Spectral Medical Inc T.EDT

Question

[megatron9191]

If Baxter does end up buying out the company when it reaches 90 patients, is there a possibility that shareholders are now awarded Baxter stock (which is valued at around $30)? How does the pay out work to the stakeholders?

[oilandgasman]

Nice chart.. 87.00 bucks in Jan 2022 Baxter stock has been in free fall mode for the past two years.

[MMABStrader]

If Baxter's buyout offer is at a price of $3.00 a share to Spectral shareholders (but it is not a cash buyout but an exchange of Baxter shares for Spectral shares); and, if at the time of the buyout offer Baxter shares were trading at $30 a share, Baxter would offer Spectral shareholders one share of Baxter stock for every ten shares Spectral shareholders own, i.e. one Baxter share for ten

[Accountprince]

If Baxter is trading at $30 then yes 1 Baxter shares for 10 Spectral shares.  But Baxter's share price is in USD.  So at an exchange rate of 1.35 the Spectral shares should trade at $4.05 a share (US$3.00 at 1.35).

[MMABStrader]

I'm in the U.S. and I buy Spectral shares on the OTC. In my Baxter buy out example I was thinking of U.S. dollars for both sides of the transaction.  I was assuming a buyout of Spectral at around $1.3 billion Canadian.

[mercedesman]

Yes essentially $3 US =  $4.00 Cdn per share. And based on 1/3 of a billion shares o/s.  Makes sense, although perhaps a tiny bit low on buyout price, relative to true valuation and potential ( much is dependent on final Tigris results and mortality benefit, Eden results, etc. all of which likely impacts future PMX price, disposition of the FDA approved companion diagnostic, iDialco,

[Revten]

Very True MM. Potential will Also Be "Exceeding Expectations" IMHO And also a great question regarding the OTC Trading & Exposure etc... Thanks! Rev

[MMABStrader]

I picked the $3 U.S. buyout price to make it simple to explain what would happen in a Baxter buyout. Personally, I believe the ultimate buyout price will be between $3 and $5 U.S. It is easy to buy Spectral shares on the OTC as long as you are willing to buy shares at the ask price. In my Ameritrade account I can buy any quantity of EDTXF for a $3.95 commission. 

[mercedesman]

Thx Med...trader I was curious how much news flow on Spectral makes it there and the likelihood that an average investor might stumble upon it.  It's a difficult stock to do your DD on , not to mention the mercurial nature of Sepsis itself and the difficulty in pinning down a solution particularly using a traditional 28-day mortality RCT to do so.  MM 

[MMABStrader]

Mercedesman... There is very little info regarding Spectral that reaches the U.S.  I'm on Spectral's mailing list so I get emails for all announcements that Spectral makes.  I also occasionally vist Spectral's web site to see any new content they add to the site. I also read the Canadian chat board postings for Spectral. I was previously an investor in BioMS. I sold my

[mercedesman]

Thx MBAB You are not unlike the typical non- insider Cdn. retail shareholder.  A small number of long term ( and largish)  holders going back to the BioMS days   Very little information reaches the Cdn investment community either. And the company story, like Sepsis itself, is not straightforward nor well-known outside the ICU/ medical community  That is obviously the