Delcath Systems Inc (DCTH)

[13moonster]

Points to ponder:

Delcath added an auditor to the board. <Not something a company going out of business would do.
They eliminated $9.8M long term debt to creditors. <Not something a company going out of business would do.

They still need more cash for continuing operations (burn rate at $1.5M per month) and to bring the product to market. Can they borrow again - take on more debt, or do they issue more class C shares (dilution)? The OS share count I have seen guessed at on this message board has not addressed need for continuing operations funding $.

Being de-listed from NASDAQ to OCTB gives more freedom to Delcath to issue shares regardless of stock price. However, there is little chance of achieving the previous market capitalization of $100+M.

My thoughts are speculation. I enjoy hearing others ideas.

My guess for January is a nice target of .10.
.30 is blue sky and .03 is grey sky.

Volume is going to evaporate starting on Monday 12/18. Most traders going on holiday....

Best wishes, and good luck!
MM