Delcath Systems Inc (DCTH): My reasons to be skeptical about #Delcat...

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DesertEagle

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Wednesday, 04/10/2019 12:57:07 PM

Wednesday, April 10, 2019 12:57:07 PM

My reasons to be skeptical about #Delcath

Delcath signed a PR deal valued at $1.3m on 8/31/18
Share Price down -93% through 4/9/2019

Delcath Announces Commercial Licensing Agreement for CHEMOSAT® on 12/26/18
Share Price down -59% through 4/9/2019

Delcath Announces Health Authority Approval for CHEMOSAT® in Brazil on 2/11/19
Share Price down -60% through 4/9/2019

Delcath Failed to File Annual 10-K Report on 4/1/2019
Share Price down -38% through 4/9/2019

Show me an upside to Delcath Systems and I will jump on the bandwagon. Until then, I will remain skeptical about their future. As the CEO said “Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern… If the Company is not able to continue as a going concern, it is likely that holders of its common stock will lose all of their investment.”

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