Saturday, April 06, 2019 3:19:19 PM
You do have to keep in mind that many of the posters here are "traders" flipping for a few pennies and not true "longs" or "bulls" as they claim to be.
After being invested for over 2 years now I am not holding out much hope for a reversal in Delcath especially since they have missed the filing deadline and are now subject to a variety of costly penalties, including deregistration by the SEC, delisting to the "Grey" market by the OTC and most importantly, the inability to raise capital through issuance of public securities, and potential debt covenant violations.
As Delcath failed to file for an extension, they are not eligible to issue securities using Form S-3 until they have filed in a timely manner for at least 12 months according to current rules. This in itself will severely limit their abilty to raise the capital they need to continue as a going concern.
So, unless they have a "white knight" in their pocket with a lot of cash on hand or some other "magic trick" up their sleeve, I would be expecting to see a filing for bankruptcy in the very near future.
Trade Safe.
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Recent DCTH News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 08:06:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 08:32:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 08:31:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 08:30:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 08:30:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 08:28:10 PM
- Delcath Systems Announces Appointment of Bridget Martell, MA, MD to Delcath’s Board of Directors • Business Wire • 05/28/2024 01:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/17/2024 04:48:32 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 05/16/2024 06:05:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 05:09:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 04:56:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 04:45:15 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 01:14:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 12:05:15 PM
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- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/09/2024 09:12:20 PM
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