Thursday, December 07, 2017 11:22:53 AM
Interesting to see that the Exchange had filed the Form 25-NSE, not the company.
Also interesting regarding the Footnote (1):
Delisting Determination,The Nasdaq Stock Market, LLC, December 7, 2017, Delcath Systems, Inc. The Nasdaq Stock Market, Inc. (the Exchange) has determined to remove from listing the common stock of Delcath Systems, Inc. (the Company), effective at the opening of the trading session on December 18, 2017. Based on review of information provided by the Company, Nasdaq Staff determined that the Company no longer qualified for listing on the Exchange pursuant to Listing Rule 5550(a)(2).
The Company was notified of the Staffs determination on August 15, 2017. The Company appealed the determination to a Hearing Panel. On September 13, 2017, the Company withdrew its request for an appeal. The Staff determination to delist the Company became final on September 15, 2017.
I get the feeling that the company's attempt to appeal was totally insincere. They just checked the box in their play-book.
It is my belief that the company is in the process of going "Dark,"...."Suspension of §15(d) Periodic Filing Obligations..."
A far fetched notion I have is that they might do a reverse merger, DCTH (public) with another company (private). Just a hunch.
Just some rambling thoughts. Thanks for reading. GLTY
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