Delcath Systems Inc (DCTH)

[Dark-Rider]

I agree with that but they have done some unfortunate financing maneuvers. The fact that they have stated quarterly conversions beginning January 2017 is troubling. They seem to be close to clearing this latest conversion but you have to then be prepared for the next wave and to they wait to convert until Q2, not sure on that one. If they have explosive news like a partnership offer then this could recalibrate in a real way but at some point they will have to get the stock over a buck. I have not seen a good logical case for how this can make a sustained move in light of quarterly conversions therefore the only way I see it happening is major news of partnership or buyout and that is just speculation. Obviously, the latest trial results were very positive and normally would have resulted in a shift but there has been sustained conversion selling into that. Trying to make a case for short term recovery here and we may see that on Friday but hard to say.