Delcath Systems Inc (DCTH)

[ice1234]

Buying opportunity= R/S- the reverse split is canceled officially/ =As part of the most recent vote, a little over 70 million votes were cast For the split approval and a little over 37 million votes were cast Against. /

1.5 million votes abstained.

While the for votes outnumbered those against, the proposal received fewer votes in favor than the required majority of the total number of outstanding shares as of the record date.

It is this cancellation that is really driving this company right now. It means that some sort of joint venture, a buyout or an offloading of the company’s lead development asset is probably going to be likely, each of which serves to potentially add a premium on to current share price on execution.