Delcath Systems Inc (DCTH)

[Bond]

and also this one too from today's 8-k " issued a senior secured promissory note to an investor with a principal amount of $1,560,000. The note is due on April 1, 2020, bears interest at 8% per annum and is nonconvertible."


key point here is " is nonconvertible" meaning someone gave them loan without asking for any equity?

who in a right mind would invest 1.5 million $ without any equity in a nearly bankrupt company only to lose it all?

I think we are on to biggest things here!

we probably will find out after these old mess is gone.

My new money calculations says they should be ok till end of May and there will not be need for any new money deal till then!