Delcath Systems Inc (DCTH)

[Tekterra]

James not sure I understand your statements on this one. The terms are contingent upon RS. That means, RS must pass or these new terms won't go into affect.

We potentially see some change vote to Yes, and I agree SP should rise since management is trying to put a floor in at 0.35. Another words, they are trying to give the current shareholders 0.23 return but there is no guaranty this will work after RS if fear breaks and shorts take advantage of it plus the 10% remaining convertible. It can cause panic sell.

If no RS none of these terms will take affect. They are still stuck with the same problems.

The one thing we won't ever know is whether or not we have a buyer and an offer. We don't get to choose between that or RS. In theory, as owners we should be entitled to know, but that's not how a public company works.

So we can't really make a good decision right now. We only know what they are telling us what will happen if we vote Yes. But, they aren't telling us anything else if no vote. So we take a gamble here.