Delcath Systems Inc (DCTH)

[andrius]

Now that I read up more note holders are way past the holding period required by rule 144. They been holders of theses shares since June 2016 lol They just doing 4.9% and 9.9% not to trigger controlling interest issues of the 144 rule.

The Exchange Common Shares shall not bear any restrictive legend and shall be freely tradeable by the Holder pursuant to and in accordance with Rule 144. The issuance of the Rights has been duly authorized and upon issuance in accordance with the terms of the Exchange Documents shall be validly issued, fully paid and non-assessable and free from all Liens. Upon issuance in accordance herewith or pursuant to the Rights, as applicable, the Exchange Common Shares and the Reserved Shares, respectively, when issued, will be validly issued, fully paid and nonassessable and free from all Liens with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock. By virtue of Rule 3(a)(9) under the 1933 Act, each of the Exchange Securities will have a Rule 144 holding period that will be deemed to have commenced as of June, 2016, the date of the original issuance of the Existing Note to the Holder.