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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 Jul 21, 2021 12:29pm
141 Views
Post# 33581648

RE:RE:And don't forget the insider trading

RE:RE:And don't forget the insider tradingThis came out of the blue for non-insider shareholders but I'm sure it was planned.  It seems our management team is only in tune with spreading the wealth amongst the privileged.  I hear you about other companies promoting themselves and then doing a share issue.  Novel idea for this stock.

Our person(s) in charge of financing don't seem to care at all about getting prudent deals done.  Let's go public in US - nothing done.  We'll sell small portion of Dialco - nothing done.  We're trading in the low 50's.  Let's drop it at the close and announce overnight a bought deal at 40 cents.  Pure insanity but perhaps Anonymous needed reloading.  And don't forget the "President's List" for 10% of the deal - why is that part of the bought deal?  They couldn't even do a deal at the price we had been trading at - a modest $.52?  Pathetic.

Looked great when we hired someone familiar with the public markets to head up our financing efforts.  Result - we are now issuing paper at half the price we had been trading at the beginning of 2020 with MULTIPLE achievements since then.  Epic fail!!  
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