Replies to post #35038 on Delcath Systems Inc (DCTH)

[Leotrader211]

Prospectus page 5: Poison Pill
The proposed amendment to our Certificate of Incorporation to increase the number of authorized shares of our common stock could, under certain circumstances, have an anti-takeover effect. The additional shares of common stock that would become available for issuance if this Proposal 1 is approved could also be used by us to oppose a hostile takeover attempt or to delay or prevent changes in control or our management. For example, without further stockholder approval, the Board could adopt a “poison pill” which would, under certain circumstances related to an acquisition of our securities not approved by the Board, give certain holders the right to acquire additional shares of common stock at a low price, or the Board could strategically sell shares of common stock in a private transaction to purchasers who would oppose a takeover or favor the current Board.

[SAMNOTSAMUEL]

Your stay in court idea. So if the hostile can't request a stay, why would they not solicit shareholders to do so. If hostile can request a stay, they should do so. How is it rational to act in full faith on something that is 100 percent theory? Be interesting if a judge acts on something which is 100 percent theory.

That is why I think you are not being educated well here.

I know folks will say it is clear company is hiding something. I don't think that has merit. What is clear is an intense hatred and fear of a reverse split? That is 100 percent clear. It is about equally clear that there is a generic hatred and fear of Simpson.

A long that feels so strongly towards Simpson, why be in this company? Begs for explanation. I mean really, really begs for (because of a theory, only theory about Pedder, pumping each other, not educating, my opinion and Trompete - the eager eternal bear that he is