Have to agree (unfortunately). This is a sign that they are really trying to hang until they get more approvals, increased sales etc. which will happen if they can tough it out financially. If not either they'll get bought out for pennies on the dollar or go belly up....
I'm banking on them hanging in there since I believe they do have great technology...
Unfortunately this is the risk you have to live with with startups in any Industry... Capital !!!
This money will carry them longer than 6 months. Hobbs said the majority of the expenses were for the NDA Data Collection. All of that is DONE as of today so the money will mainly be for rolling out Europe and if I'm not mistaken don't they PAY the FDA to Review the NDA???? Isn't that part of the PDUFA Process?? Not sure but I think so.
I think DCTH is in good shape. We forget sometimes they are just turning into a commercial company and with a low float of 50MM shares - they are a MICRO CAP stock.
DCTH is fine!
Looks like we have support at $1.54. I picked up shares at $1.49 & $1.50.