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Bullboard - Stock Discussion Forum 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... see more

TSX:EDT - Post Discussion

Spectral Medical Inc > Really feels like more a FDA thing than anything else
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Post by SouthernTierTom on May 20, 2021 3:29pm

Really feels like more a FDA thing than anything else

In August of 2014 ( the 22nd I believe ) the FDA declared Meddwell and Spectral as "NO LONGER available for purchase" buy those under the agency umbrella.  How much did they "already own"? we don't know.

In 2012 Altercyte was founded as a private entity that involves many key EDT players..both old and knew.  When asked during AGM proceeding eager EDT retail beavers were told that Altercyte was "for future use" and we were led to believe it was not anything we needed clarification on.

In 2016 our FDA phase 3 trial ws completed and deemed a "FAILURE" as per Natalie from Reuters, she was "granted" a special interview early the morning of October 3rd 2016 while our bid / ask was at 1 penny and our financing partners were preparing to announce 4 and 5 cent SP targets on CNBNN.  Our first real exposure / piece of marketing from our "partners" on Canada's business network.

Days after the phase 3 Euphrates finished, CTSO made claims around a Sorb XL filter being potentially superior to PMX as it removed endotoxin at similar rates and added cytokine absorbtion. Like a thong on a well nutrioned person, XL has been not seen in a meaningful way since.

In 2017 during the EDTXF AGM, a special member of the retail holder group brought the XL, Oxiris and PMX results to the attention of the "crowd", the paper authored by our current CMO was the main topic of the AGM Q&A and occupied much of the Q&A presentation,  The author, also acting as the lead DSMB person in our phase 3 Euphrates was referred to as our "friend"

days after our 80 -90% reduction in share price, our then CFO SOLD all 225K shares and Stockhouse specialists inboxed key listeners all about the sale.  days later the 225K shares were bought back in a corrective measure to cancel out the hasty act.  Once again key Stockhouse members cirulated the activity in a timely fashion.

In the Fall of 2017 a key current member of our management team publically questioned the cost to efficacy ratio of PMX after Dr. Anton Nelli made a very mesningful speech regarding the phase 3 Euphrates results and post-hoc ( aka "deep-data-dive" ) analysis of the phase 3 results.  He explained the 1/3 of severely septic patients being "void of bacterial infection", pointed to the 21% absolute efficacy and made comparisons to phase2 results and also the Euphas2 registry.

This is a very rude-imentary MD&A brought to you by the STIG and based on my failing memory, I challenge and welcome all corrective measures.

Are you supposed to by "worried" about this day's activity...my answer is YES...should you be woriied about today's activity...well...do your own DD is perhaps the most appropriate answer.

PLEASE do your own DD and never trust ....well anyone ; - (

Bon chance,
Tom
Comment by SouthernTierTom on May 20, 2021 3:54pm
Oops spelt meaningful wrong! In August of 2014 ( the 22nd I believe ) the FDA declared Meddwell and Spectral as "NO LONGER available for purchase" buy those under the agency umbrella.  How much did they "already own"? we don't know. In 2012 Altercyte was founded as a private entity that involves many key EDT players..both old and knew.  When asked during AGM ...more  
Comment by Accountprince on May 20, 2021 4:14pm
All those trials and tribulations - and thanks for summarizing them - occurred a few years ago.  History is important but so many great things have happened since the beginning of 2020 and yet the market has dropped the value of the company.  So the focus is on management as they are ultimately responsible for success or failure of this company as judged by the market.  So far they ...more  
Comment by SouthernTierTom on May 20, 2021 4:28pm
If the players remain the same...and it is working for "them"...see very low ACBs, focussed financings and tremendous scientific success...why change? Sorry AP, not everyone cares about you / us...money is a nasty thing! Pardon me if I continue to "spew fact", I always wanted to be a lawyer..I blame it on "Ironside" I will re-post and add to my STIG MD&A...I ...more  
Comment by mercedesman on May 20, 2021 4:58pm
The good news is that the insiders want a payday/and need an endgame to effect said payday ("greed is good" - G. Gecko) The bad news is that the endgame plays out according to their timelines.  We (retailers) need to be vigilant that it will be an endgame that divvies up the spoils fairly, and truly maximizes ALL shareholder value. i.e. that some do not become more equal than ...more  
Comment by Domino55 on May 20, 2021 6:19pm
MM, Dr. Kellum on Monday said we are on the 10 yard line with a clear, albeit slower than expected, run to the FDA approved end zone. Unless I heard him incorrectly the approval of PMX was a matter of impending fact. how does correlate to an 8 % loss 3 days later? How late do you think they plan on waiting to properly value the SP?
Comment by SimonSaid on May 20, 2021 7:13pm
Which end of the field was being referenced?
Comment by JohnnyCashMoney on May 20, 2021 10:17pm
The 12th horse is running!! Sime on said??? 
Comment by mercedesman on May 20, 2021 10:10pm
1. It doesn't. But only twelve people heard him speak. It doesn't look like they really want any large audiences, especially foreign ones.  A fairly valued SP does not appear to be on their wish list... at all. We can speculate as to why that might be.  2. seems like the last possible minute. And maybe it's not via disposition on the open market that the 70% + insiders ...more  
Comment by Domino55 on May 21, 2021 9:44am
Thanks MM,
Comment by mercedesman on May 20, 2021 4:22pm
I found 8 other spelling mistakes that you missed. But who's counting  ? MM
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