Delcath Systems Inc (DCTH)

[Bond]

Poison pill tactics is my best guess if this goes down continuously this week!
There is no warrant deal finalized yet, this is company selling their stocks.
If you remember 3 weeks back OS was 435 million OS and last week they reported 485 million OS.
With 1B authorized stocks I will guess based on short numbers being reported company pushed 50-60 million more stocks in last week.
These are not warrant holders who is selling, they are losing money just like us, they bought at 0.02$ per stocks which is now 10$ after split for them to break even.
Unless they are preparing for BK and selling everything they have in hand.
Has anyone experienced similar situation? does shareholders get anything out in the event? or company just damages itself to avoid hostile takover and never report anything outside what happened behind the doors?

"takeover attempt or to delay or prevent changes in control or our management. For example, without further stockholder approval, the Board could adopt a “poison pill” which would, under certain circumstances related to an acquisition of our securities not approved by the Board, give certain holders the right to acquire additional shares of common stock at a low price, or the Board could strategically sell shares of common stock in a private transaction to purchasers who would oppose a takeover or favor the current Board"