Delcath Systems Inc (DCTH)

[Gator328]

Well, sorry MintMoonDog, but 1) bankruptcies happen all the time of companies that are viable.

Want a running list:

Off the top of my memory, there's K-Mart, American Airlines Fremont General, Calpine, Mirant, Ultra Petroleum, Halcon, etc, etc. And that is all in the last few years.

Want me to keep going?

There are two types of bankruptcy:

1) Insolvency. This is when assets are less than liabilities.
2) Cash Flow: This is when assets may exceed liabilities but the company lacks the cash to pay current debt or continue operations.

It's like if I have a house worth $5M but I have $500 in the bank, and I owe $500k on my credit card.

I might have to declare bankruptcy even though I have assets that can satisfy my debt, but the assets aren't immediately liquid.

I can't believe I have to explain this to you. Actually, I can. You were wrong the last time about DCTH, and you sold your shares and now you're back acting like something other than a trader.

I'm happy to continue this discussion, but I really don't want to embarrass your lack of understanding and business acumen any more than necessary.