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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 > 6 months and a bit …100%
View:
Post by mercedesman on Jan 03, 2024 7:13pm

6 months and a bit …100%

During the summer of 2023 BSw, Stocktree and Hmmmm were waging a relentless negativity campaign - presumably in effort to discourage investors from buying Spectral shares. 

Themes used:

- it was going to be years ( up to 7 more) to complete the Trial ( using suspect math) 
- mismanagement - primarily by Seto 
- dead money for a long time. 

-based on missed promises ( thru Covid and Yes some poor executions/communications) future milestones would/could never be realized  


In a little over six months after the stock touched $0.24/share on June 14, it closed at $0.48 today - a 100% return !

I'm not yet satisfied with the SP either given even todays better but still low price vs. the huge upside potential  ( nod to AP) And that's in 2024 ( not 2028 + as the FUDsters would have you believe) 

Despite the relentless FUD campaign.  several of us were buying in the .20's and later the .30's  To us, their presence was a contrarian indicator ( just like now - although they are being forced to modify their themes - and or focus on other posters ) 

Newbies and existing shareholders are advised not to listen to the FUD workers, or risk giving up future returns once again. 

By all means do your DD - don't just listen to the so called " pumpers" 

Only invest what you can afford to lose  

And yes, consider taking profits on at least a small portion of your position if you realize exponential returns on any given stock including Spectral.  Prudent investors always try to lower their cost base. No one ever went broke taking a profit. Or buying low and selling high. In that sense I owe a debt of gratitude to the FUD workers for their contrarian clues. 


#savethesizzle. 


MM

Comment by Revten on Jan 03, 2024 11:59pm
I was in business meetings this afternoon and just catching up here. As far as investing in Penny Stocks my Business Partner and I have invested in them before. Our last one was Teranga Gold and we were in from .40 cents. Patiently waited several years and they were bought out by Endevour Gold. Made a serious profit ...not bragging but we did our diligence and waited. Nothing wrong investing in ...more  
Comment by oilandgasman on Jan 04, 2024 1:33am
Problem is maybe 50 people read this board and the float is 400 million. Nothing said here plays into or is relevent to the price you'd pay on any given day.
Comment by Revten on Jan 04, 2024 6:39am
This is what I mean about Total Nonsense! Here is another (SHOB) perfect example of someone commenting on this board (HotairandGas) saying "the float is 400 million" which if anyone pulls up a search on market cap for Spectral Medical they will see approximately 270 Million! Even if you click on the Financials Tab here on Stockhouse you will see approximately 269 Million! Total NONSENSE! ...more  
Comment by mercedesman on Jan 04, 2024 9:23am
It's all about misinformation as you correctly point out Rev Oilygasbag puts the "Ohhhh" in SHOBBS I have about 320M fully diluted  Some of my group (included in a larger group of probably only  2-300 active retail investors) picked up some warrants.  Once they are firmly in the money there will be some more cash available to fill the coffers... if and when ...more  
Comment by MacAdocious on Jan 04, 2024 12:04pm
"...and on the 8th day, God created the 'Ignore' button, then EVERYBODY rested".
Comment by oilandgasman on Jan 04, 2024 10:54am
3/5. Done 84 enrolled 2 more years at this rate , 400 million is doable.
Comment by mercedesman on Jan 04, 2024 12:38pm
Misinformation correction  81% done ( 170+90 / 170+ 150) Phase 3b results amalgamated with Phase 3  that's without considering JK's latest paper which, based on good Tigris results means in theory it could already be statistically a  "done deal"  further tranches of $ could delay / reduce the need for much more dilution ( see Baxter tranche 2 and ...more  
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