Replies to post #21392 on Delcath Systems Inc (DCTH)

[Sagemaker1]

My humble opinion...given her way of doing things...if they got the RS THEY WOULD HAVE TOLD US ALREADY!!!

[docprep]

You cannot protect the patent in BK court.

And no company with this patent and potential is going to BK for this amount of debt.


Yea, they may have to accept a low ball offer for buyout or merger, due to desperation, but loss of that patent is suicide

[Eltp]

She still can get a hefty pay out upon bo

[Tekterra]

It is true the CEO does not currently own much of the company. However, these guys are opening themselves to a whole lot of lawsuits.

The reason is they have been presenting the public this image that Chemosat was an effective treatment based on all their documentations and press release. Company presentation have been projecting the market being in the 2-8 billion.

Now, after such a disastrous financing with the 35 million convertible debt last year, SP crashed from 3$ in lat 2016 to 0.02 in matter of months. If they file BK now, it's complete negligence of fiduciary duty to the shareholders.

Simpson probably go down in history as the worst CEO ever. The CEO, the boards all of them are looking at major lawsuits here. It means the end of careers.

15 million debt isn't impossible to refinance even if RS is a no. They should have no issue getting help if their asset was what they had presented to the public. So, if the company lied again about Chemosat, it's prison time.

This isn't something they can just bring down the ship with them that easily. I am not saying BK won't happen, but I am pointing out there are a lot at stake here for them to even think about BK.