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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 > Closed Under $0.30 per Share
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Post by Accountprince on Apr 12, 2023 4:19pm

Closed Under $0.30 per Share

Hard to believe it was driven down to $0.29 per share on just under 150K of published volume.  Let's see:

1. A new raise?  Can't be as they can't be out of money yet from the last raise.
2. Options being granted to management?  A distinct possibility.
3. Investor Day Presentation? Investors exiting but why wait until the third day after the presentation.
4. Management shakeup? You'd think that would be disclosed right away.
5. Head fake?  Haven't seen one in a while but enough characters around capable of that move.

Not sure what to make of it.  Probably option grant to management since the PSU's likely worthless based on timing of when FDA approval must be achieved.
Comment by mercedesman on Apr 12, 2023 5:17pm
Perhaps the news is so good, that they decided to remove the wall temporarily so that they can re-work the PSU's. What a gift to those unconnected types that can read between the lines, and have the stomach for it * ! Speaking of stomach...here's the latest on abdominal septic Shock - another 66 patients receiving PMX-HP (with about half getting CHDF)   The Japanese meanwhile ...more  
Comment by Accountprince on Apr 12, 2023 5:40pm
MM - Lower the buffet price for a couple of employees to benchmark their gourmet meals?  Sounds bizarre but based on the past could be correct.  Based on where this should go a couple of cents off the existing price should be meaningless.  I would have thought an extension of the expiry date for management's coupons would have been more than generous and suffice. Anyway, for ...more  
Comment by mercedesman on Apr 12, 2023 10:41pm
It's all you can eat baby " -  poker legend S Nguyen  "Lower the buffet price for a couple of employees to benchmark their gourmet meals?  Sounds bizarre but based on the past could be correct. " Capitalism at its best   "Based on where this should go a couple of cents off the existing price should be meaningless." in the end analysis  ...more  
Comment by Mrlucky on Apr 12, 2023 5:23pm
I'm not surprised at all.... lucky it's not lower they Just brought out an investor presentation stating nothing will happen for 1-2 years and that they don't want an early stoppag.... nothing to look forward to(dead money) I would think that an investor presentation is to attract new money not scare it away they won't have enough money to last that long so they will need to ...more  
Comment by BayStreetWild on Apr 12, 2023 6:03pm
At least they've made an attempt at being honest. Always take in on the chin in the short run. Now they have to be consistent in their honesty and hit targets as stated. Takes a lot of effort to fix investor trust. 
Comment by hmmmmmmmm on Apr 12, 2023 10:04pm
Beyond timing I'm sure some investors heard the dilution numbers Seto through out.. When the CEO tries to tell you that dilution of 50 -100 million shares is no big deal most sane people run. 
Comment by mercedesman on Apr 12, 2023 10:29pm
You're not running, so by your own logic, you must be insane.  but ... I know....tell us again that you're here to save us. 
Comment by hmmmmmmmm on Apr 12, 2023 10:34pm
Excuse me, I of course meant "threw out". 100mill is 1/3 of all the shares currently printed.. You better "pump up" your projected sales numbers if your going to dilute like that. Otherwise you might see shareholders throughout the land jumping ship.
Comment by mercedesman on Apr 12, 2023 10:56pm
I personally think it'll be closer to 50 million ...including new goodies for all those well positioned.  ... but that will depend on many factors including: - pace ( as in change of) - Euphas 2 results - Baxter - Board makeup & behaviour  - Gorf-like replicants  - etc  But I do like the admission that Sales figures in the EBITDA slide don't tell the ...more  
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