I know and understand how folks see delcath management criminally negligent in their duty, but that last little piece of 2.2m I doubt is part of warrant deal. I suspect lowest trading day avg price will be used around .034 marked up by 15 percent to almost a full 4 cents. So including warrants, slightly less than 500 million and since to profit on warrants they want a trading range of .045 as a reasonable worst case boundary, they would dearly love to leave some confidence.
Why create another round of ill will towards delcath as an investment over the 123 million shares by hammering the price ever downward, when you want to sell via warrants at .045 or better over 250 million more shares? If you give a steady above 4 cents stock price over next 2 weeks, investors can start thinking about upside to stock instead of downside. We shall if my facts and theory have any merit soon.
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