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Looking4BIGcash

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Looking4BIGcash

Re: Bond post# 48661

Thursday, 04/25/2019 6:14:55 PM

Thursday, April 25, 2019 6:14:55 PM

Post# of 50157
Bond,
see the forest for the trees... you have been so focused up until recently. Why are you surprised with this?

Debt... gets converted to equity at a favorable exchange.
Why would someone lend $180K @ 8%?

On April 19, 2019, Delcath Systems, Inc. (the “Company”) borrowed $180,000 from an institutional investor and issued a promissory note to the investor. The promissory note has a principal amount of $180,000, bears interest at the rate of 8% per annum and is due on October 18, 2019. The note contains standard events of default and remedies therefor. The Company’s obligations under the promissory note to the institutional investor are secured by a lien on the Company’s assets.

The answer is obvious. 8% is crazy good and the term is silly short.

This is GOOD NEWS.

Enjoy it.


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