Delcath Systems Inc (DCTH)

[SAMNOTSAMUEL]

I am not certain of the answer except this tiny $2.4 million deal is not even worth thinking about. There is no reason to believe rights offering has to care about a note conversion at $3 so could be any price for rights offering. The important parts are I think initial execution of rights offering, and then additional filling. If there is an initial quick filling for $15 million or more, I don't see a likely downside at this time even if at $1.75. $15 million could be seen as skimpy, but nobody was thinking $15 million as likely last week