Delcath Systems Inc (DCTH)

[SAMNOTSAMUEL]

I believe that is a total misread of the company. From the earliest days until 2010 started, just a normal little biotech startup.

2010 started out as the dream year with much, much larger market cap as phase 3 was reaching a conclusion.

Phase 3 was done with an inferior filter and an inferior treatment plan and compounded further by allowing crossover. Those obstacles were huge. Hope completely died in 2013 as FDA wanted a redo from scratch.

Simpson imo was cautious, careful, and slow about starting a new phase 3, which was started in early 2016 I believe. The slow clinical progress and high cash burn was all to the bad. 2016 was a very bad year for market cap and led to convertible.

Or one can just say scam, if one is so pleased. If there is not another convertible then the story moves on, b/o, bankruptcy or very significant dilution but not likely 45,000 fold share increase ala convertible