Delcath Systems Inc (DCTH)

[Carlito78]

I also believe the 180 mill share mystery needs to be revealed for greater clarity (I havent been keeping track but somewhere along the line it appears the number has been revised from 250 mill to 180 mill - was it established that someone else got the balance? - dont need to answer as if thats the current state of play then it is what it is). It could very well be the catalyst for big things but could also be very bad news - time will tell. As things unfold however i do believe that the company always needed more funding and planned more share placements but just hadn't counted on the bottom falling out of the price the way it did resulting in such high levels of dilution. Had the price remained higher, fewer shares wouldve needed to be issued to satisfy convertible etc. The company however had no control over this (was market forces at play).
If the 180 mill share mystery turns out to be bad news then i think another R/S could very well occur sadly as its the only way (well there are other ways like increasing the O/S count even more) to raise more funds AND position the company for relisting back on the NASDAQ eventually.
The thing is however that if the price falls to low sub-penny even a 500:1 R/S wont get the price up to the $1 requirement for NASDAQ.
Really think the company hasn't been sufficiently transparent about funding requirements as who else had any sense that they were going to seek a further $20 mill? I like the idea though about the right to try bill being on the Prez's desk!