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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

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Post by oilandgasman on Mar 14, 2022 9:25am

Greed

I'll just say i had contact with someone deep inside the company. He played this off in the most defensive way and gave no real reason other than" these new guys need incentives " Like Seto's 4 million options weren't motivation enough?  So lets up those warrants to 7 million? Now 3 million options is the new buggy whip line to get performance out of someone who hasn’t performed well up to date but still collects a paycheck?  I’ve had enough watching retail equity exit via capital raises now it's sticky finger insiders who need gross amounts incentives?  The company needs come up with an explanation quickly or perform now. FYI spectral this looks bad plus being silent as a company isn’t helping…The next capital raise will blow my top and it’s just around the corner I I don’t like it or the tone this insider took with me and I’ve known him for a long while.. i can't blame him for being thin skinned though.. I'd be too with this performance.
 
Comment by Domino55 on Mar 14, 2022 11:20am
Is it greed? Is it opportunism? Is it necessary?  Is it all three?  I'm not sure. If Friday's reporting is accurate it is nearly 3% dilution in "options". a lot can happen with the "coming soon" sign posted and the windows blacked out. from here on out nothing would surprise me.
Comment by oilandgasman on Mar 14, 2022 11:44am
One thing wouldn't suprise me, Them reaching in my pant pocket of stocks for more dilution, it's the one thing you can count on with Spectral the other being delayed/missed or unrealistic timelines.
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