Delcath Systems Inc (DCTH)

[Tekterra]

Yeah, I hear you current management is in no position to really bring in revenues even if they try. Like I said Delcath is too small to be effectively marketing globally. They don't have the man power, or network and connections to be doing big business.

If forced to sell they can be ripped off with a 100 million offer like you said, which, that is unfortunate when the treatment has billion dollar market potential.

That is likely the reason they won't partner not because they don't have offers but they got bad offers they won't consider unless they are out of options. I kept saying this is that they are out of options lol. If you get my drift.

I think anyone in this room can agree management hasn't done a good job. Maybe we shouldn't blame them too much because it's very hard to run a small company and obviously you don't have the resources that a well established company enjoys.

So maybe they didn't do such a good job or shall I say it was a tough job to do for current management. But, that doesn't matter because the public only wants results, no body cares about any excuses.

So there you have it. The current investors want out, they want an end to the endless dilution. They want the company sell to a capable hands and get paid for their investment. They don't want to wait another 5 years and 5 more RS just so they can get 10% of their loses back and still ended up down -90%.

The no vote is sending a message to the company that the shareholders don't want Delcath to continue on. They want Delcath to sell.