Delcath Systems Inc (DCTH)

[Mintmoondog]

@Tekterra agreed. However, I suspect that Jenny and BOD are much more exposed than we realize.
1. They own no shares; we all know this. The obvious reason why is that it would be foolish to invest your money into shares that you know you are going to dilute to nothing soon.
2. They do not have any poison pills in their share structure because all 500M shares are already issued and outstanding.
3. Points 1 and 2 basically mean that in the event of a B/O they have NOTHING, not even a job. This explains their bizarre behavior in trying to jam through a R/S.
4. They are basically at the mercy and probably begging for breadcrumbs from whomever is looking to take over. That is Karma IMO.

IMO they were over-confident in their ability to keep diluting old shareholders out of ownership with R/S and bring in new "suckers" with their pipeline. They overdid it in 2016 and HB took advantage of their incompetence and raped the old SHers. This June they got stuck by diluting too quickly before they could protect themselves to the point that the Market Cap of the company dropped to a ridiculous level = meat for the bigs.