Many stocks do come back "AFTER" a reverse split. Those of you that bought below $.30 cents are in the .0001%. After a 1:8 split, the low in the chart will be $1.76. You'll wish you had bought 8000 shares in 1-2 years!!
The stock is "not" running up anyways, as 99.9999% of all the volume of stock that has ever been traded is above $.30 cents! 99.9998% is above $.33 cents! The stock is trading at $.35 cents, BARELY!!! The trend has definitely CHANGED. NOW it will move for two reasons only, trend change, and reverse split, all other guesses are wrong.
You do not sell stock "before" a reverse split, you SELL after it happens! GL
This stock will run up all the way to FEBRUARY 24th- and possibly 1-3 days more than that, and how high is anyone's guess? As a matter of fact,
DCTH still does not have any debt
They raise money successfully
It may be the worst move to sell this stock during this time, and for the entire year?????
Watch the trend, the chart shows a DIFFERENT TREND since Mid December 2013.
I am HOLDING RIGHT NOW
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS TO BE HELD ON FEBRUARY 24, 2014
Notice is hereby given that a Special Meeting of Stockholders of Delcath Systems, Inc., will be held on February 24, 2014, at 10:00 a.m., local time, at The Michelangelo Hotel, 152 West 51st Street, New York, New York for the following purposes: (1) To approve an amendment to our amended and restated certificate of incorporation to effect a reverse stock split of our Common Stock at a specific ratio within a range from 1-for-8 to 1-for-16, inclusive, on or prior to December 31, 2014 and to grant authorization to the Board of Directors to determine, in its sole discretion, whether to implement the reverse stock split, as well as its specific timing and ratio; and (2) To transact such other business as may properly come before the Special Meeting or any adjournment or postponement of the Special Meeting.
We are not aware of any other business to come before the Special Meeting.
These items of business are more fully described in the Proxy Statement, which accompanies this Notice of Special Meeting.