Delcath Systems Inc (DCTH)

[Bond]

We can't conclude yet that 1.75$ offering was a con!
reason is they have not sold any convertible or any dilutive offer in last 5 months except 1 tiny preferred shares and I believe they were sold for different purpose.
One can say hey price is down 500% now, that's because of warrants that were sold before offering closed.
Were investors not aware of the effect of these warrants?
5 months no dilutive deal and there may not be any bad deal in future.
don't conclude anything yet.
They will most likely need cash from April-May onwards and if that deal is worst or way under than 1.75$ then you could say it was a con job!
Investor made their own decision to subscribe seeing the stock bounce, no other entity or company told them that they got full 50 million $ subscription.
Investors wanted to double their money over night without knowing facts and they are paying the price.