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.

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Spectral Medical Inc > The disappointing share price response to today's news!

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Comment by BayStreetWildon Aug 09, 2021 3:38pm

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Post# 33673169

RE:RE:The disappointing share price response to today's news!

Your*

BayStreetWild wrote:

Words of wisdom. You're post is appreciated.

MMABStrader wrote:
It seems that every time Spectral makes an announcement of something that on the surface is positive, the share price drops. I believe it's because the timeline to succes seems to almost always be pushed back... which leads to the need for more capital which eventually leads to a new offering of stock which leads to more share price dilution which leads to anger on the part of current shareholders.

It wouldn't surprise me if at next year's annual shareholder meeting in June, the company asks for another 12 month extension to reverse split shares to prep for entry to a U.S. exchange.

With such little progress in the last 18 months, (yes, I know the virus has slowed things down) it makes me wonder if everyone in the company is working part time for full time salaries?

I'm a long term significant shareholder and I remain optimistic for a positive end game, but I'm retired and I hope I can reap a reward from my investment in Spectral in my lifetime