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Follow on Google News | Activist Firm Re-Iterates Delcath Systems to Put Itself for Sale & Cut Excess CompensationDelcath Systems Trades Significantly Below It's Net Cash Value Per Share & Would Be a Great Fit Within a Large Pharma but Not Independent
By: Linkedto Partners Dear Delcath Systems and Investors: Linkedto Partners currently owns 77,425 shares of Delcath System's (DCTH) common stock. Our firm owns more shares than most executives of this company. We urge the company to listen to shareholders and conduct an exploration to put up the company for sale. Delcath Systems has maintained a strong cash position, but excess salaries and poor decisions from prior management have created an untenable situation. The company needs to act quickly as it is burning cash. The way to stop burning cash is to cut your salaries and return some cash to shareholders. We are pretty sure if you put the company up for sale it will attract some major pharma companies interested in Europe and American sales. The time to act is now when the healthcare companies are considering a lot of M&A deals. We look forward to hearing back from Delcath Systems soon and speaking with other major shareholders soon. Regards, Neil Fromer Linkedto Partners Contact: Jon Sanders Bayt Trust jonathansand@ +1.206.202.7703 End
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