Delcath Systems Inc (DCTH)

[poincianamike]

This will be the 3rd reverse in 6 years if voted on. Other long term shareholders dating back to the mid 90's all have been wiped out from 98 to 99.5% of monies invested. 1. Without a reverse the co's hands are tied. 500M shares, 15M owed to debt holders and another 2.3M in preferred. They can't pay the debt holders an function as a business as they have minimal revenue. The co. will be bankrupt by end of year, wiping out shareholders for 3rd time and the debt holders and preferred holders work together and get co. for its net asset value of 15 to 17M. 2. With 1 for 100 reverse at todays prices, will bring the co to $8 to $10 share with approx. 5 to 6M shares out. They will issue more shares so they can raise money and continue trials. Mgt keeps their salaries and trials continue as they will raise more money. When the money is raised the note holders along with our group will short the shares again at $8 to 10 share. Over the course of the following 12 months the share price will again go back to where it is today. Bottom line unless u are short long term shareholders will lose for the 3rd time. Sure there will be up days for longs, like last month when the price went from .02 to .36, those people did well. The losers are ones who bought on the way up to .36 and on the way down, as we call them the bagholders. Co. lost their chance to be a viable co. when previous mgt were fined 8M by the Feds for false reports, back 2009 to 2010. Just remember this. When last reverse happened Aug 2016 their was 2.5M shares and zero debt. This co. never had debt until Dr Simpson took over. Now they have 500 MILLION shares and almost 20M in debt, and their salaries are 2 to 3 times higher than previous mgt. I know this for a fact as I worked with the co. for 10 years. End of sad story for co. and it shareholders.