Delcath Systems Inc (DCTH)

[benandemmiboo]

What I don't understand, if Delcath needed $25 million, why wouldn't it have attempted to push up its stock price/market cap prior to posting a filing, and then shoot for all $25 million in the filing? Once the convertible was truly complete, it only eked its way up to 4 cents, in part because they had already filed the 13G (before it was even active) so investors already knew it was coming -- we just didn't know when.

Companies definitely do not need to post news of a financing until that 13G is already active.

While they may not have been able to raise all $25 million, I am sure as a 10 cent stock, they could have raised more than $4 million. It's as if Roth and they deliberately bundled this...