k. That sounds high, given the horrible performance of the company, but it is only around 11% of what we gave to Jenny.
I don't understand how he could be more responsible for financial operations than the CEO and CFO. Those two positions usually hold all of the obligations of fiscal responsibility between the two of them.
Well, the compensation committee should review this board a bit. $600k to Jenny and over $350k for Barb. The combined total of stock owned between the two wouldn't buy a Happy Meal.
So, we paid those two alone just $25,856 shy of ONE MILLION dollars in 2017. They both received raises when the stock lost greater than 99% of its value.
But, combined, they own a whopping $1.40 worth of DCTH stock.
Unbelievable!
BINGO! The only trouble is trying to determine what is "Early." This range may possibly work, so I am back in for a little. But, since I am back in and my history with this darn thing is absolutely horrendous, that is probably an indicator that it is still "early" at this point.
That analysis was way back when the market cap was around $75M (15 cents X 500M OS). At 1.5M burn rate per month, it was only a 2% dilution required per month.
So, lets say 1 Billion OS X the current rate of .0070 would give a market cap of $7M. Assuming the cash burn rate is still in the $1.5M per month range, that would give 21.4% dilution per month.
A big assumption on my original analysis was that the cash burn rate would significantly decrease due to growth in Europe. The approval on the European insurance reimbursement system was still relatively new. I was expecting significant growth due to that fact. In more recent statements, they mentioned the cash crunch as a reason for the lack of growth in Europe.
The first quarter report should be out in a couple of weeks or so. I look forward to seeing the European revenue breaking the $800k mark.
I need to start getting more sleep at night. I must be daydreaming again. I saw .0071, which means that I am almost even!
Not overall, of course. Just on this latest buy-in to this mess.
Next stop, $55 per share to get those Robinhood shares up to even.
And the ever elusive "they" sure does not include me! If so, this would have moved up looooooooong ago!
On the way down (on more than one of these Delcath roller coaster rides!), 10 cents seemed terrible. Now, I'd be dancing in the streets if it went to 10 cents (without another r/s preceding the 10 cent mark, of course)
Being a single man is different now than when I was before. It's a good thing I don't have to hide DCTH losses from anyone!
I do have a few I am somewhat interested in possibly dating. Of those, most are grandmas! I laughed at your post, because it just hit me that I must be getting a bit long in the tooth to be dating grandmas. Over 50 ain't so bad!
I came around after the run to 36. I'll have to look back to see for sure. It was one of the first stocks I had ever bought. I bought a few batches (low dollars on Robin Hood) as it was going down at some point. On my lowest buy, I made over 100% on a spike. Probably a whopping 10 bucks or so.
That, of course, piqued my interest. Then, I dug into it, reviewed financials, performed my own analyses, etc. I had bought in the teens and maybe down to 7 cents. I threw everything I had at it, stretching much further than I should have. Then, there was the run-up for the conference in Germany. I'll have to look back to see if I saved my screen shot from that morning. It hit 24 or 25 cents. It was back down to 18 or so at open, and I bought more, thinking it would bounce back.
It never did. So, somewhere shortly after that 36 spike, I believe, was my entry into Delcath hell.
I've kicked myself a thousand times for now selling that morning at the open. It seems like it was around 18 cents or so and dropped steadily from that point on. I was pretty confident that it would go back up at least to 20.