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What ever happened to SamnotSamuel?
Looks like Stocktwits is back up - who's going to be the first to post there~~
Hi, i am new to trading and have come across this stock. I'm looking for a good investment opportunity. Is there much history associated with this company? Thanks.
Bond and Tickerpicker 1st equal
Rap 2nd for enduring optimism
Sam 3rd for...enduring participation
Lwe6638 4th for essentially being correct in that there really doesnt seem to be any good reason for the bounce - but hey! if you making $$ then good on ya!
Don't do it Bro! Your life is invaluable! Google a crisis phone line in your area and talk to someone now!
Potentially - but you are one guy i definitely know will be looking to capitalise off the volatility in between.
Wonder if we'll see price tank to $0.001 per share (or lower) in closing seconds resulting in price per share of $1 (or less) tomorrow?
This could get really interesting real quick. With such a low O/S count, demand could cause this thing to rocket - although timing will be everything. Expecting alot of initial volatility including a dip after the R/S (negative sentiment plus financing plus shorts etc) but after that, given a tight O/S count, if the PR machine kicks in then...
Management are definitely heartless but i will say that the opportunity to make back money lost is greater now.
The one advantage i see for those who have tracked this for so long is that we are here and aware right now. All the best.
For those looking for a 'spike' to provide a way out, recall what the stock did in the 14 days after the last R/S. Dropped value quickly but then there were 2 occassions where it jumped 100-130% in a day. Happened while float was still low making demand strong. I'd expect quick drop in value again but volatilty maybe coupled with a PR release will provide a spike. No convertible this time (at least not yet) so may not see as massive a dilution. You will likely have to buy more but wait for the dip (give it anywhere fron 3-4 days after R/S). Will definitely require savvy trading and will need to watch the stock like a hawk. All the best - and for those remaining to stay long and who will continue to invest - all the best too!
Sam, i haven't been keeping up that much as of late however are you in support of a 500:1 level r/s? I am in favor of an increase in OS to satisfy recent offering however i'd rather see a R/S somewhere around 10:1 or 12:1 so that OS ends up under 100 mill and that current longs arent wiped out. Everyone will just be rescaled accordingly with total OS. I actually reckon such a move coupled with good PR would see an increase in SP as management would be seen as more trustworthy and people would see the stock as a safe place to park their $$.Coupled with demand SP would head north. Then they could look at another ROTH private placement that would see far less dilution. But hey, what do i know right?
Was convinced that things were on track for an increase in AS but that the RS would not pass first time round (but eventually would). Also that management would continue on as is.
However last filing was completely bemusing, especially in the letters where they state
1. Your employment with Delcath ended effective SEPARATION DATE (the “Separation Date”).
2. Thank you for your service to Delcath. We wish you well in your future endeavors.
Like its been written in the past tense. Are the BOD poised to change management and if so, who or what is driving this?
Still cant see a catalyst unless
1. B/O is somehow in the works behind the scene or
2. AS and RS pass allowing for further share issuance
Maybe B/O post RS?
I voted yes to increase in AS but no to RS (in its current proposed form). No need to go and wipe out all investors again (i mean c'mon DCTH management - no need to do that to the ones that saw you through the recent tough times right??). Better to RS at maybe 10:1 or 12:1 to get share count at around or just under 100 mill. THEN MANAGEMENT CAN DO SOME WORK TO MAKE THE COMPANY VALUABLE AND INCREASE THE SHAREPRICE TO $1+!! Then they'd only have to issue a fraction of the number of shares to raise funds. Final sharecount would be a respectable 100-120 mill shares. Price would go up, shareholders would be happy and we'd all enjoy good times -EASY!!
So if they go ahead with R/S at 500:1 then O/S will be around 2 million at about $5. Question then will be if price can hold or will it drop out again? If it can resist shorts and stay above $1 then dilution will be about 20 mill more shares. Maybe worth investing in at that point. Sadly though, investors in this round would be wiped out (pretty ruthless) including recent purchasers of 250 mill shares which i cant work out. Unless warrants are somehow exercised post R/S (warrants adjusted accordingly) but then why increase share count to 1 billion now? Regardless however, pretty poor showing really.
Was/Is definitely a gamble - absolutely no doubt about that!
Hard to see the Co. from Buffalo theory playing out now although anything is possible. It is interesting though that at present the 480 mill odd outstanding shares at 0.02 cents a shares equates to just under $10 mill and the amount put aside by the Co. from Buffalo for acquisition was...$10 million. Probably just a complete co-incidence.
I also believe the 180 mill share mystery needs to be revealed for greater clarity (I havent been keeping track but somewhere along the line it appears the number has been revised from 250 mill to 180 mill - was it established that someone else got the balance? - dont need to answer as if thats the current state of play then it is what it is). It could very well be the catalyst for big things but could also be very bad news - time will tell. As things unfold however i do believe that the company always needed more funding and planned more share placements but just hadn't counted on the bottom falling out of the price the way it did resulting in such high levels of dilution. Had the price remained higher, fewer shares wouldve needed to be issued to satisfy convertible etc. The company however had no control over this (was market forces at play).
If the 180 mill share mystery turns out to be bad news then i think another R/S could very well occur sadly as its the only way (well there are other ways like increasing the O/S count even more) to raise more funds AND position the company for relisting back on the NASDAQ eventually.
The thing is however that if the price falls to low sub-penny even a 500:1 R/S wont get the price up to the $1 requirement for NASDAQ.
Really think the company hasn't been sufficiently transparent about funding requirements as who else had any sense that they were going to seek a further $20 mill? I like the idea though about the right to try bill being on the Prez's desk!
Yes, i was wondering about that statement myself i.e. "They specifically say the additional shares available after rev split will allow them to block hostile takeover if one comes along even though the takeover would likely give shareholders a premium." Think they specifically need a Gordon Gekko in there to shake them up Teldar Paper stlye!
So if thats the case then shouldn't the vote be a YES vote to help facilitate the transaction? Or should the vote be a NO vote as in principle, we dont support the recommendation as further dilution and potential R/S is bad but actually secretly we do support it as it will help grease the wheels?
Not suggesting that an apocalyptic event hasn't transpired here as it very well appears that it has HOWEVER, there are some things that seem 'fishy'. First and foremost for me is the speed with which the offering was fulfilled. I mean basically the opening and closing was done in the snap of a finger. This suggests a pre arranged deal as IF they were trying to get the BEST deal, surely they'd have touted the offering around for a bit for a few days to test market interest? Of course this could simply mean that they were really desperate and agreed to a pre arranged deal to secure cash quickly to cover the short term. Next is HB's and Ayrtons existing holdings - are they about to get wiped out as well? Finally there is the mystery of who bought the 250 million shares. Could very well be HB or Ayrton or someone else but again, are they about to get wiped out? Totally lost confidence (again) in management (cant Simpson go back to being Chief FDA Navigating Officer while getting in a good CEO) and am now leaning more towards Sam (not quite at Trompete or Ofri yet) HOWEVER i am ever intrigued!! - Props though to Rap and others- hope is never a bad thing!!
Ohhh!!! Now this is interesting!!!
Yes, when i opened the filing and saw "Ayrton" my first reaction was "FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU....ZZZZY!!" But then i saw that they weren't the 250 mill holders and felt much better!
Just a teaser...big reveal still to come!!
Well, now that the deal is done, you wouldn't think that there would be any need for secrecy anymore? Its gonna come out sooner or later so lets hope they choose to 'reveal' sooner rather than later to satisfy our intrigue!! I also sent an email to IR but have never received a response in the past so not holding my breath. Gotta be honest, been reviewing profiles on Linkedin...been thinking to reach out to try and strike up a relationship with an insider...maybe someone in production...they probably more 'real' and therefore more understanding than the crowd in NYC.
Wonder how long before we find out who the new majority shareholder is? Anyone know the rules around how long they would have before they have to disclose in a filing?
I want to believe Simpson!! Give me the faith baby!! Give me that nice PR at 8am to start the ball rolling!!
I want to believe!! Give me the faith!!
Anticipating (as always).
Looks like a few of the Buffalo Co. heavies have been buying up a few of their own Co's shares. Wonder if its just cause they think they are a little undervalued at the moment or is there something else..?
Interesting - i only ask as someone made an earlier comment about PMike's lack of recent posts and potential reasons why - would only make sense if the org was reading. Also you seem to know a bit about the lawyers involved in the prospectus amendments - someone you know?
Leotrader - out of curiousity, how do you know one of the individuals listed below is reading this board?
Not sure - just posted for JHstamwine.
Notice of Effectiveness (effect)
Date : 02/08/2018 @ 6:01AM
Source : Edgar (US Regulatory)
Stock : NO^DCTH (DCTHD)
Quote : 0.0899 0.0 (0.00%) @ 2:05AM
Notice of Effectiveness (effect)
Print
Alert
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTICE OF EFFECTIVENESS
Effective Date: February 07, 2018
Form: S-1
CIK: 0000872912
Company Name: DELCATH SYSTEMS, INC.
File Number: 333-220898
Amen - me too man! I just wanna get some $$ and move on!!
Yeah Sam - theres your answer~~
80 hours a week? She should really consider her work/life balance...
Maybe he'll be on tomorrow's (version 6)? Hope none of these guys are carpenters. The rule "measure twice, cut once" doesnt appear to be one of their strengths.
Interesting that Pedder is not on there. Thoughts?
Not sure why they referenced the older 8-k though? Based on latest OS count their holding should be 5.2%.
Interesting - wonder if we'll start to see more of these being filed? Must have something to do with all the shares issued now being registeted.
I respect Sam and Rap and a few others for stating and reiterating constantly the fundamentals as they stand. I also completely sympathize with those who got stung with this stock. However only one poster knew that news was coming on the week starting the 15th of Jan. That kind of knowledge only comes from somehow being connected to people who are talking. Is it right or wrong? Im not sure (it does feel a lil' Bud Fox), but i'll take it.