Delcath Systems Inc (DCTH)

[Rapture2020]

After reading the Pre Form 14A, and at the risk of sounding like Billy Ray Valentine, how is this different from bouncing a check? Why did DCTH write a check knowing they could not honor it in advance? And why would someone accept said check knowing DCTH didn't have enough in the piggy bank?

The Board strongly believes that the increase in the number of authorized shares of common stock is necessary to provide us with sufficient authorized shares so that the holders of the Series D warrants issued in conjunction with our February 9, 2018 public offering may exercise their warrants.

What would happen if they could not exercise their warrants?

Ugh, I cant get Cherry Pie out of my head.