Delcath Systems Inc (DCTH)

[BMikeInvestor]

Here is a recap of what I got from Andrius...

It’s just the beginning batch towards paying down rest of the $3M debt left...
***see contradicting post at the bottom

Restricted shares are shares that aren't issued yet...
***100% wrong

Note the 9.9% of OS. Its done this way so they can avoid rule 144 restrictions...
***Rule 144 does not govern Beneficial Owners, it governs the sale of restricted shares

Didn't it common stock par value .01 in the filing? If so another 220,000,000 more shares will be sold...
***this makes no sense, they only have access to 123MM shares so they have to sell above .01, they receive shares issued by the company at .01 and sell at market.

Restricted shares that are issued have holding period restrictions. In this case it appears company is not issuing enough shares to former note holders to push them over 10% of OS. Making the above restrictions null...
***again, incorrect reference to Rule 144

They already got their initial money back. Whats left is all profit...
***see original contradicting post