Delcath Systems Inc (DCTH)

[Simsim99]

Warrants. It is confusing with all the amended agreements, but what I see in respect to the amended agreement on October 10 is that In lieu of the “true up”, on or before the 135th date following the date of consummation of the offering referred to on oct 10 delcath may buy out that provision for $6,138,349.80. Are these the 300 million warrants he is referring to? The true up increased the number of warrants. If so they gave themselves the ability to pay it off and not issue all those warrant shares. I don’t know how they would have the cash to pay that off, but they must have had something in mind to include that out for themselves just three months ago. Unless I am reading this wrong. It’s not all clear to me.