Delcath Systems Inc (DCTH)

[SAMNOTSAMUEL]

Hard to figure research and development costs in a detailed way. Roughly went from $6.4 million to about $10.4 million from 2015 to 2017. Would be higher if operating both phase 3 adequately. Queensbury site is costly and very, very important. Filter must be available, of consistent quality, meet FDA inspection standards.

My conclusion Simpson is far better at all aspects than given credit. Of course given no credit, it is a low bar to hurdle. Investors did not support the ugly convertible, so the law of gravity was in full display. Yes a few bought as investors, I did for instance