The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Cheers, that's a good explanation. Still trying to get my head around this trading stuff. That makes sense what you say.
Of course it's deliberate.. from the research I've gathered. Yes naked shorting my have taken place however, with the delay (deliberately) from UK shareholders shares being issued, shorts have been able to borrow our shares. All makes sense. Wouldn't surprise me if they have oversold shares right now (our shares) and hence needed a placing to pay us back.
AJ Bell update this morning. "There is currently a delay in issuance of DRS statements by the American transfer agent. Once received, the statements will be deposited with our overseas custodian, and then cross-boarded into the CREST system to allow electronic trading. As a result, there is currently a delay in the ability to trade the new shares until this process has completed."
Can't help thinking if this was set up to be deliberately slow.
Thanks!
I can’t find a news article about this $3 million placing anywhere. And why such a deep discount at $4.5
The placing was on the day they listed under new name but it was only for just over $3m
I’ve got my shares as thought which confirms to me the shorts were being closed yesterday
Thanks for the Vox markets interview link.
In the interview he mentions a discounted placing at $4.5 per share?
How do we track these news items is it just via company website or is these something similar to RNS on NASDAQ?
I swear UK markets are more straight forward even with all the shenanigans. Never again for me investing in a small company on US markets, especially SPACS! Its a jungle compared even to AIM, total lawlessness.
On IG my shares still showing as SMD
My shares are showing on my iWeb account now.
Anyone got their shares? I’m expecting them this week after shorts closing yesterday
Nsci007 (Jimzi), LibCap, DekDougan battling hard for us with relevant info. Good work lads.
Positive day yesterday and hopefully the start of a long long run up to fair value. Needs to 6 x from here at least to get there.
Rant alert: On stocktwits, the majority of people seem to be small time day traders and fly by nights flitting from one stock to another and literally knowing nothing about the company. They must just get signals and follow the flock in and out, having no idea what they are buying and selling. There are a few regular shorties on making constant niggly comments based on no facts whatsover. Hardly any of them are actually proper investors. No idea about what the fair value range is. Feels annoying how they are in and out messing with our potentially great company at such low prices all of which I'm sure could have been avoided with a more clinical merger transaction.
Anyway, positive move yesterday and let's hope for more of the same. Still waiting on shares from AJ Bell. No further updates on that.
At last, a decent rise, currently up 37%. Hopefully it's just the start
See this twitter post. Fails to deliver.
Rampant naked shorting. This is the MMs attacking us nothing we can do till they move on.
https://x.com/Jimzi1/status/1709523321899950176?s=20
Https followed by colon forward slash forward slash then t dot (actual full stop type dot) me then a forward slash followed by +CrHdenNFgY83MmE0
No spaces.
It's been formed by someone from The Hive US Markets Telegram group. Link is on there.
nah, still blocks it. try removing spaces.
**** /+ cr hd en nfgy83m me0
there's a telegram group now folks.
put https then a colon then two forward slashes in front of the below.
****/+crhdennfgy83mme0
T . m e
Without spaces
the asterixes are replacing
****
https://
****/+crhdennfgy83mme0
have divided link above to a telegram group for easier communication. link didn’t seem to send properly yesterday. i encourage everyone to join. easier transfer of information.
It's a good idea. I keep thinking, give it one more day as I expect that any given day the price could surge. Or perhaps see what happens when we actually receive our shares.
If anyone gets a response from Vincent or another person at Spectral please share to keep everyone updated. Likewise in terms of receiving shares.
Perhaps if there is no update or significant upward movement in share price by end of this week or next we could have a date in mind to act as a small group. Might carry a bit more weight than many individual requests.
They may also have started an investigation into what is going on, but companies need to be careful legally what they can say, so may take some time to hear an update. Also, the share price may suddenly correct and burn the shorts.
We need to collectively lobby the board and fill in FCA and SEC forms in relation to concerns.
Surely if easily manipulated south this can also be manipulated in our favour?!
I remain positive about the company over longer term and don’t have my life pot in this but
Nothing mentioned. I checked the investor section of their website for any updates over the last few days, but nothing so far. It's getting to the point where the stock price is so far detached from reality that it is beyond ridiculous and you'd be hoping for some sort of update. 3 weeks today that the merger took place and still no shares. I also feel that the issuing of shares to existing investors has been made deliberately slowly.
https://investors.spectral-ai.com/
I am having difficulty finding the Company's website and am wondering if any official statement has been made by the Company regarding the present state of affairs. Anyone know, please?