your 'facts' leave out the obviousness that the company is rudderless, we shareholders dont want to be on a sinking ship. would rather it be sold to any company that can pay a nice premium from the current price and up . let the bidding begin!
i agree with a lot of what youre saying but keeping it the way it was it may get worse. all they need to is give up control of the company and stop the looting of the company
not seeing any of this supposed progress. they just need to put the company up for sale and lets bids flow in. they are too greedy or dumb management to realize that they are not accomplishing anything.
two 'co-ceo' pay themselves over a million dollars. when has that worked? who is going to make the decision to cut bonuses, the one or the other? or neither? more likely. this company gonna tank if drastic measures not taken. what are your suggestions?
will 2 or 1$ be satisfactory? they are going to stop paying themselves excessively because you want them to? obviously theyve listened almost zero to shareholders till now.
Sentiment: Strong Buy
are you serious?
you really think they are cutting to cut its own salaries?
they are pooping on the shareholders every day. their ridiculous salaries are why costs are so high.
two CO-ceos? you really believe they can reduce costs with two ceos like blackberry when it went to the dumps?
September 8th New York
Dear Delcath Systems Board of Directors & Investors:
We are seeking talks with the Delcath Systems Board of Directors for an unsolicited non-binding offer for the company at $2.90 per share.
We believe Delcath Systems can not continue the way it is set up. The structure of the company is illogical, inefficient and needs to be looked at.
Does Delcath Systems really need two 'Co-Presidents' and two 'Co-CEOs'?
We believe this creates excess high costs, more confusion among the management, board of directors and the shareholder base. Academic studies have proven the Co-CEO structure is highly ineffective so why do shareholders need it in this company if it has not worked elsewhere?
Is the company serious about cutting costs from these high levels compared to the company's market cap? Where is the accountability?
Spending levels are still too high for a company that has not even yet re-submitted materials for a new FDA trial.
The numerous shareholders we have discussed this with publicly and privately are angry at what the company has done in the past and how they have held on to their shares for so long while the market bounces higher. Can it continue for much longer?
Linkedto Partners would obtain cash or credit financing from a big Middle East investment fund it is collaborating with for the deal pending various potential due diligence on Delcath Systems. Linkedto Partners is also in discussion with private equity buyers who may want to be in on a deal.
Any shareholders with comments or feedback can contact us below.
Medtronic is a rumored buyer am hearing chatter about online.
They can easily absorb this company and possibly pay in cash and shares which have a dividend. a good solution preferred to quick cash burn of company can be easily integrated within the device area medtronic are experts in globally.
you admit you make 75,000 or more from a school group that is something people should be typically be doing for free. other Stuyvesant alumni don't agree with you. people have a right to publish the facts and your opinion about it does not have to be the same as others. stop acting like a petty dictator.
you knew so much that you picked a good company with bad management and told lots of people on here and IV that its going to 50+ many times. stop acting like a know it all when youre a know nothing.
John Kwok Jul 13, 2012
If my fellow alumni opt not to complain about yet another effort in creating a proposed "Stuyvesant Alumni Foundation", then we will have acquiesced in the termination of a Stuyvesant High School Alumni Assocation accountable to both its dues-paying members and all Stuyvesant alumni in favor of an alumni entity which is accountable to no one, except to Principal Stanley Teitel and a select few alumni. Again, the potential for both political and financial abuse is great if we allow him and his supporters to suceed, instead of ensuring the survival of the alumni association and the merger of the Campaign with Friends into a single endowment fundraising organization, that should result in two independent, yet still linked, democratically-elected alumni organizations like those that are responsible for Bronx Science's alumni relations.
its not false or slander or wall street journal would have taken down their article entitled: Donation May Heal Stuyvesant Rift - By LISA FLEISHER
Updated July 10, 2012 12:01 a.m. ET - anyone can google it. stop trying to intimidate me with scare tactics.
just copying and pasting from the wall street journal article. you gonna sue the wall street journal as well?
The question of the annual salary for the Campaign's executive director, Neal Hurwitz, has been a sore point. He earns as much as $75,000 a year. "It's half the going rate for a person of my qualifications," said Mr. Hurwitz, who was former assistant national fundraising director of the United Jewish Appeal.
Mr. Sherwood, of the alumni association, once sold Mr. Hurwitz life insurance, which some board members said they viewed as a conflict of interest. Mr. Sherwood said that was "ludicrous" and that he tried to steer clear of business among alumni.
Several people from the groups involved in the discussions to merge say they don't trust the motives of Ms. Ai, who has worked in corporate giving at Goldman Sachs and J.P. Morgan Chase & Co. Several of them also said they are concerned about the role Mr. Teitel—a former science teacher who was once an academic adviser to Ms. Ai and is still close with her—might play in a merged group.
In response to the mistrust, Ms. Ai wrote a several-page letter defending her actions to the alumni association members. "As everyone else who has been involved in the three groups, my love and loyalty for Stuyvesant runs strong," she wrote last month. In that same email, she attached a pared-down letter of intent, which states a desire to form a new organization but is scant on specifics.
That is how some say it should be. Lisa Tepperberg, current alumni association president, said any merger should proceed slowly.
If the alumni group doesn't approve the letter, Ms. Ai has a backup plan: Keep the alumni association separate and merge the endowment groups. "The school can't continue to suffer the way it has been," she said.
If the alumni group approves the plan, Friends of Stuyvesant is next to vote.
Despite the bitterness, there is optimism. Robert Ayzin, class of 2000 and an alumni association member, has been acting #$%$
you have all your faith in lawsuits that take years. and may yield nothing. sale for a premium of some sort seems like the only good option to prevent dilution... Unless activist brings in a new board and can get rid of this dopey board.
I certainly don't!
The best hope for this company to not go broke is a buyout this year or in 2015 before they squander all the cash AGAIN! The management are so power hungry and abusive and you are like battered wives who tolerate it and keep quit.
newbie? Neal Hurwitz lost almost all his money in this stock. what makes him an expert? he also bilks Stuyvesant of over 75,000$ per year and raises very little money for them. who are you to be lecturing others?
18$ million is ridiculous. the company is for sale and must be sold for a higher price. company management is hopeless and ridiculously overpaid.