I been here awhile, What Happen
At shareholders meeting proxy voting, the shareholders voted down the RS. However, by cashing in some Series stock, Jenny was able to override the SH votes and approve a RS on Nov 3, the RS approved by the BOD was 350:1 for each 350 shares held you get 1 share.
This allowed DCTH to recover 499,000,000 shares leaving 1.4M outstanding.
The conversion, of shares and SP of $11 Post RS. However, in one week the SP went from $11 to around .10 per share, since then it has been on downward trend since.
at this point Hudson Bay who was suppose bail out DCTH, sold all their shares 25Million and two others sold shares equal to 33Million shares
Two unnamed investors whom DCTH has done business before stepped in to raise capital for DCTH, all based on RS. The initial investment was to be $1.5 per share post RS, but the price drop from $11 was so fast that it had to be changed to raise the 10M needed to release restricted funds and raise 10M capital to continue PH3 Trials
This is where we are now dilution of 330, million shares to raise the 10 Million, due to pissing off all the tutes and investors with a 350:1 split
Now we are waiting for more investors to support DCTH, hopefully by end of this month dilution will end.
Plenty of time since FDA approval of PH3 data collection will end in June 2019 if all goes according to plan
This is already a proven product in Europe, and over 450 Chemosats have been done with outstanding results. However, the USA management team led by Jenny Simpson
To get a full story go read the SEC filing, this is a summary.
I do believe FDA will approve, but get your camping gear will not happen until 2019