Josh should really USE the Cormark 3 CENT target as evidenseI'm surprised the "Beech Boy" has NOT once pointed to the 4 CENT, and now reduced to 3 CENT target of Cormark. Cormark was Spectral's "financing partner" in early 2016. They placed about 11M EDT shares at 70 cents, mostly in the USA.
This financing was done while they still had EDT listed as "UNDER REVIEW". Oddly enough we remained "under review" until May 30 2016, just one day before the EDT AGM. A new paper was produced and the tone was mostly NEGATIVE, and included a REDUCTION in the target from $1.70 to $1.50.
The analyst, David Novak is a real pro and one of Bay Street's TOP analysts. He clearly has an EXCELLENT understanding of EDT, so why is Josher not using the 3 CENT target now set by Cormark as his only real example of JUST HOW BAD this is?
I like to help people, so Josher I will now join your crusade and point to all the info I know about the company and Cormark.
I think it will better explain just what is going on
Best regards,
Jorge