The reasons for a 87M dollar Market Cap?Spectral currently has an 87M cap. a weak .315 cents a share
It's becoming clear that there are two main reasons for this.
Reason 1: PMX's value as a breakthrough device. I agree with MM and others who argue that today's price is a ridiculous reflection of PMXs value once approved. It is why I invested here years ago- and heavily.
Reason 2: Management. Their inability to get any traction with a 150 person trial is the reason for today's crippled share price, while it also steals from future value through repeated, heavy dilution.
It's seems quite clear that we are at 87M instead of 187M or 287M because Seto aand Kellum have not delivered a sliver of what they promised.
With each passing month Spectral's enrollment track record becomes more undeniable. Their excuses become more unbelievable.
How will they raise with those numbers?
And how long will we continue to pay Seto and Kellum to hold the share price down?
I remeber when Seto used our money to hire a CRO to run the DIMI trial.