Delcath Systems Inc (DCTH)

[Crackers07]

****URGENT***** Get out as fast as you can!

preferred a and b stocks issued in the new sec filing give the investor 12 million in voting power, The previous reverse split actually had majority of votes in favor for r/s, it was shut down by legalities of the company not having enough dilution in shares. If you don't believe me read these 3 quotes from each of these SEC filings.

Reverse split inevitable: https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12163257

On June 29, 2017, our Board authorized the establishment of a new series of preferred stock designated as Series B Preferred Stock, $0.01 par value, the terms of which are set forth in the certificate of designations for such series of Preferred Stock (the “Series B Certificate of Designations”) which was filed with the State of Delaware on July 5, 2017 (together with any preferred shares issued in replacement thereof in accordance with the terms thereof, the “Series B Preferred Stock”). The Series B Preferred Stock shall be entitled to the whole number of votes equal to $2.0 million divided by $0.1867 (the closing bid price on July 5, 2017, the date of execution of the securities purchase agreement of the Series B Preferred Stock), or 10,712,372 votes. The Series B Preferred Stock has no dividend, liquidation or other rights which are preferential to our common stock and may be converted into shares of our common stock at a price equal to $0.1530 per share upon the earlier of the date of closing to the extent that the holder thereof reallocates shares of our common stock reserved for issuance under its certain senior secured convertible notes (the “Notes”) to conversion of the Series B Preferred Stock and otherwise three business days after receipt of shareholder approval of a reverse split of our Common Stock for which we intend to seek shareholder approval immediately upon closing of the purchase contemplated hereby.
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Here is the majority vote for r/s: https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12133421

Votes For

Votes Against

Abstentions

Broker Non-Votes
70,127,408
37,672,937 1,517,180 -0-
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Series a preferred voting power:

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12157152