There hmmm goes with that wonky math again. From two of his( they, there) most recent posts
" it'll take 7yrs to complete the Trial"
and
"Back on June 20th at the AGM Spectral had 37 patients
.... Eight months later (without Covid burden on ICUs) they have only been able to enroll13 patients"
First off it's actually 52 per the presentation
52-37 = 15 in 8 months
= 1.875 per month ( not great at all but much higher than hmmmm has calculated )
90-52 = 38 to go until interim ( see APs post for this explanation)
38/1.875 = 20 months IF they continue at this, agreed, VERY SLOW pace.
1 year and 8 months is not 7 years ( or in other words 84 months)
20 months is not 84 months ( it's less than a quarter of 84 per my calculator )
if you're going to bash at least be accurate with your numbers.
I suspect that the BOD and Mgt is getting enough pressure from certain shareholders that they should be able to pick up the pace and reduce that 20 to maybe 14?, 12?, 10?
So in summary, per Hmmmmm, this is dead money for 7 years.
I say, I wouldn't want to be short or not owning, or out altogether once the pace starts to tick up ... even by just a few more per month.
I also suspect that restarting a trial after a pandemic is a bit like starting up a steam engine. Takes a bit of time to get moving again... but once you build up the necessary head of steam the pace of forward momentum begins to quicken with less energy expended and each shovel full of coal.
But it's not coal this BB gang is shovelling.