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Delcath Systems, Inc. Message Board

  • liebel53 liebel53 Mar 13, 2013 6:42 PM Flag

    After hours

    Why is it down so much? What did people expect?

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    • They seem to have a trend of downward swing's following CC's. That said, they did perform better than expected (regarding losses), and they are on track with adcom/pdufa. I think most of the negativity is surrounding their announcement of a 50m ATM arbitrary share sale. From listening to the CC it sounded like Hobbs was trying to mitigate how much damage the PPS will suffer as well as negate dilution by issuing shares when needed, rather than all at once. However, I don't put it past him to pull a fast one and issue a huge chunk to avail themselves with the rally before adcom/pdufa. He fully admitted to 'availing themselves' with this new arrangement when the time was right.

0.9601-0.0099(-1.02%)3:59 PMEDT