Delcath Systems Inc (DCTH)

[Carlito78]

And sorry to harp on about the recent R/S, however the more i think about it, the more i believe that management did not see the current situation coming i.e. SP plunge resulting in this level of dilution. If the sentiments echoed in the letter to shareholders had any sincerity to them, then management truly believed that the price would hold and as a result, only a few million shares (rather than a couple hundred million) would have been needed to pay off noteholders. They would have also been able to relist on the Nasdaq and been able to encourage institutional investors etc,etc, etc. What transpired however was essentially a disaster which they didnt see coming and has forced them to consider other options. Just a thought - a bit easier to accept than the alternative of having been sold a porky when all along the intention was to dilute right back up to square one again.