Replies to post #28130 on Delcath Systems Inc (DCTH)

[Rapture2020]

Does Jenny have a poison pill?

[Rapture2020]

What is the 'Schedule 13D'
Schedule 13D is a form that must be filed with the SEC under Rule 13D. The form is required when a person or group acquires more than 5% of any class of a company's shares. This information must be disclosed within 10 days of the transaction. Rule 13D requires the beneficial owner to also disclose any other person who has voting power or the power to sell the security.

Theoretically, they could have buy up to 4.99% and then for the next 10 days, sucked up as many shares as possible.

It's fun to play 'what if', particularly when it's in the tank. I do think if there were a deal to be announced, it would be done by the end of the year.



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[SAMNOTSAMUEL]

The only thing most people believe as slow buying shows: bad place to be, let's blame management and BOD. I don't believe buyout is a possibility until phase 3 delivers the goods. It is a slow business, but those with a fair mind would say a positive interim analysis on imo a good looking phase 3, is a lot better than Sep 2013 when FDA shot down the original