Delcath Systems Inc (DCTH): If that is the case then why make a poin...

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Dark-Rider

Re: etrex5 post# 4228

Sunday, 02/26/2017 6:06:24 AM

Sunday, February 26, 2017 6:06:24 AM

If that is the case then why make a point about temporarily agreeing to "reduce" the conversion rate to .14 a share? If you don't want to point something out you don't make filings about it. Just from the way the stock acted Friday (and leading into Friday) it seemed like the selling had slowed down to a crawl. But in any case the reduced rate only goes through Thursday of this coming week.

From latest 8K... "On February 22, 2017, Delcath Systems, Inc. (the “Company”) and holders of greater than 55% of the aggregate principal amount (the “Required Holders”) of the Company’s Senior Secured Convertible Notes due December 29, 2017 (the “Notes”) agreed to temporarily reduce the conversion price for conversions at the option of the holders of Notes (the “Conversion Price”) to $0.14 per share of the Company’s common stock, for a period commencing on February 23, 2017 and ending on March 2, 2017 (the “Reduced Conversion Period”)."