Delcath Systems Inc (DCTH)

[jmoma]

The company is not doing well at all. All longs from 3 years ago have essentially been wiped out from reverse splits and huge dilution. Shareholders voted another reverse split down 2 times so the company did an end around and issued oreffered shares to 2 noteholders so now they can force a reverse split because the oreffered shares have majority vote. Money is bleeding out not in and they are more they are more than a year away from being considered for FDA approval. I still have shares thought the worst was over only it has gotten worse. With another reverse split and dilution coming so they can avoid bk it sure doesnt look promising. But hey keep painting the red flags green if you want.