Replies to post #21389 on Delcath Systems Inc (DCTH)

[rage675]

I read Gator's post. I have thought that was a possibility for a while and agree with him. It's not a far fetched idea at all. Every action she has taken seems to only be in the interest of self preservation, not in the interest of shareholders. Her shares are worth noting compared to her job perks and salary. She's trying to preserve that by any means necessary and if she can't, she attempts to bring the ship down.

[toro bravo]

Jenny if plan s is BK she will not go to the jail but in a psychiatric center inside jail.

[Gator328]

Well, sorry MintMoonDog, but 1) bankruptcies happen all the time of companies that are viable.

Want a running list:

Off the top of my memory, there's K-Mart, American Airlines Fremont General, Calpine, Mirant, Ultra Petroleum, Halcon, etc, etc. And that is all in the last few years.

Want me to keep going?

There are two types of bankruptcy:

1) Insolvency. This is when assets are less than liabilities.
2) Cash Flow: This is when assets may exceed liabilities but the company lacks the cash to pay current debt or continue operations.

It's like if I have a house worth $5M but I have $500 in the bank, and I owe $500k on my credit card.

I might have to declare bankruptcy even though I have assets that can satisfy my debt, but the assets aren't immediately liquid.

I can't believe I have to explain this to you. Actually, I can. You were wrong the last time about DCTH, and you sold your shares and now you're back acting like something other than a trader.

I'm happy to continue this discussion, but I really don't want to embarrass your lack of understanding and business acumen any more than necessary.

[staccani]

A company with 2 ph3's in cancer and $60M market cap cannot go bankrupt. The BOD just need to negotiate a deal with an interested BP (any of them would be willing to pay a few hundreds M USD). After all Liver Cancer has not had any new treatment approved for 10 years despite prognosis being dismal, whilst Chemosat is very promising and this info is coming from doctors in the field not the company (this tells you everything about how inept mngt is)