Replies to post #44236 on Delcath Systems Inc (DCTH)

[Turntheship]

sammy.ifthey do a rights offer at 1.75 theres noway theres no downside from 3.20.Whats rudy trump bond going to change or backtrack on next?

[Rapture2020]

Except that the contract explicitly states $1.75/share.

[Rapture2020]

Sam-you are right. Also don’t forget, let’s say it’s only $10M by the end of August, then it goes to Backstop Offering where they are obligated to purchase at least another $20M, buying twice a month, each time the lesser of $1 million dollars or 20% of the total dollar volume for the 5 trading days prior to purchasing shares.