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Thursday, February 14, 2019 11:36:06 AM
It's a private company so they may not PR like we expect like any public companies do.
But let's say for argument purpose that Medac deal is fake and they never got any upfront cash and total 7 million $ is to lure investors.
you like counting numbers so count this, if you believe medac never gave cash agree on any of below
1) as per September subs announcement company said they have sufficient cash till end of December 2018. whole company and employees has taken pay cuts and that is major movement to make delcath great again
2) if no medac no paycut there is significant cash generated in last quarter that delcath is already profitable in that case delcath is great again already!
remember no financial deal has came out under 1.75$ since 5 plus months.
They don't need money somehow?
let me know which choice you agree on when you disagree on medac deal being fake!
My opinion is not a recommendation to buy or sell any security. Your decision whether or not to make a purchase or sell should be based on your own due diligence.
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