Delcath Systems Inc (DCTH)

[Rapture2020]

With respect to the private placement, the threshold reporting requirement under Rule 13, at 4.98%, is just over 21 million shares.

The likelihood of more than 8.5 buyers under 4.98%, while possible, is unlikely given the shares were snatched up in less than a day, IMO.

Also unlikely is the possibility of 8.5 buyers (at 21M+) voting for the reverse split just three days after the placement unless they are privy to information you and I are not.

I look forward to filings this week. If there are none, I look forward to voting no. If bankruptcy be the case, so be it.

I don’t mind the behind the scene subterfuge, but it should not come at our expense.