Replies to post #9330 on Delcath Systems Inc (DCTH)

[ko49]

If you added in the .02's and hang on through and after r/s you can end up losing a lot of money.

Just ask anyone who had shares after the last two reverse splits.

[poincianamike]

Telling people to short at last reverse from $4.40 to .02 sounded good to me. I covered my position at .05. Tomorrow the co. announces at Annual meeting the reverse, 3rd in 5 years has been approved. The co. wants it to be $6 to $8, so hopefully u can do the math. After reverse say $8, it will trade back under a dollar by the end of summer into the fall. So the trade is short as many shares u can at reverse day which will be by end of month or early July. If u stay long or continue to be long your shares will lose 80-90% of value from todays prices.