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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

Post by mercedesmanon Nov 01, 2021 3:43pm
238 Views
Post# 34074522

1/2 million shares...

1/2 million shares...Why did Seto, Kellum and Biel purchase over 1/2 million shares, and Seto exercise another 85,000 options  in July / Aug?

Now that the price is down by over 1/3 since then, are they ...

a) unhappy ?
b) surprised ?
c) calling their broker?
d) reviewing the fine print of the AGP agreement - wondering if they missed something? 
e) none of the above


Follow the money....I always say.


BTW...lets check Seto's haul so far.

(please check my math)

Shares  474,870
options 1,389,206
warrants 104,935
RSU 250,590

Total 2,219,601

Most of which accumulated/aquired in 2021 !!

At a theoretical $ 10 USD (a bargain for the combined Dialco and PMX/EAA pcs assuming FDA success/approval)  that's about $ 28M  CAD

Enough for a high-end yacht and a gift with purchase, party with the Coors Lite girls.

MM


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