Replies to post #25563 on Delcath Systems Inc (DCTH)

[Eltp]

I couldn’t resist picking up another 2k at 26 myself, I hope dilution is over and shorts are forced to cover

[at100]

With the new convertible debt they also issued 7 million 5yr warrants with a $1.50 exercise price. These warrants have a full ratchet anti-dilution provision. So, with a conversion price of $0.15, the company will have to replace 7 million warrants at $1.50 with 70 million warrants at $0.15. This would be in addition to 70 million converted shares at $0.15. The share price will not stop declining until the convertible debt is fully converted into shares.