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Bullboard - Stock Discussion Forum 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... see more

TSX:EDT - Post Discussion

Spectral Medical Inc > Birch Hill Private Equity's board member still has 83.4K....
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Post by SouthernTierTom on Apr 15, 2021 9:00am

Birch Hill Private Equity's board member still has 83.4K....

warrants from his particiapation in the financing.  I'm curious to see if he acts before the April 20th deadline.  If my memory serves me correctly ( as it often does, even @ my advanced age ), he had previously left some in the money options on the table years ago.

It's comical to think about 45 cent CAD options being discussed given the number of FDA approvals, FDA confirmatory processes and partnerships we're currently involved in.

I guess 3M CAD is useful, but counting hash brown crumbs when a NASDAQ listed single pony play is eating a fully loaded baked potatoes at $54/shre USD for proceeds of 149 MILLION USD... isit does provide somewhat of a "contrast"...."GEEZ"...I wonder if they've finished their due diligence as to whether being listed here in the US is "of value"?

I agree with the Patient Home comparison, I owned Patient Home and sold too soon ; - ( ... look deeeply into the entire Patient Home to PTQ & VMD process, you'll be pleasantly surprised as to how closely we're aligned to the "potential process"

Stay tuned folks,.even a company's broken clock in their reception area is right twice a day ; - )

Buena suerte,
Tom
PS - I have less trouble with the currency conversion than the "lead, paid for" Zacks rep we bought the HOLD from..this 3M CAD is about 1.5% of the recent Outset raise on the NASDAQ..knot to fret, everything makes soup ; - )
Comment by mercedesman on Apr 15, 2021 9:29am
It's too bad we never really looked at  the US market for its abundance of capital and appetite for Biotech stories ...and cheap capital too (i.e less dilution required).e.g. Ooutset medical. I no longer believe there is any "due diligence" going on wrt  listing on the US market.   Too many excuses for too long.   Hope springs eternal for the very short ...more  
Comment by daviking on Apr 15, 2021 10:37am
MM, "I'm guessing that a big handler from the US wisks her quietly away, in the dead of night, for a pretty penny." What might that pretty penny cost them and when do you think that might happen, IYO!
Comment by mercedesman on Apr 15, 2021 1:21pm
Impossible to say on both fronts. There have been many posts as to posible valuation of the two key peices. IMHO Dialco could/should be worth $ 1B to $ 1.5B, as long as it tests out for home use.  this is based on historical Outset and NxStage acquisition.  Will a big player who wants (back?) in to HHD and PD  step up before the final FDA sign-off?   The market is ...more  
Comment by MMABStrader on Apr 15, 2021 3:15pm
MM... I'm curious... when you use dollar amounts such as $1.5 billion, are your estimates in Canadian or U.S. dollars?
Comment by mercedesman on Apr 15, 2021 4:28pm
I prefer to use CAD $ in my estimates. But if I was in Seto's shoes i would entertain any and all offers in USD ;) Remember that Outset raised $ 150Million USD this week based on a corporate valuation of $ 3Billion CAD. This for a FDA approved HHD pump (their only & one trick pony?) that purportedly is not as innovative, easy to use, and flexible as the DIMI is once approved ( as ...more  
Comment by daviking on Apr 15, 2021 6:45pm
MM, Thanks for your thoughts! We are close to or over 250M shares outstanding. Time was, there were prognostications for $10 a share=now $2.5B. There is going to be a reverse split (at the appropriate time which is????). I think a 6 for 1 would be sufficient but what do I know. That would make, if the prognosticators/wishers were correct, now a $60 stock. Still not a lot compared to what else is ...more  
Comment by SouthernTierTom on Apr 15, 2021 10:51am
Sorry fellow "commoners", why grammer ain't so good prior to my 6th cup of coffee after a heavy night of moonshine...here goes VER2.0! warrants from his participation in the financing.  I'm curious to see if he acts before the April 20th deadline.  If my memory serves me correctly ( as it often does, even @ my advanced age ), he had previously left some in the money ...more  
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