Delcath Systems Inc (DCTH)

[Simsim99]

Who in their right mind would want the warrants which post reverse split will be 500 million warrants exercisable at $10? That would be $5 billion. Never happen.
The only way it would make sense to me would be if they knew the warrants would be repriced after the reverse split. Certainly Dcth has the ability to reprice.
My question is do they have the legal right to tell them upfront that a reverse split is coming that would make the exercise price $10, but don’t worry because we will reprice your warrants lower if you vote for the rev split? I’m not saying that happened because I have no idea. It would seem like the only way to pull that off. Essentially in my mind buying votes. And making the whole thing of the warrant price adjusting with the rev split a farce. Doesn’t seem right. I wonder if that’s allowed to play it that way to the benefit of certain shareholders?
Pure conjecture because I have no idea what goes on with this stock, the management and the BOD that is supposed to be looking out for our interest. Haha. That’s funny.
Although after the gimmick they pulled to get the last rev split approved I guess most anything is allowed.