Delcath Systems Inc (DCTH)

[SAMNOTSAMUEL]

My guess is you are high, my guess is $7 million in the hole. That means $27 million gross, would be equivalent of clean balance sheet at start of September with $18 million in the bank after expenses of offering being $2 million to that point. Then the stopgap would be I hope like warrants being regularly exercised at $1.75.

The plus side is 3 more months since end of May in which hopefully some limping progress on enrollment. The secondary plus side which should be seen is if clinically nearing the final stretch, this tips the balance to Delcath can be on the winning side of financing comparatively. Think about convertible increased shares 45,000 fold while this financing increased 30 fold or so, next time around ratio will be tiny

All for nothing and maybe even bankruptcy though, if offering is a midget