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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 mercedesmanon Jul 07, 2022 11:44am
228 Views
Post# 34808506

RE:RE:RE:RE:Disappeared Trading Volume

RE:RE:RE:RE:Disappeared Trading Volume
Gorf79 wrote: None AP... but I know no one would touch my 1 cent over ask sell order for two weeks plus.

I've never seen that before on any stock, let alone a newly commercial medical equipment supplier with a paradigm shifting technology now being adopted by massive US dialysis providers!

Weird eh...


I put it down to less than 25 -50 active retail (non-insiders) traders even being aware of the Company.  Maybe throw in a few F&F's

Most, likely believe that they have enough shares already (in order to get rich on a pop to the "real" underlying value as will be revealed by a future buyer).

No promotional effort at all, that I can see to bring in newbie investors.  A presentation on the website does not really count as promotion in my book.

The cost of low promotion? = higher cost of capital, and more dilutive financings that, in essence and IMO, steals ownership away from the non-insiders and more often than not, even the F&F's.

MM
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