Delcath Systems Inc (DCTH)

[Triceps22]

I tend to agree, however, there's always the possibility of spite. Dr. Simpson twice would have been rejected by the shareholders and if she is at all malicious, she might just decide bankruptcy is the better path forward.

Try to eliminate the old shares, give new equity to the creditors in exchange for the cancellation of existing debt and maybe an infusion of cash to get through the rest of the trials.

She has so few shares she would not care to lose them as it would be a near guarantee she would be issued new shares in the reorganized entity.

I don't think BK happens but its absolutely on the table.