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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 > Financing
View:
Post by Mrlucky on May 12, 2023 11:28am

Financing

just over 4million left....lets get the financing over with so we can move on, the price will never increase until this is done

Huge options given out...probably because this is the year they do the roll back

5. APPROVAL OF CONSOLIDATION

Background and Reasons for Share Consideration

At the Meeting, Shareholders will be asked to consider, and if deemed advisable, approve, a special resolution (the “Share Consolidation Resolution”) authorizing an amendment to the Corporation’s articles to consolidate the issued and outstanding Shares (the “Consolidation”), based on a consolidation ratio in the range of 1 post-Consolidation Share for 10 pre-Consolidation Shares to 1 post-Consolidation Share for 20 pre-Consolidation Shares, as determined by the Board in their sole discretion.

Comment by oilandgasman on May 12, 2023 11:40am
Greed and nothing more with total incompetence rewarded again. Never fails
Comment by hmmmmmmmm on May 12, 2023 2:21pm
Seto recieved $901,387 in compensation for 2022. And I'm not clear if that even includes his PSUs, RSUs, and DSUs... What performance in 2022 necessitated doubling his 465K sallary? That is an honest question.
Comment by Accountprince on May 12, 2023 3:10pm
hmmmmmmm...your desire for an answer on the basis of how Seto was compensated is a fair question.  However, nobody here knows how it was determined and to my knowledge none of us were consulted on this topic.  Compensation for management is determined by the BOD and is the responsibility fo the compensation committee which is a subset of the Board. I'd also love to know how they ...more  
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