Spectral Medical Inc T.EDT

Trading review from July 27 to today - Where is Paradigm? !!

[SouthernTierTom]

Good evening friends.  Below is a full report of trading activity since the "deal closure" on July 27 2021.  I've bullet pointed a few factual ( as always ) comments to help provide "color".

* Paradigm Capital, the orgainizer in the last two financings ( 60 cents with half 75 cent warrants and 42.5 cent with half 50 cent warrants ALL CAD ) is the former employer of our acting CEO

* The most recent deal was a FULL 10M CAD bought deal ALL done with AGP here in the US.  

* The share price dove significantly both before and after the 10M bought deal was done

* Since the deal was closed on July 27, NO insider activity has taken place and Paradigm has not purchased a single share under their house #16 name

* Paradigm did sell 87K shares just a day or two before the 15 cent 52 weak low was applied to the stock.  Paradigm's sell of 87K was done at ~25 cents CAD.

* US trading remains a LARGE disappointment as the news from EDT STILL does NOT make it's way to the US market.  It has been more than 5 years since NR's have been available to the US market as a proper attachment to the ticker symbol.  trading on the EDTXF symbol here in the US remains primarily SHORT

* Please analyze the numbers povided and let us have a meaning common shareholder discussion around the trading.

* Have a wondeful day ; - )

House Positions for C:EDT from 20210727 to 20211221

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	7,535,545	2,230,260	0.296	2,002,949	591,453	0.295	5,532,596	-1,638,807
85 Scotia	1,999,823	541,048	0.271	839,766	221,858	0.264	1,160,057	-319,190
9 BMO Nesbitt	1,206,636	405,747	0.336	321,432	102,843	0.32	885,204	-302,904
2 RBC	2,468,602	741,598	0.30	1,736,553	491,622	0.283	732,049	-249,976
79 CIBC	1,473,477	416,215	0.282	981,808	301,557	0.307	491,669	-114,658
88 Credential	465,465	142,383	0.306	28,825	7,014	0.243	436,640	-135,369
19 Desjardins	638,455	171,637	0.269	273,901	72,794	0.266	364,554	-98,843
80 National Bank	1,344,223	390,260	0.29	994,068	274,367	0.276	350,155	-115,893
83 Mackie	163,500	46,820	0.286	141	41	0.291	163,359	-46,779
33 Canaccord	795,567	250,832	0.315	653,162	206,261	0.316	142,405	-44,571
13 Instinet	258,084	86,837	0.336	126,200	39,926	0.316	131,884	-46,911
124 Questrade	288,933	92,231	0.319	162,940	55,004	0.338	125,993	-37,227
55 Velocity	104,000	37,960	0.365	0			104,000	-37,960
89 Raymond James	110,555	30,111	0.272	27,338	8,467	0.31	83,217	-21,644
62 Haywood	71,000	19,514	0.275	0			71,000	-19,514
74 GMP	55,000	17,600	0.32	0			55,000	-17,600
57 Interactive	27,500	9,420	0.343	0			27,500	-9,420
28 BBS	17,000	3,570	0.21	300	97	0.323	16,700	-3,473
39 Merrill Lynch	45,206	11,756	0.26	44,190	11,151	0.252	1,016	-605
212 Virtu	369	136	0.369	451	165	0.366	-82	29
76 Industrial Alliance	0			479	150	0.313	-479	150
68 Leede	0			1,650	536	0.325	-1,650	536
14 ITG	198,866	51,251	0.258	216,256	62,825	0.291	-17,390	11,574
36 Latimer	61,153	18,541	0.303	79,217	23,917	0.302	-18,064	5,376
22 Fidelity	36,500	11,680	0.32	105,000	29,952	0.285	-68,500	18,272
16 Paradigm	0			87,500	21,577	0.247	-87,500	21,577
53 Morgan Stanley	217,513	68,200	0.314	325,281	101,435	0.312	-107,768	33,235
90 Barclays	0			260,000	58,979	0.227	-260,000	58,979
1 Anonymous	5,068,424	1,452,528	0.287	15,381,989	4,564,153	0.297	-10,313,565	3,111,625
TOTAL	24,651,396	7,248,135	0.294	24,651,396	7,248,144	0.294

[mercedesman]

It's a "new paradigm" when the analyst that covers your stock, ends up being a net seller (and never a buyer)  despite the stock trading at 1/10 (or less) than the Analyst targets. Now that is what I call conviction ! MM

[oilandgasman]

FUD much? Investors jumping on an old target price after 2 raises and the collapse of the shear price? I’ll need to agree with Baystreet on the mind numbing stupidity.    Investors jumping on an old target price after 2 raises and the collapse of the shear price? I’ll need to agree with Baystreet on the mind numbing stupidity.  

[oilandgasman]

the old double finger quick post.... *share price

[BayStreetWild]

Terrifying. And we need a rise in 6 months. Guess someone will be getting a LOT of cheap paper. Very sad for longs. 

[BayStreetWild]

chart looks pretty close to MJardins since Seto joined... 

[Domino55]

Bay Street if you think nothing positive regarding the share price is going to happen between here and the next raise, if one is even necessary, you should probably sell and move on.

[Accountprince]

Glad you and BS Wild inboxed each other and came up with the same position in only a couple of days.  Not sure all the fine details of your debate and to and fro.  Must have been very intense though.  The swiftness of your deliberations is impressive in certain circles.  Perhaps both of you can spend some time and assess the actual content of the postings here....hmmmmm? How

[oilandgasman]

I'd think Baxter wants the deal protected and Spectral isn't going to step on Baxter. Easy really..Do i like someone trading on info not made public..NO, but i get it.

[BayStreetWild]

For someone that claims to be an accountant you sure lack fundamental knowledge of how a ledger works. If the company is losing $2-2.5M a month and has $10M in cash as of September with Trial enrolement currently at 0... when do you expect the next raise to be... realistically? If I had to guess, I'd say maybe June or earlier to make sure there's enough bigger room. If it happened in

[BayStreetWild]

not sure why spellcheck autocorrected wiggle to bigger. But you get the point.

[BayStreetWild]

To answer your question directly... I'd say the reason has nothing to do with baxter and more to do with the brokers needing management to show confidence to people they were pitching and the market. Once the 10 million was in the door the price collapsed.  I also believe in potential eventual success of the TIGRIS trial and agree that the current price is ridiculously low as a side

[mercedesman]

Ahhh... The old mystery Hedge Fund selling theory ! Do please elaborate!  Where did they get 10 million shares to sell? The other mystery is Baxter;'s tranche 2 which is in theory due around the same time as you say we run out of cash. MM

[BayStreetWild]

They go short they don't need shares. They cover with financing paper. and it's literally everyone from the financing selling the paper at a loss and even people from before that were disillusioned by the lies. there is a very low probability that they reach 90 patients before they need money. At this rate we are 2-3 years out from that.     

[mercedesman]

But shorts are not up (they were briefly, but not to that extent). What financing paper?  AGM's bought deal ?

[mercedesman]

make that AGP's bought deal?

[BayStreetWild]

it's a compounded problem and hitting from many different angles. Disillusioned investors because of unreliable management, tax loss selling, and potential predatory fund action. These things have to fix themselves one by one. Management needs to stick to its word and follow up by delivering. Eventually the rest will sort itself out. But it has to start with the top otherwise it'll always

[Domino55]

Bay Street, while betting against The share price here has proven a winning strategy time and again I believe that is nearing an end. I'll trust that Spectral will finally reward an analyst's coverage. They are too far along with too many developments to fail.

[Accountprince]

Can't remember if you were slinging the "mind numbing" or "mind numbing stupidity". Doesn't matter and with your last couple of posts - right back at ya!  And that paper you keep on talking about that no one understands.  Could be useful in wiping up whatever it was you were spewing.

[mercedesman]

Nice bit of back peddling on the Hedge fund thing which has now morphed into... "it's a compounded problem and hitting from many different angles." whatever that means ? "Disillusioned investors because of unreliable management, tax loss selling, and potential predatory fund action. These things have to fix themselves one by one." so the stock that has

[BayStreetWild]

I lose brain cells just reading your posts. What a waste of time. The share price will tell it like it is. As it has been. No amount of the pump rooms back and fourth softballs will fix it. But you guys keep justifying your salary. I get it.

[mercedesman]

I was just trying to debunk your theory about a rogue "hedge fund" or the sudden sale of 10 million shares by "disillusioned investors" in concert with the underpriced financing. BTW on the disillusioned investor thing, it's curious they all decided to sell their shares under the cloak of darkness, using the anonymous house.  I would have preferred that you use

[BayStreetWild]

you're a actually so clueless that they should use you as a textbook example of why people need to pass an aptitude test to participate in the stock market. But than again how would the 1% make money.  the anonymous selling is 99% institutional and high net worth selling through their brokerages. The people from the financing or people taking short positions. It didn't take a rocket

[BayStreetWild]

literally only you and the band of pumpers here think 60% enrolment will happen in 2022. Now if you really believe it or you have an angle is a different story.  their lack of credibility is the reason the market cap is where it is. Because not only did people know this shortly after they finished the financing but they also felt cheated. It's hard to trust them with anything if even

[mercedesman]

"the anonymous selling is 99% institutional and high net worth selling through their brokerages. The people from the financing or people taking short positions. It didn't take a rocket scientist to see the company was talking smack and wasn't delivering on the promises."-BSW ok so now it's changed from hedge funds to disillusioned small retailers, to 99% institutional high

[BayStreetWild]

Hahahaha. The only Mercedes you're representing is a picture in your landlords basement. Just no idea what's happening around you. You don't even understand the terminology. Bozo the clown.  "the anonymous selling is 99% institutional and high net worth selling through their brokerages. The people from the financing or people taking short positions. It didn't take a

[BayStreetWild]

Don't worry, I know it's hard for you to keep up.  [/quote]

[BayStreetWild]

Most likely you are using a self directed trading account with one of the big banks. High net worth investors (individual income over $200k per year, combined household income of $300k per year or $1 million in liquid assets) typically trade through full service brokerages and typically those brokers anonymize their transactions. The same applies for institutional.  Therefore the

[BayStreetWild]

hopefully, Seto, who obviously lacks breadth of experience for being a CEO has learned that taking people down dead end roads both erodes investor confidence in the company and absolutely destroys his credibilty. On the flip side, he sounded sincere in the last presentation, he also sounded like he saw where the mistakes were. I am not a saint and we all have growing pains in a new position so

[mercedesman]

Another thing I like about you is that you are both honourable and the forgiving sort After participating in the tax loss campaign that brought it to .15 you were man enough to foregive and forget and buy in/ cover at near the lows.  I wonder if any of those institutions had a change of heart also and have forgiven our CEO ? MM

[BayStreetWild]

You, just like manangement, can't see that your incessant, misleading and dishonest pumping is clear as a bright blue sky. 

[mercedesman]

I wish I could claim that you are a dishonest basher, but you are much worse than that.... you only talk your book. You are whatever is needed at the time: an apologist, a pumper, a basher, a distraction, an overburden, a co-conspirator and a purveyor of misinformation ...ad nauseum.  MM  

[mercedesman]

BSW thank ya for figgering it all out fer us  welllll doggies !  you musta done graduated from one of those fancy learnin  instatushuns  I done got schooled . I had no idea that our CEO could do so much damage!?Single-handedly. Right under the nose of the BoD?! I guess that he would/should have been familiar with those institutions from the last two raises under

[BayStreetWild]

I can't help you with the reading comprehension part. You have to do that one on your own. 

[BayStreetWild]

who knows though. I'm giving them one last chance... they were way more honest in the last conference. Maybe they'll finally deliver.

[Domino55]

BaySt. If I were you I'd sell and move on. You sound like you have been burned here far too many times. Or is your's faux disappointment. It has that feel to it from my standpoint.

[BayStreetWild]

What's your ACB?   

[Domino55]

My ACB is around Seto's, maybe less. Bought a bit more yesterday so likely less. Why do you ask?

[mercedesman]

Old target?  How is Nov 15th, 2021 an old target? EDT is trading near a three-year low. While the recent delays are unfortunate, over that time the company launched the final trial needed for FDA clearance of PMX in septic shock, signed a commercial agreement with Baxter for PMX, has obtained FDA approvals for its two dialysis devices SAMI and DIMI, and brought on a highly experienced Chief

[oilandgasman]

it's an update of very old coverage MM and the 40% hair cut.. I think you've answered you own question.