Spectral Medical Inc T.EDT

I wonder …

[mercedesman]

Paradigm was quick to release two back to back updates within one week 

All good .. except their TP remained fixed. 

I wonder if they'll soon revert back to their previous targets ( closer to $4) now that most of the past reasons for downgrades to the TP have been removed. These include: 

- poor enrolment pace,  and time distance to final FDA decision

- uncertainty about Baxter's future commitment to supporting the PMX Trial 

-uncertainty about future cash in flows ( like Baxter, warrant financing, etc.) 

- uncertainty of approval ( they are now using 100%)

- time value of money. Future cash streams are being brought forward through the improving pace of enrolment and more sites 

So shouldn't the TP pendulum start to move in the opposite direction? 

MM

[ChesterLives]

Very matter of fact, positive and severely understated like all things Spectral.

[hmmmmmmmm]

That magical $4 price target that appeared in fall of 2021 if memory serves (Paradigm has scrubbed it -so it will be tough to find).   That was right after Seto's dubious ascension to CEO. Seto used to work at Paradigm you know... and the two have made serious money of Spectral (arguably the only two). Back then the float was around 230 million shares- but now Paradigm is using 404

[SimonSaid]

https://www.alphaspread.com/security/tsx/edt/dcf-valuation/base-case $3.07/share CAD Not certain of the detail of the calculation; however, emotion is most likely removed.

[palinc2000]

Based on 278 million shares outstanding! If  you use 400 million diluted shares then you ger 2.13 cad per share  

[hmmmmmmmm]

Talk about Astrology for Men. That's a 5 yr forecast built on sand.

[mercedesman]

You won't find me criticizing your criticisms when it comes to dilution  while some dilution is inevitable, particularly for biotechs developing new treatments... a lack of fan-fare/promotion along the way invites a lot more.  Ironically analysts exist to promote and suggest targets that hopefully catches the attention of newbies that in turn results in less dilution over time.&