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Spectral Medical Inc T.EDT

Alternate Symbol(s):  EDTXF

Healthcare Biotechnology Medical Instruments & Supplies
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

Spectral Medical Inc > People are Leaving in Droves
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Comment by BayStreetWildon Feb 22, 2023 11:04pm
112 Views
Post# 35299915

RE:People are Leaving in Droves

RE:People are Leaving in Droves

this guy really wasn't joking last year. I wonder what happened to him. 

PeopleLeaving wrote:

This company is collapsing. President of Dialco left, Director or Sales left, Director of Manufacturing left, CRA for the DIMI trial just left. 

Employees are able to read the writing on the wall and are heading out for significantly greener pastures. The CEO is collecting car allowance, year end cash bonus, RSUs, PSUs, options and a high salary to make his all in comp over $800k which is almost 50% of the yearly brought in revenue. Most other employees don't even get a year end bonus and can see the company is failing. 

The best talent is jumping ship faster than they can replace them and bringing in an unseasoned VP to play dress up as a CFO isn't going to turn this sinking ship around. 


 

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