Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Stocktreeon Jul 05, 2022 5:24pm
222 Views
Post# 34803376

A scenario like this one is what I fear will happen with EDT

A scenario like this one is what I fear will happen with EDT
I just copied an article (below) regarding a takeover that occurred with another company. I changed the names of the companies involved to X and Y, but it's really easy to understand that the efforts made to push down the price of our stock might well result in retail shareholders being cheated in the end. So any calculations based on a normal situation where the price of a stock appreciates in proportion to the successes of the company might just be raising hopes for nothing.

"Little Guys" Fight X Buyout."

According to the article, angry at what they say is an unfairly priced takeover attempt by Y, more than three dozen small shareholders of a Canadian biotechnology firm, X Inc., are trying to band together to block Y's deal to buy the company. On a website set up by a X shareholder, investors claiming to own nearly a million shares have vowed to vote against the $zzz million Y takeover disclosed last week, calling it "ridiculously low," a "sham,'" and a "cheap sellout" driven by collusion among X insiders, Y, and a billionaire investor.

Although a shareholder website is unusual, Bob said the small investors were unlikely to have much sway. "They may be able to agitate enough and get the board members of X to go back to Y and ask for another couple of pennies, but beyond that I'm not confident they're going to do much," said Bob.
<< Previous
Bullboard Posts
Next >>