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Spectral Medical Inc T.EDT

Alternate Symbol(s):  EDTXF

Spectral develops devices for unmet medical needs. Sepsis occurs in 1.7M Americans/year causing 250K deaths, often caused by endotoxin. Our devices measure and remove endotoxin from the bloodstream. An FDA confirmatory trial is underway. Dialco, a Spectral sub, offers SAMI, a novel instrument for renal replacement, cleared by FDA. Dialco is seeking FDA approval for DIMI a unique home dialysis enabler. These devices have large commercial potential


TSX:EDT - Post by User

Comment by mercedesmanon Mar 16, 2022 4:24pm
96 Views
Post# 34519820

RE:RE:RE:RE:Ooodles of CASH for now, but waaay more Beech-bull ; - )

RE:RE:RE:RE:Ooodles of CASH for now, but waaay more Beech-bull ; - )Thx AP

So we could have as much as $ 17M + warrant/option exercising, less cash burn for Q4 and Q1 ...with no real liabilities to worry about.

Can't imagine that the burn/Trial costs were that significant during those months that we were only enrolling 1 or 2 patients (H2 2021).  To be fair, there is the big salaries & perks and all (for a job well done)

Maybe a spin-off or new partner on Dialco will inject some more cash?  That would sure put a feather in Seto's cap...and explain why the BoD like him so much.

If the Tigris Trial really is back on track and "exceeding expectations"  I can imagine that that is some news that a Where's Walden (once found) would love to share with some would be US investors!
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