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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 > People are Leaving in Droves
View:
Post by PeopleLeaving on Mar 21, 2022 1:56pm

People are Leaving in Droves

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.

Comment by SouthernTierTom on Mar 21, 2022 2:10pm
OH I knew there was more "IR" hanging around ; - )    
Comment by Accountprince on Mar 21, 2022 2:27pm
Hi PL - obviously you're new here and may have just been born on Stockhouse.  I see you're part of the sky is falling crowd.  Did you just pick up some shares now or do you claim to be a longer term holder?  Or do you not hold any shares? Curious that all those employees that have left (sinking ship per you) haven't sold one share they own.  If I was with a company ...more  
Comment by mercedesman on Mar 21, 2022 2:43pm
lol.  the 'ol "lifestyle" argument is back (1st brought forth during the post financing/tax loss selling period (= H2 2021).  Apparently the BoD is now being duped by people looking for a Salary, a car allowance, key's to the Exec. washroom, and their tax-free Christmas turkey. Apparently the "ship-jumpers" really like PSU's and RSU's (or future ...more  
Comment by hmmmmmmmm on Mar 21, 2022 2:30pm
Can you site any info on the DIMI trial CRA leaving? 
Comment by PeopleLeaving on Mar 21, 2022 3:01pm
First hand knowledge of the situation
Comment by PeopleLeaving on Mar 21, 2022 3:02pm
First hand knowledge of the situation
Comment by oilandgasman on Mar 21, 2022 3:22pm
A few very recent reviews on Glassdoor seem to backup your statements 
Comment by mercedesman on Mar 21, 2022 3:31pm
Did they not change up those glass doors to the Exec washroom?   They were supposed to fix that when they repaired JK's Rolodex.
Comment by Domino55 on Mar 21, 2022 3:53pm
Is that you Stocktree?
Comment by Stocktree on Mar 21, 2022 5:36pm
No it is not. You are such a lousy poster. You and your three other constant BB leeches, who cannot leave this forum for an instant because your poor investment needs so much pumping to remain in the tiniest public eye we have ever seen for a stock, think any poster who is skeptical or negative about it are the same person. You are 4 posters against pretty much the rest of the investment world!!! ...more  
Comment by Domino55 on Mar 21, 2022 5:57pm
Glad to have you back Stocktree I thought you'd make another appearance with today's upbeat newbie and the SP drop. The "forces" appear to have some cards left to play.
Comment by PezDalatoYou on Mar 21, 2022 3:00pm
Maybe all those positions aren't needed in the end game and that's why they are leaving.
Comment by BayStreetWild on Feb 22, 2023 11:04pm
this guy really wasn't joking last year. I wonder what happened to him.   
Comment by BayStreetWild on Feb 27, 2023 9:07am
"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."   Im so very thankful to this poster. If you read this.... shoot me a message... I would love to take ...more  
Comment by BayStreetWild on Feb 27, 2023 9:59am
For lunch*
Comment by BayStreetWild on Mar 02, 2023 7:49pm
This says it all. 
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