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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 > It’s not about why it’s not done
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Post by GoldMemberT on Nov 04, 2021 2:27pm

It’s not about why it’s not done

It's about the lack of respect to be updated on a timely fashion. It's simple business etiquette. As simple as opening a door for a lady or getting up for an elderly person. I completely fail to understand how someone could take 10 million dollars from investors and than be so arrogant as to not think it's important enough to let these people know what's going on. How does that happen?
Comment by Accountprince on Nov 04, 2021 2:39pm
I disagree completely - the entire issue is why it's not done.  What is the motivation of management and governance?  Do you know?  While I don't discount etiquette and respect as desirable they are side issues to what the motivation of management and governance is by their actions and lack of actions. Given your passionate response and the fact you're still here I ...more  
Comment by GoldMemberT on Nov 04, 2021 2:45pm
agreed  
Comment by Rickkie on Nov 04, 2021 2:56pm
Understandably, there is just a lot of investor fatigue going on here. There does not appear to be any urgency to get things done, year after year. Management is highly compensated, and the promised end game is always just over the horizon. You would think those that "own it all" should want a big pay day at some point in time?! But apparently not! Dr. Walker for one has been at this for ...more  
Comment by GoldMemberT on Nov 04, 2021 3:02pm
I couldn't agree more with this post. If I could like it 1000 times I would. What's even funnier is that they don't even have the respect to do something as simple as answer their phones.   
Comment by Accountprince on Nov 04, 2021 3:06pm
Rickkie - Why don't you ask Toray and Birch Hill (huge holdings of Spectral) if they set this up, put in lots of money and resources for 20 years all with the objective of giving a few people a cushy lifestyle. If you'd be kind enough to relay the answer to all of us it's much appreciated.  If they aren't able to answer because they're laughing too hard just record that ...more  
Comment by GoldMemberT on Nov 04, 2021 3:08pm
I can't speak for them because I don't know what they're thinking. But I can say that I think they haven't been part of a financing here in a long time. Maybe they got sick of paying Walker and co a couple million a year and getting nothing in return.   
Comment by mercedesman on Nov 04, 2021 3:27pm
If I could like this post 1000 times I would. lol Toray the billion dollar medical company, in the business of settgin up free-loaders who want a nice lifestyle ?  Have you seen Walker's CV? lol ! Birch Hill, same thing - owning 17% of a co to set up "life-stylers" . please ! I will concede that that CEO feller has (by all outward appearances) dropped the ball in his ...more  
Comment by Rickkie on Nov 04, 2021 3:45pm
First of all Toray's investment in Spectral is pocket change to them. Secondly, as smart and as successful as their management may be, they are not infallible. Having said that, just to be clear, I like many others do hope that the Spectral story will come to fruition. I just hope it happens before i am senile. Unfortunately no one at Spectral seems to be in a hurry.
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