Spectral Medical Inc T.EDT

Back to our regularly scheduled program

[mercedesman]

A recent article on Cytosorbents stated:

"Following the heavy fall in price, Cytosorbents may be sending buy signals at present with its price-to-sales (or "P/S") ratio of 1.4x, considering almost half of all companies in the Medical Equipment industry in the United States have P/S ratios greater than 3.3x and even P/S higher than 8x aren't out of the ordinary"

Here's the math on what a Spectral SP would be using these quoted multiples and assuming just 40% penetration of their $2B USD target market ( low IMO) 
Figures are in CAD $ at 1.35 FX and assume 350 M shares o/s
 

Multiple P/S.    Projected SP (CAD)

1.4 X                   $4.32

3.3 X.                  $10.18

8 X                    $ 24.68

Hope this article is right about multiples - especially since this is an almost identical device  - but only one that is on the verge of proving things out to the FDA

Jus sayin 

MM 

[mercedesman]

The ignore button works wonders. Should have used it much earlier on the tree guy  !  Now down to just putting up with the HOBBS  where did Hmmmmm go BTW? He was misguided and prone to bad math, but at least he was somewhat coherent.  Anyway... Regarding P/S and EBITDA multiples, I wonder if a price could be worked out between two parties based on a reasonable

[TechOne]

My usual ratio with regular tech companies that I have owned or am looking at is usually  on avg. p/s of 3 x .  So please give me $ 10 and you can have my shares..  No questions asked.. All will be forgiven and that willl also be proof positive that there is a God..  :) 

[Revten]

MM these Ratios and Calculations are absolutely realistic and should all the ducks line up, as they should, we will see $7.00-10.00 A Share.  Oh and there are many things that are uncertain in life including what the Ultimate Outcome of Spectral Medical's Share Price....BUT ONE THING that I Am CERTAIN of is that THERE IS A GOD! And one of His unwavering laws is "what so ever a Man

[mercedesman]

Thx for that important & wise reminder/devotional good Rev . It's why I have decided that nothing good can come from ongoing " discussions" with one of our misguided friends in particular.  I hope that somehow he is able to forgive himself for past mistakes and eventually embrace the healing process.  But the rest of us must move on in search of truth &

[Revten]

Back At Ya Brother! :) I do sincerely appreciate your research and AccountPrince's input and the others that bring sensible facts & opinions to this board! And like you said " let's move on in search of truth & prosperity!" Love it!! How can I expect Prosperity to come to my home & family if I can't wish the very same to come bountifully to others! Sow right

[mercedesman]

 I hear ya.l Although 3X as a Price to Sales Ratio still seems a bit llight to me considering : 1.  CTSO once was trading well over 10X on a P/S ratio basis when people actually thought that it worked ( ie before latest study results) 2. PMX would be the first new FDA approved treatment for ESS (assuming confirmed in 3b) in decades - with exclusivity and protections.  In

[oilandgasman]

Nothing on Dimi? Pumped the Fudge out of that one, just a reminder to anyone thinking of entering the timeless vaccum called being a Spectral investor.

[ChesterLives]

I don't think it is pumping to repeat what the company and independent investigators have said: There is a 100% probability of PMX success at 90 patients, as agreed to by the FDA. That is a fact, that is not pumping.

[mercedesman]

Yes ... but.., O would prefer to convince everyone that there is another 24 months + wait before anything happens  Of course we know that will not be the case with PMX for the reasons you have pointed out.  perhaps in 24 months the DIMI opportunity can be resurrected. Some great innovations (e.g.  portability, ease of use, connectivity, etc)  - that appears to be ahead

[hmmmmmmmm]

Nov 10 2022  48 patients enrolled. Dec 14 2023  81 patients enrolled. 33 patients enrolled in the past 13 months. 2.54 patients per month. 150 minus the 81 patients enrolled = 69 patients needed to complete the Tigris trial. 69 divided 2.54 = 27 months. That is why investors who actually look at real numbers see 2+ years ahead. It's also why you are working so hard to try and

[mercedesman]

More math trickery from the HOBBS leader  here's just some of the ways where he went wrong in his analysis : 1. conveniently selects the slow period before the Investigator meeting in May when Tigris got a major shot in the arm   2. conveniently leaves out the fact that a new CRO was put in place in the summer of 2023 3. conveniently leaves out the fact that several new

[hmmmmmmmm]

I "convieniently" used the last update of 2022 to the last update of 2023. But you say the last 6 months tells a different story. So lets look.. June 20, 2023  64 patients enrolled. Dec 14, 2023  81 patients enrolled 17 patients in 6 months = 2.8 per month 69 divided by 2.8 =   24.6 months Still 2+ years..  What is your excuse with those numbers?  Are

[mercedesman]

Nice try. You still need to convert your numbers to enrollment per site per month.... including recently added and pending sites. The failure to recognize  an increasing number of sites over time renders your "math" useless ( somewhat like your skills as a poster)   To simplify things for yourself, you may prefer to use the timelines provided by JK the CMO of Spectral

[ChesterLives]

I believe that statistical certainty has already been met. They said as much in and around the Critical Care article.   So what is left to bash? Slow enrollment to date and occasionally Dr. Kellum's liking for donuts.   They are outta gas man!

[mercedesman]

I' m not quite at 100 % yet - but close.  you're right, the negative Nellie's are running very low on bashing fodder... and have to make do with limited resources and logic   JK has a donut problem ?  MM   

[BlueJays9293]

Guy's if you want yourself a little treat tonight, go to the TMX quote overview page, scroll down to the chart, then click on 1M, pause 3 seconds and just look at it, really look at it, then click on 3M, pause 3 seconds and look again. Then click on 6M. And it's just like, Wowzer. Like I'm too scared to even touch 1Y. Talk about a coral upcroping indicator. Isn't that

[Revten]

Hey Guys lots a chatter in the last couple days! MM posts are factual and sends a strong message to the  HOBBITS! Trust me these Hobbits will be going silent soon. The desperate Nonsensical Posts are showings that Fear is setting in.... A Major SP Move TO THE UPSIDE is EMINENT and the Hobbits with never be hear from No More! Actually they may actually help the SP to run because after

[BlueJays9293]

I didn't have time to read all thru your mumbo jumbo, but let me tell you, Stocktree's mom is definitely a giver. Mmmmmm. Talk bout the lost arts. Yummy. What a women Stocktree's mom was. Just a furious street alley cat lol.

[BlueJays9293]

This post has been removed in accordance with Community Policy

[BlueJays9293]

The next pause is in the low to mid sixties. You guys can argue about the minutiae all you want but when a major analysis about the results is due imminently, excitement always ensues. That's been a truism about biotechs for decades. Invest it or trade it how ever you want, but excitement will always predicate a major look at the numbers. 

[MMABStrader]

My prediction is...once 90 test participants are reached, if there is not a serious possibility that in the following three to six months that the test will be stopped, or if Baxter doesn't approach Spectral management with talk about Baxter buyig Spectral, that at the next General Shareholder meeting in June, the Board will once again ask shareholders to approve a 1 : 10 reverse stock split

[mercedesman]

Makes a lot of sense to me as a possible outcome!  MM 

[jonnieboy]

In case you missed it The probability of a certain event occurring depends on how many possible outcomes the event has. If an event has only one possible outcome, the probability for this outcome is always 1 (or 100 percent). If there is more than one possible outcome, however, this changes. A simple example is the coin toss

[mercedesman]

Intrigued by this statement  Trials are always binary ( Yes or No, excluding the odd maybe of course)  A coin toss always come with roughly 50/50 odds.  0.50 + 0.50 = 1.00 Some might argue that in the case of this 3b Trial, that by all indications " is exceeding expectations", the odds of a positive outcome are far from 50/50. Perhaps 95%/5% or even higher. Of

[jonnieboy]

Well written, good for you reminding investors a 100 % proabilty is not a guaranteed outcome. I agree the odds of a positve result are in are favor but I would not bet the farm on it. BIOMS was pretty much in the bag until it wasn"t ............     

[MMABStrader]

Johnnieboy... there's one big difference between the BioMS and Spectral tests. The BioMS test was double blinded and no one within BioMS supposedly knew what the test results were while the test was being run. On the other hand, the Spectral test is open label so senior management is getting a peek at a lot of test data during the test. When Dr Kellum and Seto use phrases indicating a 95