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Spectral Medical Inc T.EDT

Alternate Symbol(s):  EDTXF

Spectral Medical Inc. is a Canada-based late-stage theragnostic company advancing therapeutic options for sepsis and septic shock. The Company develops and commercializes a treatment for septic shock utilizing its Endotoxin Activity Assay (EAA) diagnostic and the Toraymyxin therapeutic (PMX). PMX is a therapeutic hemoperfusion device that removes endotoxin, which can cause sepsis, from the bloodstream and is guided by the Company’s EAA. PMX is approved for therapeutic use in Japan and Europe and has been used safely and effectively on more than 340,000 patients to date. It has pioneered the development of biochemical markers for the clinical syndrome known as septic shock. It is continuing its legacy business of manufacturing and selling certain proprietary reagents. It develops, produces and markets recombinant proteins, antibodies and calibrators. These materials are sold for use in research and development, as well as in products manufactured by other diagnostic companies.


TSX:EDT - Post by User

Comment by Accountprinceon Dec 31, 2020 4:47pm
187 Views
Post# 32205701

RE:Question for AccountPrince

RE:Question for AccountPrinceThis is a very delicate matter.  First, did the bonus arrangement paperwork receive a heavily redacted treatment by all parties?  If yes then just tell CRA they aren't entitled to the details except what the parties choose to reveal.  Follow what Jack Nicholson said in his famous "You can't handle the truth" line.

Just because you can spend the bonus like a drunken sailor doesn't mean you should declare it all at once.  Spread it out over say 9 years for CRA.  But by all means spend it now and pay old bills with it that you deduct currently from it.

Oh and most important of all find an accountant named Chris to answer CRA's - or anyone's - questions.
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