Delcath Systems Inc (DCTH)

[Tekterra]

Convertible are just that, based on the terms of the offering of the convertible notes. Some actually states clearly that when converted, it will be at 75% of the market price for example. So if current SP was 1$, you get shares at 0.75. It's based on terms and conditions set on the deal. So the SP can be at 0.01 and when converted the notes holders will get shares at 0.0075. It matters not how low share price is, it will just be traded in large quantities.