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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 > 1/2 million shares...
View:
Post by mercedesman on Nov 01, 2021 3:43pm

1/2 million shares...

Why did Seto, Kellum and Biel purchase over 1/2 million shares, and Seto exercise another 85,000 options  in July / Aug?

Now that the price is down by over 1/3 since then, are they ...

a) unhappy ?
b) surprised ?
c) calling their broker?
d) reviewing the fine print of the AGP agreement - wondering if they missed something? 
e) none of the above


Follow the money....I always say.


BTW...lets check Seto's haul so far.

(please check my math)

Shares  474,870
options 1,389,206
warrants 104,935
RSU 250,590

Total 2,219,601

Most of which accumulated/aquired in 2021 !!

At a theoretical $ 10 USD (a bargain for the combined Dialco and PMX/EAA pcs assuming FDA success/approval)  that's about $ 28M  CAD

Enough for a high-end yacht and a gift with purchase, party with the Coors Lite girls.

MM
Comment by Accountprince on Nov 01, 2021 4:29pm
Thanks MM for your intelligent, factual and informative review of the substantial share purchases by the Chairman of the Board, the CEO and the CMO recently.  All those purchases while the share price hits a new low.  If they had set out to accumulate substantial shares in 2021 at the lowest possible prices then random market forces seem to have helped them achieve this to an ...more  
Comment by mercedesman on Nov 01, 2021 5:12pm
Thx AP I find it ironic that Davi thinks everyone who posts positively is the same person. all while he and Shake(the)tree often post together and often use the same obscure words (e.g.duplicity and duplicitious).  I find it easy to dispense with Pez's arguments.  All of them seem obsessed with STT (one poster) and rarely comment on the stock, it's prospects, the trials, the ...more  
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