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That $2.44 bid keeps creeping closer and closer to the top of the ask list!
Not that they keep it. That wording is basically the same as a paycheck. Your gross is $100. FICA withholding is $7.65 and Federal Income Tax withholding varies. Let's just say 10 bucks.
You get a check for $82.35 (assuming no other deductions).
You are considered to be paid $100. That $17.65 is then sent to the IRS on your behalf. Then, you settle up at the end of the year on your income tax return.
The 8k basically guarantees a profit of 334%, but it will be a year before you receive the cash. Maximum cash payout is $10k, since there is a 1 Million share limit.
So, the risk factors are:
Will the company be around in 1 year?
Will the company have the cash available to pay for the shares in 1 year?
Will the stock price rise above a penny before the 1 year mark, making it better to just sell it on the open market?
Personally, I think the best bet is wait until near the end of the offering and re-evaluate whether selling back the shares is worth the 6 month wait from that point in time.
Well, basically it says that you can buy a million shares right now for .0023. In about a year, you will receive a penny per share at the close of the offer.
So, buying right now would lock in a 334.78% profit for a one year time frame.
The max is one million shares per person, so the cost right now of $2,300 gets you the max.
At a penny per share on the settlement date in one year, you would receive $10,000. That would be a profit of $7,700. That don't sound too bad!
Factors to consider.
Are you standing on your head? Maybe that is it. If you stand right side up, you will see that the little graph thingy is moving away from the floor and toward the ceiling.
Or perhaps you are from a country that reads from right to left. The earliest point on the graph thingy is on the left side of the screen. The later points are on the right side of the screen.
Just trying to help out since your comments are completely opposite of reality.
"Dumping" usually refers to sells at the bid at the low of the day.
These are buys at the ask at the high of the day.
But you are short, so I guess that means it is like opposite day?
Maybe I should wait until I visit a 420 friendly state and buy that gum. At least that would help me forget about the cost of thousands of dollars for a while!
It there Juicy Fruit with special ingredients?
lol! I have 71 shares on RH. I'm guessing it will go to 1 on the next r/s. Maybe I should sell 70 of them for a piece of gum or something prior to the r/s. But, it may be difficult to chew a piece of gum that I paid thousands of dollars for!
That is a beautiful average! I'm guessing many here are jealous (including me!) Good timing. With that, you should make a bit. I don't know if it will triple, but there should be a good bump.
Boy, that gap from 21 to 40 sure is looking Purdy!
The broker gets richer off the commissions?
.02's sounds good to me!
Stalemate. No buying, but no dumping either.
My Robinhood balance in DCTH is under a dollar now. If that gets locked out, I won't sweat it!
Does anyone know if TD Ameritrade gets locked out in a reverse split?
I was locked out a few times. When it went to OTC, when the r/s happened, and it seems like another time. That could just be another stock that did an r/s though.
That was with Robinhood. After going to OTC, I couldn't buy more with RH. For a few days, I couldn't sell either after those events.
That was part of the reason for the horrible loss. Those days that I was locked out, there were dramatic drops in share price. By the time I could sell my shares, it was so low that I expected some bounce that never came.
16 Million on the bid now at .21! Let's go!
Yes, CDEL popped up with bid of 11.5 Million!
Good question.
Paid by the post to bash the stock? What interest does someone have to pay someone to bash a stock on a message board?
On others, shorts would to drive the price down. As has been stated here, it would be quite expensive to short this.
How about attempting to keep the price down temporarily to load up? That sounds plausible to me.
He/she is not spending so much time posting here for nothing. There is some monetary incentive involved, but I'm not sure from whom.
76 Million shares traded in under an hour! No BMIC. Looking good!
CDEL trying to load the boat at 25, placing that block at 26
Cool! Good luck with it!
So, you have 2.925M right now for a total of $6,728. With that amount invested, why is the extra $172 for the final 75k an issue?
You left off one part of the steer analogy. No balls to face the 99% + drop in share price.
It's rollin round the bend . . .
Or at least one little peep in a letter to shareholders on an explanation of why it happened and what she plans to do in order to bring up the share price.
Lots and lots of communication trying to convince folks about the necessity of a yes vote last time. NOT ONE WORD about the horrible 99% plus drop.
A little, "Oops! I f@#$ed up. Sorry!" would even be better than what we have received.
I know these 71 little tickets I have in my possession will never come near the thousands of dollars I paid for them. However, some little acknowledgment of the issue from her would be a nice gesture.
Interesting! I wonder if the first slide will show the monumental slide of the share price?
BUT WAIT! If you call now, management will throw in an extra bag of negativity and remain silent during the free-fall!
On Ameritrade, search level 2. It will guide you. There is a switch that has to be turned on, if I recall correctly.
Names as in CDEL, NITE, ETRF, BMIC, CSTI, VNDM, CANT, and VERT. Those are on the ask at the moment, in ascending order.
On the Bid, there are NITE, ETRF, CDEL, CSTI, CANT, VERT, and VNDM.
It does seem to be an effort to keep the price down and accumulate.
ask up to 18! Let's go!
That's quite a wall CDEL has up there at 17. Large ask at 17 and large bid at 15. Trying to hold it down to accumulate more at 15 and 16? Looks kinda familiar!
I agree. Just because more folks aren't vocal on here doesn't mean the deco is alone in the thought process. I also believe this will jump. I don't know when, but this looks like a very good price.
I have to agree. I've worked with CEO's in the $500k range. While I thought they were overpaid, the company was at least surviving. The horrible decline of the share price (99.974% loss from 15 cents per share pre split to now!) over the past few months definitely warrants a reduction of salaries of the C class folks. Not one peep from the management on that horrible loss of cash on the part of the shareholders is unbelievable.
But, then again, so is asking for yet another r/s and doubling the authorized shares.
It was maxed out. Then the reverse split. Now, it has maxed out again within a very short time frame. The reverse split is again on the table, and highly likely.
Civility is good. You seem to really believe what you are saying. My first impression was that you were just another of the myriads of pumpers that have come and gone over the past several months.
There were several touting the impending rise back when it was 15 cents or so, pre-split. Lots of the things you say now were said then. There were several positive catalysts that were looming. It went to 24 cents one morning in the pre-market and has steadily declined ever since.
So, I was a bit frustrated at your posts since I believed in the same stuff months ago and lost my ass. I can see your point, but I advise you to look at the history of this stock. The O/S is maxed out for now, but the r/s will happen soon.
For what it's worth, I hope you are right. I hope it does triple and give folks a good exit point. Tripling from here is still way down for many, but it beats where it is now.
Matt, how does this high and low share price fit into the charting?
Q116 3,024.00 1,400.00
Q216 1,995.00 1,288.00
Q316 1,613.50 868.00
Q416 959.00 315.00
Q117 304.50 28.00
Q217 94.50 7.00
Q317 72.53 19.23
Q417 50.35 0.03
Quarter 4 alone, drop from 50 bucks to 3 cents!
Many more variables with this company than the technical analysis that you are looking at.
IF they were not pursuing the FDA approval, the expenses would be much lower. Still, with only 2.7M in gross revenue for the year, it wouldn't go far. Your top 10 highest paid employees bring in close to that amount, if not more.
I believe that would be an option ahead of bankruptcy. I don't believe this current leadership would pursue that. The CEO and CFO salaries alone eat up over 30% of the gross revenue! They would have to take large cuts to exist only on the European revenue. That much larger US carrot is what makes folks like us fork over our hard-earned cash to keep them in the lifestyle they have become accustomed to.
Wow! Wrong stock? Crack pipe? 500M, not 2.2M. Little bit of a difference.
IF the company can survive until FDA approval, it will skyrocket some day. When I first did an analysis such as this back when the voting was going for the last reverse split, the dilution needed was minimal.
500M shares X .15 = $75M market cap.
1.5M cash burn rate = 2% per month dilution required.
That seemed like nothing, so I thought the vote would be a win/win. No would produce a spike, but doom the company to bankruptcy. Sell all on the spike and be done with it. Yes would cause a short-term decline of 20% or so, but allow the company to survive long term with only 2% or so dilution per month.
We all know how that theory turned out! Announcing voluntary OTC at the same time as the No vote prevented the anticipated spike.
This reverse split will happen, regardless of the outcome of the vote. I believe it will be yes. I believe that was arranged on the "give away the farm" deal of the 250M. Regardless, she proved last time that she will push through the reverse split regardless of the outcome of the vote. It will just be cheaper for her to do it if shareholders happen to vote yes.
Whoever buys at the end, just before the FDA approval (if the company survives that long) will do extremely well. I suspect current shareholders will be wiped out just like the last batch with a r/s and subsequent unbelievable decline.
4M cash on hand as of 12/31.
5M cash for giving away the farm.
Total of 9M cash on hand.
Expected to last through May, 5 months.
Cash burn rate increase due to trials from 1.5M per month to 1.8M per month (9M / 5 months)
Dilution needed of $1.8M per month.
Market cap = 6.5M (5M OS X .013)
Monthly dilution going forward = 28% ($1.8M required / Market cap of 6.5M)
She worked hard for the company to survive, but how long can that last? That 99.998% drop in share price appears to have done Delcath in as it did so many investors.
The revenue in Germany did not grow as much as I had expected. She gives the cash crunch as the reason. They are still in a cash crunch if they only have cash on hand through May (1.5 months). I was very optimistic about this stock for a long time. Now, I don't see much chance of recovery.
500M outstanding shares. Market cap around 6.5M