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I don't think I would trust a box of chocolates from Delcath. "The Help" comes to mind.
The burn rate was about $1.5 Million per month. That is based on the published financials I looked at back in the summer or fall. I don't remember exactly when, but it was in that ballpark. I expect it to drop with increased European revenue.
I still own 71 shares on Robinhood with an average of around $55 per share! My expectations are not to be trusted. However, I am an accountant and my math is correct based on the published financial statements that are available.
My magic 8 ball research suggests that the bottom is .0395 and the high of the day will be $1 Million per share.
CDEL is a different beast than MAXM. True, they both competed for the lowest ask price for a good while. CDEL is now usually in the lowest price area.
However, they also show up on the bid side. I noticed yesterday a few times that CDEL had both the highest bid and the lowest ask at the same time.
Funny that you mention epic reversal.
I was looking back at my DCTH history. I sold some at .0583 to cut my losses. At the time, that was around a 60% loss. It would now take about a 45% gain to get back to .0583.
That doesn't sound too unlikely. However, that sale was on 10/6/17. A reversal back to that point of being 60% down would be quite the epic reversal. We only need a 50,000% gain!
Poor MAXM may not have sold any shares today. I don't think they have for a while. I think we should all help them out before they get withdrawals or something. They are only asking .2905 per share. Maybe we can help them out a bit and get the price up there.
Just to help them out, of course!
Wow! 5 Billion? Hitting the hard stuff early today, huh?
You are making me want to sell my DCTH and invest directly in Athenex!
It means nothing, in my opinion. I tracked their ask price very closely for a few weeks. Often, they would start the day at $8.00 before dropping down to the lowest ask. Lately, they have been parked in the 9 cent range. They had been there in the past as well. They may stay there or they may drop below the lowest ask price at any given moment, from their past behavior.
I'm guessing nothing. They have been at 9 cents before. Often, they will start off at 8 dollars. Thursday and Friday, they were parked at 8 dollars every time I looked. On 1/11, they were at 9 cents toward the end of the day when share price was in the low 4 cents range.
I definitely would not mind them getting to sell some at .092! Maybe they do know something I don't, but again, my call is that their ask doesn't mean anything at this point.
That is a reasonable projection in my opinion. Approval on the insurance reimbursement system is a fairly recent (1 year or so) undertaking. There was quick growth after that, then it seemed to stall out. Cash flow issues would be a reasonable explanation for the stall. There was a big shindig at a hospital in Germany a while back celebrating their 100th patient using Chemosat. I imagine their footprint in Europe is either already growing or will be growing soon.
Of course, that was my line of thinking months ago. I have under $10 worth of DCHS stock that I paid thousands of dollars for. Therefore, even I question my opinion on Delcath.
I don't believe Europe revenue will remain a yawner. Great growth in a couple of quarters (Q1 2017 and Q2 2017? I don't remember for sure). I was expecting continued growth, but it dropped slightly one quarter.
In one of the press releases, I believe they specifically mentioned pulling back there a bit when cash was strapped. With BK now appearing to be a non-issue any time soon, I believe growth in Europe has probably already ramped back up.
Also, inventory had grown on the last financial statements. To me, that points to expected increase in need in the near future. It looks like it will be a couple of months before we know, though. Last year's info for Q4 wasn't until March.
Last year's 4Q info didn't come out until March. I just looked this morning. I was thinking they should be out soon. The posted Calendar Year 2016 info in March, which included the 4th quarter. For the other 3 quarter, it is faster.
As an accountant, this does make sense. For the year end, they probably won't release the information until an external audit is completed. I just looked at last year. Maybe I will look at the other years to see if it is their normal trend. That info is in the archives on their website.
You mean that odd flutter with a high count and your max bet out with 8's split 4 times and 3 doubles against a 6 upcard and they turn over a 4? Yeah, that flutter waiting for that next card to flip over is very similar.
Just like that high count on a blackjack table, I believe the risk is worth the potential reward on this stock. It looks good, but you never know what is coming down the pike. (If you do, I'll pay to rent your crystal ball for a while!)
Come on, CDEL, lighten up on the reins. This horse has been held back long enough. She wants to run! Why not let her stretch her legs a bit?
Wow! That is pretty! 1M share bid at .037
After this thing goes up and before you purchase a kingdom, you owe me a keyboard.
That Richard Simmons thing caused me to spit coffee all over this one!
ET Go home! Your momma called my cell phone by accident. Dinner is ready. Go home and take your low asks with you.
I choose not.
Been down that road with this stock. That was said very often a few months ago. One morning, it spiked to around 24 cents pre-market. At open, it had dropped to around 18 or so. I held it since it had just been at 24 and there was lots of pumping going on about it going to a dollar. Surely, it would go back to the 20's at least.
It never did. That value that morning before the market opened of around $6k is now worth a whopping $2.20.
I do believe it will go up above the current level. I bought some this week. However, $1 any time soon is about as likely as me hitting the powerball tonight.
Certainly looks that way to me! I added more yesterday.
Started at $8 at 8:30 and 8:45. Then dropped to $5 at 9:00 and 9:15. Then, they got upset about the green arrow and decided to do something about it. 9:30 drop to .0312 and now down to .03
OK, I am color blind, so I can't tell the red and green color. That arrow sure looks like it is pointing up though! 25%? Do my eyes deceive me?
I bought shares today. Average now under 40 cents from over $50 after the split.
The manipulation is interesting today. Why so many bids higher than the ask? Is it to artificially drive the price up for some reason?
It looks to me like they were dealing with loansharks! Even more ruthless than most.
Well, Rap, hang in there. Seems these jokers are working hard to beat you up today. The two amigos are also competing for the lowest ask this morning as well.
Hilarious! Must have been some interesting results!
A friend told me about one of his buddies on LSD during a firefight in Vietnam. He was standing up admiring the pretty lights going all around him (tracers)! My friend had to tackle his buddy and hold him down.
I don't know. The suspense of whether .03 will hold. The race between MAXM and CDEL. They have exchanged spots for the lower bid 7 times today, looking at it every 15 minutes. Currently tied at 12:45. Who will be lower on the next check? Will my .02something bid be filled today?
Who knows! Wish I had some popcorn to go along with all of this suspense. Not to mention how many times will a certain person post about excrement.
Dude, you let me down again. My buy order didn't fill. I thought for sure today would be the day you brought it below 3!
I had one once. Primerica was going to make me rich!!!!!!!!!!!!!
I rolled over my mom's IRA. That was about it.
Over 200 pages of dry legalistic reading. Fell asleep after 3. Anyone care to summarize in laymen's terms? How does this relate to the 123 Million shares that has been discussed?
2 bags, one of which is carryover from pre r/s. That bag is around 70 shares at around $54.50 per share.
Your bag looks awfully light in comparison!
My other one is much lighter.
True, but it appears that MAXM is the main tool being used to carry out those filings, in regards to the dilution and note conversion.
Here is what MAXM has done today at various times, according to OTC Markets. Times are close, not precise on the minute. Attempting to track on 15 minute intervals when time allows.
8:45 .0425
9:00 .0425
9:15 .0425
9:30 .0422
9:45 .0422
10:00 .0422
10:30 .0389
10:45 .0385
11:00 .0374
11:45 .0384
12:00 .0384
1:30 .0400
1:45 .0400
2:00 .0396
2:15 .0396
Times are central standard time.
Well, at 6 cents, you are more than twice as well off as me. My average was slightly over 15 pre-split!
Yes, that whole "It must be a quiet period due to negotiations of a buyout" was the explanation thrown around a lot to explain the lack of PR.
$114 Million outstanding shares as of 12/29/17. That is the latest update from the company that I have seen.
My take is that they are issuing new shares. They haven't given an update on outstanding shares in a while. The last that I have seen was $114 Million on 12/29/17.
The final share count when this is all said and done is up for guesses. There have been many. I do think it appears they are cleaning up the books.
Fifty cents is what I am hoping for as well. My average is still slightly above a dollar at this point. I'd be happy with a 50% loss as opposed to over 90%. If this 123M shares takes as long as some are saying, I should be able to get it down to the fifty cent range or better. Single dad of 3 teens don't give much ammo to bring it down!
I've not looked into the 123 Million shares past this site. It is quite confusing in the wording of it all. What appears to be the common theory that MAXM is converting shares seems to be supported in my analysis. CDEL and MAXM alternate between who has the lowest ask. I don't know if there is a connection between the two, but I have noticed that the past few days.
I did buy some more shares this week. Still cautious, though. Maybe adding a few more next week. I stretched way too far and held way too long (still holding 71 shares from pre-RS) on this. Recovering financially, but adding slowly here.
"Fortune" "Killing" Under $60k currently invested. Sorry, I forgot those terms were relative. For some reason, I was thinking the "group" that is playing golf with former CEO's of Delcath may have a bit of a higher dollar amount attributed to those terms. Now, I see.
"Group" = High School Buddies
"Fortune" = Tripled Drinking Money
"Killing" = Turned Tripled Drinking Money into a nice chunk of change.
"Playing golf with" = one of the high school buddies is a caddy.