Delcath Systems Inc (DCTH)

[ddaurelio]

Sorry - That's not how it works. CORPACT means Corporate action, which is the rights offering announced by Delcath. As you recall, Delcath issued us (the bagholders of record) the right to buy 500 shares at $1.75 / share for each share we currently own. so, in your case, you can buy up to 12,000 (24 x 500) shares at $1.75 per share. If you want to do that, you have to contact your broker prior to the expiration of the rights on 9/26. It sounds good in theory, with the shares currently trading above $1.75 / share, but the problem is that the shares don't actually get issued to you until 15 days after the rights expire, so my understanding is that you can't immediately turn around and sell them. Somehow, I doubt the share price will continue to be propped up for that long after the rights offering ends. GLTY