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Bullboard - Stock Discussion Forum Spectral Medical Inc T.EDT

Alternate Symbol(s):  EDTXF

Spectral develops devices for unmet medical needs. Sepsis occurs in 1.7M Americans/year causing 250K deaths, often caused by endotoxin. Our devices measure and remove endotoxin from the bloodstream. An FDA confirmatory trial is underway. Dialco, a Spectral sub, offers SAMI, a novel instrument for renal replacement, cleared by FDA. Dialco is seeking FDA approval for DIMI a unique home dialysis enabler. These devices have large commercial potential

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Spectral Medical Inc > Financing
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Financing

Quacker (36) | August 15, 2022 05:53 pm

If there is financing that is needed there are two options: 1. Go to the Bank and get a Line of credit using the contracts from ARC and Dept of Veterans. 2. Go to the more likely source Baxter and ask them to give their 2nd tranche a little earlier. We have signed a contract with them and now seeing what Dialco has done with Arc and Veteran 's Dept, it might be to their benefit. If there is a financing coming out in the way of warrants, first right should go out to the existing shareholders (we have kept the company a float for all these years). l would love to see a Shareholder Ombudsman selected to sit on the Board and responsible for sitting on the Compensation Committee in charge of looking at Management Compensation. Also, should be in charge of shareholder updates. I invested in this company as they were looking to get rid of sepsis in North America and still believe we are on the right track. I remember the cardiac discovery so you know I am a Long.

RE:Financing

Gorf79 (371) | August 15, 2022 07:10 pm

Of course there are alternatives...

Only a completely useless, repugnant human being would support a financing at 2% NPV?

How pathetically incompetent an individual would you have to be to support a financing at these levels?

RE:RE:Financing

JohnnyCashMoney (210) | August 16, 2022 09:12 am

$20 more keep bashing!!!!

RE:Financing

Accountprince (276) | August 16, 2022 10:12 am

Thanks for your contribution Quacker and welcome to the discussion amongst real shareholders.  Your suggestion for requesting Baxter to accelerate a payment (or do an advance against the next one) is soundly based.  Spectral has initiated the EDEN study at Baxter's request and also initiated pre-marketing efforts - Baxter is responsible for all costs of marketing don't forget - so asking for a contribution to the corporate kitty is a very reasonable request.  Hopefully the brainiacs in charge can see what is right in front of their eyes for liquidity purposes.  No friends and family party favors necessary if the obvious option is chosen.

I support your suggestions for giving us some representation on the board especially since 30% did not support Seto being appointed to the Board.  But I expect the insiders would not want the "outside" shareholders having their input in matters of fiduciary duties and fair compensation policies.

RE:RE:Financing

Gorf79 (371) | August 16, 2022 10:19 am

AP,

It's a private company masquerading as public in order for insiders to acquire as much control as possible through private financings and to facilitate the impending "easy" sale of each division.

There is no retail representation on the board and never will be.

Anything that may infringe on the furthering of criminally cheap insider ownership is a no go.

RE:Financing

mercedesman (938) | August 16, 2022 10:33 am

Quacker wrote: If there is financing that is needed there are two options: 1. Go to the Bank and get a Line of credit using the contracts from ARC and Dept of Veterans. 2. Go to the more likely source Baxter and ask them to give their 2nd tranche a little earlier. We have signed a contract with them and now seeing what Dialco has done with Arc and Veteran 's Dept, it might be to their benefit. If there is a financing coming out in the way of warrants, first right should go out to the existing shareholders (we have kept the company a float for all these years). l would love to see a Shareholder Ombudsman selected to sit on the Board and responsible for sitting on the Compensation Committee in charge of looking at Management Compensation. Also, should be in charge of shareholder updates. I invested in this company as they were looking to get rid of sepsis in North America and still believe we are on the right track. I remember the cardiac discovery so you know I am a Long.


Nice Post !

There are actually several forms of alternative financing that could fill the kitty, including:

1. Debt * -  (always the cheapest form of financing) *  on the strength of valid orders/contracts.
2. Convertable Debt.
3. Accelerated Baxter payments
4. Deposits on future SAMI units to be sold to ARC and VA (perhaps discounted in return for advance deposits)
5. Distribution Agreement Advance (for potential future Dialco partners) ala Baxter
6. Announce a spin-off Dialco (will also appreciate the SP) and perhaps, at the same time, sell a small equity portion to a Major, or other Interested party.

* Next to improving the SP by making the stock better known via PR/Marketing, more US exposure, etc.    Would allow for more funds inflow for say.50 warrant execution.  At the very least, less dilutive eqty raises with a supported/healthier SP.

MM




RE:RE:Financing

Gorf79 (371) | August 16, 2022 10:41 am

Some very valid suggestions MM.

However none allow for insiders to acquire more pathetically cheap shares. 

The easiest and most efficient way to do so is another criminally cheap financing... I hope they won't but it is sure looking that way.

BTW didn't the CEO suggest 2023 would see "many multiples" of the equally misearable 2022 share price. We can chalk that up to the well visited ludicrous joke column that has been the hallmark of Spectral management for decades.

I had thought things had changed with the new regime but not when GREED comes into play.

RE:RE:RE:Financing

daviking (224) | August 16, 2022 11:57 am

We'll that didn't take long for you to return to your schizophrenic self!!! Pump the bejeezus and then bash like no other 'beech boy' has!
LOL

RE:RE:RE:RE:Financing

gebremeskel (225) | August 16, 2022 12:34 pm

I sometimes wonder if there's anybody posting here except Tom. Funny how, as Gorf, he has resumed the exact same type of exchanges with mercedesman - ( "Hail-fellow-well-met!" ) - it must irk that he can't post about his imaginary friends "the beechboys" anymore as this would blow his "cover", flimsy as it may appear to other posters. But then, Tom's description of the beechboys always did apply more to himself, with his multiple identities, than to anyone else posting on the board.

daviking wrote: We'll that didn't take long for you to return to your schizophrenic self!!! Pump the bejeezus and then bash like no other 'beech boy' has!
LOL


RE:RE:RE:RE:RE:Financing

mercedesman (938) | August 16, 2022 01:44 pm

Gerbalmeister

If you'd like, I can be constructive on your posts too !

For example from you July 20th post

"I'm a relative newcomer. But I've been here long enough to have been sadly holding an almost empty bag on Oct. 3, 2016 when the previous trial failed. Now that things are looking up I'm glad I held on to my original shares. I just bought more at 46 cents. " -Gm

Good on ya for buying last month !.   Only one small problem,  you should have sold .50- .55 and then waited for a buy-back opportunity  (e.g today's 25% off recent highs).  Low volume, and lack of follow-thru creates all kinds of opportunities if you can read the tea leaves.  But credit to you for hanging in post Oct 3, 2016, and for being half right of late.

MM

RE:RE:RE:RE:RE:RE:Financing

gebremeskel (225) | August 16, 2022 01:58 pm

Gerbalmeister!

Why that's the exact same nickname SouthernTierTom gave me!

Uncanny!

It's almost as though he's still here!


mercedesman wrote: Gerbalmeister

If you'd like, I can be constructive on your posts too !

For example from you July 20th post

"I'm a relative newcomer. But I've been here long enough to have been sadly holding an almost empty bag on Oct. 3, 2016 when the previous trial failed. Now that things are looking up I'm glad I held on to my original shares. I just bought more at 46 cents. " -Gm

Good on ya for buying last month !.   Only one small problem,  you should have sold .50- .55 and then waited for a buy-back opportunity  (e.g today's 25% off recent highs).  Low volume, and lack of follow-thru creates all kinds of opportunities if you can read the tea leaves.  But credit to you for hanging in post Oct 3, 2016, and for being half right of late.

MM


RE:RE:RE:RE:RE:RE:RE:Financing

mercedesman (938) | August 16, 2022 02:19 pm

Wow !

Great minds...(or I learned from the best)


Was that over on TLT?

RE:RE:RE:RE:RE:RE:RE:RE:Financing

gebremeskel (225) | August 16, 2022 02:31 pm

Indeed!

You two are truly birds of a feather!

But it would be a shame to exclude the multi-billionaire savant Gorf from your little two member group. Add Gorf and you will have a cozy little triumvirate. You could even give yourselves a name. How would "beechboyz" suit?

mercedesman wrote: Wow !

Great minds...(or I learned from the best)


Was that over on TLT?


RE:RE:RE:Financing

mercedesman (938) | August 16, 2022 12:07 pm

I hear ya Gorf.

But I suspect there is a large contingent of "non-insiders" that are both torn, and making their thoughts known.

Let's reserve judgment to see if, in the end, either or both parites are overcome by "opportunity".



MM

"everyone was kung-faux fighting, those cats were fast as lighting..." - Carl Douglas

"all animals are equal, but some are more equal than others"  - George O.