Delcath Systems Inc (DCTH)

[ddaurelio]

@Mohammad111 - You're right. I don't think the retail shareholders would approve it. But unfortunately, I'm pretty sure they've got it rigged so that the vote will pass by some other means. The most recent R/S (1 for 350), was done through preferred shares and the common shareholders didn't even get the chance to vote. They made sure of that after the common shareholders voted down the proposed June 2017 R/S. This time, the form 14 would suggest that they are again seeking our approval for this latest dilution, but there is no way they could possibly think that after they just pulled a 1:350 on us, that the common shareholders would go for it. That's why I think there is either some ulterior motive for this latest one (as others have speculated), or if they really do plan to do it, then the vote is just for show (as a legal CYA), and they already have a path to approving the R/S. IMHO.