Delcath Systems Inc (DCTH)

[Rapture2020]

Leaping 12 months ahead is nonsensical. What we can say for sure is that DCTH will have roughly 100M OS once conversion is done. The conversion should be complete by EOY or earlier.

DCTH is getting pounded by equity short interest. Personally, I don’t short, but the short interest has used the ongoing conversion with precision and will continue to do so until their air cover dries up (i.e. conversion is complete), IMO.

I though it would end last week or early this week, but the OS tells me conversion has been reduced by 36% week over week and still the stock tanks.

So we ride it out until conversion is complete or a game changer emerges before EOY that blows them to smithereens.

I’d love to see the latter, but I expect the former.