Share Value LossSpectral was full of opportunity and potential at the time Seto came on board. The share price was in excess of $0.70 per share. Paradigm had put a value of $2.00 per share that was revised to over $4.00 per share when the Baxter deal was announced.
Since then the share price has dropped to a pathetic $0.33 per share and today we find out we've lost 70% of the value of Dialco because he permitted and oversaw a non-compliance with the Infomed agreement. That's the only facts reluctantly provided to shareholders. Infomed are obviously prudent businessmen and with Swiss efficiency have scored 70% of Dialco for zero dollars. Forget all the nice words in the press release - we are now a minority partner in our company at 30% after a forced giveaway of 70% and our fortunes with Dialco will be determined by Infomed acting on their own as majority. A laughing stock to the market.
I don't see any value exhibited by management over the last 3 years. Only loss of value. Time to stop doing the same old thing hoping for a different outcome. Time to sell our assets for the inherent value now before it's dissipated by incompetent management.