Delcath Systems Inc (DCTH)

[Triceps22]

Mint, if you saw Gator's earlier post a while ago, he said there is going to be dilution up until the toxic notes are converted.

I had mpression he was referring to no additional dilution after that.

From the earlier post there is $15 million of debt that cannot be converted under the post-price-split ratio. If as Gator suspects there is a 100 split that means under $5 and no more conversions.

Go do the math, and it shows that the maximum additional dilution would be 3 million shares post-split. $15 million in debt / $5 share conversion floor = 3M shares issued to Hudson Bay.

It may be less than that if Delcath can convert before the stock price drops back to $5 floor.

So 53M diluted max shares to have $15M to finish trials.

Nobody is saying no more dilution. Just no more dilution after the notes get converted. $15m is or should be enough to get through the rest of the trial presuming management doesn't give themselves a bonus,.