Delcath Systems Inc (DCTH)

[Rapture2020]

I would factor 38% of each day’s total volume going toward debt reduction.


My formula puts us at 72M OS and $8.8M debt cleared.

Yesterday I ran some numbers and if the VWAP remained constant at $.055 and dilution remained constant the past months’s rate of 38% of the total daily volume, 80M shares will need to trade.

Today 6M shares traded around the BWAP rate of $.055 rate, so we’ve got 76M shares to go, IMO.

We are going to need a catalyst to ratchet up daily volume or else we’re stuck in DCTH purgatory for the next week to 10 days, unfortunately.

Anyway, that’s my take of it. I was wrong before so I could very easily be wrong again.

GLTY.