Delcath Systems Inc (DCTH)

[benandemmiboo]

Why do you say it is a 250 million share offering, pure and simple, when that is simply the max (including warrants) that they can sell? They can sell up to 250 million shares or raise up to $10 million dollars. If they're not focusing on trying to raise $10 million, at best price possible, why bother to even invest in the company?
It's their fiduciary duty to get the best price they can get, and saying "up to 250 million shares" is an absolute worst case scenario, as it would suggest an offering at or below 4 cent per share. It would give them a market cap that's essentially no more than cash on hand.