Delcath Systems Inc (DCTH)

[Rapture2020]

Leo,

Once SEC declares effective, DCTH delivers shares to purchasers. From Friday's filing DCTH's BOD hopes to do this 1 July 2018.

If I am not mistaken, there are currently two Purchasers. There are then two rounds of buying-the Rights Offering, and in August the Backstop Offering, where Purchasers must buy the lesser of $1M or 20% of the total dollar trading volume of DCTH common stock 5 business days preceding purchase date. They must do this every 15 days through the expiration of the agreements.

If it's just the two, who are the whales? I believe one has been identified, the other name was not included. And what did they see in the NDA's that made them commit a princely sum of money to a little biotech?