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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 > Canadian Disclosure Law
View:
Post by hmmmmmmmm on Dec 28, 2022 6:37pm

Canadian Disclosure Law

"Timely Disclosure (1) Companies are required by law to immediately disclose a “material change”1 in their business. For changes that a company initiates, the change occurs once the decision has been made to implement it. This may happen even before a company’s directors approve it, if the company thinks it is probable they will do so. A company discloses a material change by issuing and filing a press release describing the change. A company must also file a material change report as soon as practicable, and no later than 10 days after the change occurs. 2 This policy statement does not alter in any way the timely disclosure obligations of companies."

https://lautorite.qc.ca/fileadmin/lautorite/reglementation/valeurs-mobilieres/51-201/2001-05-25/2001mai25-51-201-ig-cons-en.pdf
Comment by Accountprince on Dec 29, 2022 9:45am
Thanks hmmmmm.  I just looked on Sedar and there is nothing.  So we don't have adequate governance and we don't have adequate disclosure.  These are facts - not opinions. This is a public company and subject to public company laws.  Time to comply with obligations and requirements.  This is not a voluntary thing it's required.  Any loss that any ...more  
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