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 > This is going nowhere. Past and present are proof of that.

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Comment by RickyBobbyTOon Jun 10, 2022 1:20pm

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Post# 34747641

RE:RE:This is going nowhere. Past and present are proof of that.

At this point it wouldn't surprise me if insiders decided to do a financing at 20 cents with a double warrant for friends and family only.

RickyBobbyTO wrote:

to an extent, it feels broken beyond repair.

Can't wait to see who puts money here again and how steep the discount is and how many sweeteners come with it. No way a half warrant will do it after the carnage here. The implied but not fulfilled promises for 2 straight years. Credibility has been irreparably harmed. And then stomped out with the insane option/RSU/PSU handout at market prices well below any financing in recent years. The grab bag is so insane that it can only be summarized as a shock and awe campaign. Likely it will need a full or double warrant to close even 5 million. No one can possibly touch this. Especially if you're managing clients money. My opinion anyways.

Stocktree wrote:
They officially developed several potential lines of cash and future potential lines of cash, but never seem to have what it takes to bring them to fruition business-wise and to honour their duty to their non-insider shareholders.

Even Stockhouse posters (apparently small to medium retail shareholders), which are fewer and fewer here, are not interested in going to the next general meeting. Even those who have spent a good part of their "free" time here (several times a day almost everyday) and away from their work/family/friends to steer the BB in the weird direction it has taken (constantly criticizing management but pumping the stock in the most unserious and fked up way) can't get away from their work engagements to directly ask management the tough questions.

Just for any bystander who mistakenly drops by.