Delcath Systems Inc (DCTH)

[Tekterra]

Possibly. Under normal circumstances they would be breaking the law. But, if there was a request or some sort of non disclosure filed with SEC they can legally hold back the news.

So if we don't hear anything by tomorrow AH, I think you are right. They likely have something big going on that allows them to not PR the vote result. In case like this, no news is actually great news.

I am not an expert in legals so maybe someone with experience can look that up. I do know that if a trial result or new product is part of a negotiation, the suitor and the company usually sign some sort of confidential non disclosure agreement which typically results in the company being quiet about anything that's related to the product during negotiation periods.

But, can an RS vote result be considered something that affect the negotiation in some way that they withhold the info? We know that RS result can cause fluctuation in share price and it would be hard to make a deal but Delcath is not valued based on market cap unless the suitor is intending on buying shares.

They just seems to be taking sweet time on pretty much all news.