Delcath Systems Inc (DCTH)

[Bond]

new 8-k filed explaining grant options to buy stocks at 0.281$.

On February 1, 2019, options to purchase 1,250,000 shares of common stock were granted under the 2019 Plan to our executive officers and employees, with an exercise price of $0.281 per share, with the options vesting, over a period of one year from the date of grant, in 12 equal monthly increments commencing on the one month anniversary of the grant date and continuing for the 11 consecutive monthly anniversaries of the grant date thereafter. The options carry a ten year term and expire on February 1, 2029.

This line

"The 2019 Plan provides that in the event of a change of control event, the Compensation Committee or our Board of Directors shall have the discretion to determine whether and to what extent to accelerate the vesting, exercise or payment of an award."

I say this is image change move or they are under threat of hostile takeover.


Any anyhow this is a very welcomed move from a long term share holder's perspective!

GO LONGS!