Delcath Systems Inc (DCTH)

[Tekterra]

Agree, I have posted before that RS is for the reason to get NASDAQ extension. They knew all too well they won't get the votes. But, it doesn't hurt to try in case RS do pass they would be good.

I also believe they have plan B in the work if RS is a no. They will no doubt face BK and must find alternatives.

Management might be bad, but they aren't dumb. Since before the first RS proposal in April and the vote in June, they would have already been looking at worst case scenario of a no vote before year end and when they run out of money.

It is my belief they have alternative plans in place. It might not be what they wanted but when you're desperate and have little choice, you do the best you can whether you like it or not.