Delcath Systems Inc (DCTH)

[Simsim99]

Practically you could say that. Morally is another story. The buyers of the offering would never vote for the rev split because it’s not good for them unless they were offered a sweetheart deal which would be another method to screw us. I’ll bet she has those 250 million votes lined up as part of the deal. So what is she offering them if anything? Their 500 million warrants will be exercisable at $10. That will take $5 billion to execute them. Never happen of course. Based on what happened with the convertible note my guess will be after this is approved they will allow the warrants to be executed shortly thereafter instead of in 1 year and lower the exercise price back to 2 cents. The stock will plunge back to where it is now and Dcth will get $10 million from it. Then time for another rev split. That’s my guess. Hopefully my very wrong guess.