Delcath Systems Inc (DCTH)

[Carlito78]

So if they go ahead with R/S at 500:1 then O/S will be around 2 million at about $5. Question then will be if price can hold or will it drop out again? If it can resist shorts and stay above $1 then dilution will be about 20 mill more shares. Maybe worth investing in at that point. Sadly though, investors in this round would be wiped out (pretty ruthless) including recent purchasers of 250 mill shares which i cant work out. Unless warrants are somehow exercised post R/S (warrants adjusted accordingly) but then why increase share count to 1 billion now? Regardless however, pretty poor showing really.