Replies to post #22936 on Delcath Systems Inc (DCTH)

[jsmoov]

This drama has been very interesting to follow

[ddaurelio]

So all the stuff about "not being able to issue new shares because they were at the authorized shares limit" the BOD said in the requests for an R/S approval was complete BS.
Either they always had the option to issue a separate share class (as they just did), or they somehow violated the rules by issuing new shares in excess of the authorized limit.