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Re: None

Monday, 02/12/2018 8:37:11 AM

Monday, February 12, 2018 8:37:11 AM

Post# of 50157
Financing complete with now only ~435M O/S including warrants

Per 8K filed today, Approximately 435M shares outstanding as of Feb 9,2018, with 212M offered along with 38M warrants for a total of 250M additional issued to previous outstanding of 223M. Still 65M room left for issuance during rest of the year.

Offering at 2 cents, what a steal for the Institutional Investor (my bet is its Athenex,because of how quickly it went). They have $5M, timing is impeccable i.e. right after they got the $60M from public equity financing. Watche there $5M investnent become $100M in no time i.e. next few weeks.

38M Warrants will be only exercisable after 1 year.

They are good to go with additional 5M funding in my opinion until end of Sep 30, 2018, whem the Roth dealer agreement expires. However, ATNX looks ready to acquire them well before that. The offer proposal will come at the AGM for proxy vote....if I were to sell, my fare price starts with minimum ask of 55cents pps for ATNX to take full control and take DCTH private as a wholly owned subsidiary.

Cheers, no more speculation on O/S to be 1G or even a ridiculous 5G...IMHO.
Volume:
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  • 1M
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  • 1Y
  • 5Y
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