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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 21, 2021 11:54am
117 Views
Post# 34250757

RE:Falling Short(s)

RE:Falling Short(s)Lots of interesting signs MM.  As you point our the short positions are down by 50%.  No insider buying since the share issue in July of this year.  Have they lost interest?  Not according to Seto (virtually all after tax cash used to buy) and Kellum (never seen a better opportunity in his career) in their early December presentations.  So why no continuing buying with such positive sentiments?

A potential theory - speculative and there could be lots of other reasons - is that they can't buy right now.  If there are material events pending then insiders are precluded from any share activity until such time as the news is made public to all relevant parties.  And I haven't seen any news yet.  So let's wait to see if news is released soon.  Obligation to disclose on a timely basis.  As the song goes - signs, signs everywhere a sign...
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