Spectral Medical Inc EDTXF

But can you make payroll?

[hmmmmmmmm]

It must be very exciting to announce 4 patients enrolled in the last 7 weeks- even though your own  "worst case" projections were .5 per clinic- or 7.5  new patients per month.

But most investors would love to hear if you can make payroll.

From the Q2 filing (linked below) states 3,466,000 cash on hand as of June 30
Operating cost of 3,241,000 for previous 3mos

  3,466,000  (June 30)
 -3,241,000 (July, Aug, Sept aprox.)
------------------
   $ 225,000 

Trying to square how a company with a 100mil market cap would not be communicating with their shareholders when these are their most recent financial numbers?


https://spectraldx.com/wp-content/uploads/2022/08/spectral-q2-2022-results.pdf

[JohnnyCashMoney]

Those veterans must have bought and paid for a couple machines (sarcasm intended). 

[mercedesman]

Maybe the Exec's have agreed to compensation "in kind" Fixed Salaries are the biggest nut to cover during a sssssssslllllllllllllooooooowwwwww Trial. Queue the "lifestyle commenting" posters. Or maybe there's sumphin afoot ...and someone's about to get out their lucky pen. MM

[jonnieboy]

You can rest assured the money is already there, not sure by which means though. There is no way they are not going to make payroll, perhaps they have a loan in place, or a front of some cash for future considerations ?  I would hope whatever it is they are not gifting a boatload of shares to family and friends, that would be a bit of a kick in the knuts { the K is silent }   

[BayStreetWild]

One thing about spectral... they always get a paycheque!