Replies to post #27520 on Delcath Systems Inc (DCTH)

[Looking4BIGcash]

My guess is the ongoing funding requirements has the BOD thinking about a sale.

I would expect to see a stock swap offer. With no debt, this is attractive to the buyer and with the new cheap shares... everyone who bought (recently) on the open market will do well.

Jenny gets a pass, she books a win, and can move on to another company. Timing is everything.

[13moonster]

Points to ponder:

Delcath added an auditor to the board. <Not something a company going out of business would do.
They eliminated $9.8M long term debt to creditors. <Not something a company going out of business would do.

They still need more cash for continuing operations (burn rate at $1.5M per month) and to bring the product to market. Can they borrow again - take on more debt, or do they issue more class C shares (dilution)? The OS share count I have seen guessed at on this message board has not addressed need for continuing operations funding $.

Being de-listed from NASDAQ to OCTB gives more freedom to Delcath to issue shares regardless of stock price. However, there is little chance of achieving the previous market capitalization of $100+M.

My thoughts are speculation. I enjoy hearing others ideas.

My guess for January is a nice target of .10.
.30 is blue sky and .03 is grey sky.

Volume is going to evaporate starting on Monday 12/18. Most traders going on holiday....

Best wishes, and good luck!
MM