Delcath Systems Inc (DCTH)

[Tekterra]

The only way they going to pass RS is to rely on institutions to buy shares then vote in favor. Problem is, it felt like even the institutions wouldn't support them fully because lawsuits are real and institutions would thread lightly to be involved. Many of them get fines from SEC investigations.

They would need another like Aryton Capital to buy up 50 million more shares. But, the institution wouldn't do that unless they get paid in some way like the convertible holders will be getting warrants post RS.

So management is likely running into a wall no way out if existing institutions aren't enough to win a yes vote. In order to attract new ones, they need to make more offering. Obviously they can't offer anymore common shares. Only preferred shares, but if they keep on doing this crap, it's going to become too obvious that they will find themselves in court.

My bet is on a no Vote and a force BK sales. Restructuring or potential low offer for a buyout. Anything is better than having your shares reduced to nothing. Any SP drop post RS is multiplied by RS ratio and the last two RS speaks for themselves.