Delcath Systems Inc (DCTH)

[ddaurelio]

@SAMNOTSAMUEL - "Convince me why I should buy back in"? So, you don't have a horse in this race? What should it matter to you then if R/S is voted down? I might have been in favor of one -- except for the fact that they've done it twice already to the tune of 256X dilution, and what do they have to show for it? NOTHING!! To me, the facts are clear: If we trust the management to "right the course" by allowing them to do an R/S and getting their finances in order, we can be assured of further dilution because many longer term holders will probably bail (knowing what happened after the last 2 R/S), which will cause a selloff, possibly bringing the SP back down in danger of delisting again. The statements in the SEC filing relating to delisting and not being able to access capital are a bunch of scare tactics. Does anybody really think that DCTH is unknown? Obviously not. Take a look at the NASDAQ site. There is a list of institutional investors that already hold positions in DCTH. Besides, I am pretty certain that Delcath has probably already been in talks w/ NASDAQ about another extension. IMHO, there is not enough time to solicit a proxy (they haven't even filed the final one yet), hold a meeting, tally the votes, decide on the R/S ratio (assuming its approved), and put it into effect before August 14th. So there has to be a backup plan.