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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 BlueJays9293on Nov 12, 2024 7:15pm
116 Views
Post# 36309239

RE:RE:RE:large amount on bid side

RE:RE:RE:large amount on bid sideInteresting, and I hear you Dunny.  So yes, it is possible that a long term shareholder's big block of stock is looking for an exit, and this is just a precursor to taking down that block of stock that needs to be sold for estate planning reasons, executors of a will needing to distribure it's holding to inheritors, or whatever the case may be.  I get it, this has been an exhausting journey that not all of us are going to survive, just simply because of our own mortality, torches will need to be passed on, some torches will sadly extinguish, but that will in no way stop the medical advancement, that we all ulitimately believe in. 

And I do respect that they are telegraphing this in advance by posting those size bids, making them known in advance, so that anyone that cares to join in is more than welcome to.  That huge bid wasn't hit today by a surprise seller, if this was a nefarious operation, that bid would have been hit within hours of it being posted, and yet it wasn't.  This isn't some dark pool voodoo magic, this is more of a compassionate floor being set for one of our long time shareholders needing to liquidate a large block just because of their circumstances.

Anyways, everyone is fully allowed their own interpretation of this, I am just offering mine.  Thank you Dunny for confirming this and big thanks to you Geery, for taking the time to inform the board of this information in the first place.  Cheers.      
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