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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 > Zero enrollment update
View:
Post by hmmmmmmmm on Mar 09, 2023 1:49pm

Zero enrollment update

So we have to imagine it's because zero patients have been enrolled. 

Back in August they told us 4 trial sites would be added by end of 2022. And they said 20 would be enrolling by the end of this month.

No matter how tiny the pledge- 
Seto and Kellum seem to find a way to come up well short.

PS  I wonder if Kellum had to be given extra performance options to shoehorn in schlocky adjectives like "acclerate", "rapidly" and "swiftly" to describe a stalled trial?
Comment by mercedesman on Mar 09, 2023 4:37pm
So since you like to "imagine" 1.  Is it time to update your Trial completion to be either 8, 9 or 10 years?  I didn't bother to redo your wonky math based on your latest extraoplations (i.e. using 12 "new" enrollees now over 9 months). It's a shame that over that 10 year period (if you're now claiming that's how long it's going to take) then ...more  
Comment by hmmmmmmmm on Mar 09, 2023 6:16pm
Ha. I was commenting on Spectral's sad new press release. But you're not interested in discussing the company's announcement-  you'd rather deflect with a confusing litlle word salad aimed at me.. 2. We all know by now that it's Management and Board that can't be bothered. They've shown zero interest in speaking to shareholders concerns, or in  ...more  
Comment by mercedesman on Mar 10, 2023 9:40am
That's rich, especially for someone that is almost never interested in discussing the big picture, what they have secured so far, the overwhelming need (lives and ICU costs), the mountain of evidence for PMX, etc. Your sole refrain has only to do with some extrapolated number from recent months(or Covid included periods of time) that somehow suggests to you that they will not ever score a ...more  
Comment by Accountprince on Mar 10, 2023 11:04am
Hmmmmm...I expect you're aware that Baxter has set up KidneyCo and has a 12 to 18 month time frame to "butterfly" into two public companies.  Given reporting time frames they will gear towards end of 2023.  They feature the EAA and PMX in their KidneyCo presentation as a feature product and have committed to marketing it Day 1 after FDA approval.  Let's assume you& ...more  
Comment by SimonSaid on Mar 10, 2023 1:24pm
Sadly, Spectral does not have the funding to get to the end of 2023.  At the current burn rate they will need money September/October 2023.
Comment by hmmmmmmmm on Mar 10, 2023 1:25pm
There is a lot we agree on AP. Baxter has clearly shown they want to bring PMX to market. They've invested 7.5M  for 40- 50% of PMX's future revenue,  and in their KidneyCo presentation it's clear. And even though Baxter does not list PMX in it's "near term" launches for 2023/ 2024 (link below), I'm sure they'd like it to be available to sell now.  ...more  
Comment by Accountprince on Mar 10, 2023 1:59pm
Thanks for your response hmmmmmm.  We do agree then that Baxter is the expectant suitor and their time frame is approx this year (2023).  Don't forget we already have credit for the cases done through the prior trial.  Tigris is a confirmatory trial and they have at least 52 completed cases that are greatly exceeding expectations.  To get to 90 they need 38 more of which ...more  
Comment by hmmmmmmmm on Mar 10, 2023 3:24pm
Wow. That quickly became an extreme dream pump. So you and MM say PMX approved there's a "$8 dollars per share for the company". As Baxter already owns 40- 50% of future PMX revenue.. You're calling PMX value around 16 dollars a share! Oh boy, a 53 bagger... Sorry, this is just nonsense. MM wants to sell the fantasy that the trial will be magically stopped at 90 patients. Now ...more  
Comment by Accountprince on Mar 10, 2023 3:57pm
hmmmm...Seriously?  Have you been asleep at the switch during all the valuation conversations that have occurred over the last few years?  Or is all that high fallutin math beyond your comprehension?  No reason to be ashamed if you don't understand the complex world of EBITDA and EBITDA multiples in the health care industry or how the value of a company is determined.  Take ...more  
Comment by hmmmmmmmm on Mar 10, 2023 7:28pm
Ha. You can keep attacking me- but it's clear to even a casual veiwer your anger is misplaced. No one believes this chat board is why the stock is at .31 cents. or why 300 shares traded on the TSX today. Your agenda is clear. I'm not going to waste effort trying to convince you of things that are obvious.  But, I will call out the disingenuous shilling. And I will call out ...more  
Comment by Accountprince on Mar 11, 2023 9:43am
hmmmm...I don't attack anybody.  I call out lies and deceit.  End of story.  And your non-response speaks volumes about all your lies and deceit.  You are the most inaction I've ever seen in a self proclaimed shareholder activist.  You are a five star at doing nothing.  The epitome of nada.  Achiever of zilch.  McDonothing.  Funny that you want ...more  
Comment by hmmmmmmmm on Mar 11, 2023 11:05am
Wow that's a lot of McMean McNames,.. I'm glad you don't attack anybody.. ha. I agree, I'm totally hoding down the share price. It;s all me.. Zero to do with managemt enrolling 1/5 of their "worst case" scenario. Zero to do with the loss of control of DIMI/SAMI after years of telling us the trial is about to start.. and raising money on tales of DIMI's "ultimate ...more  
Comment by Accountprince on Mar 11, 2023 11:40am
hmmmm...you haven't answered one question as to what you did as head McShareholderActivist.  Therefore you are McDonothing.  Lots of effort stirring the pot - no effort at saying what you did. Consequently, you can't be taken seriously.  Do some real esplainin cause otherwise you are just a paid basher supporting the program to hold the share price down.  Nothing real ...more  
Comment by hmmmmmmmm on Mar 11, 2023 12:06pm
It’s misdirected anger Dear.   You’ve lost money and you want to blame me. Makes zero sense- but we clearly aren’t getting anywhere in type- so you want to get into it?   Happy to hear your complaints and answer your little questions.   416 626-3233   Anytime Dear.
Comment by Accountprince on Mar 11, 2023 12:34pm
Enjoy the beer and weed money you've earned.  You must get overtime rates on weekends.  I'll stick to talking intelligently with real investors that have real money invested in a play with huge returns pending.
Comment by hmmmmmmmm on Mar 11, 2023 12:41pm
Weed money? The only one we know that's earned weed money is your man Seto. Now that you mention it, maybe that  e x p l a i n s   t h e  s l o w  e n r o l l m e n t  .    .    .
Comment by JohnnyCashMoney on Mar 10, 2023 7:40pm
In 2 weeks there will be an update. To read in advance go to last years year end update add a couple people to TIGRIS and remove the part about Dialco. 
Comment by JohnnyCashMoney on Mar 11, 2023 8:29am
There will be an excuse and a positive spin...that will never happen 
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