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Tried to access but couldn’t get on telegram (showing my age).
What else can it really be except shorting if large majority of shares still not available to sell?
And is anyone on the Hive Collective telegram group?
They apparently had a discussion after the fireside chat.
Some people on twitter are saying its a short attack but I don’t know how true that is or just a rumour.
Is anyone here on wall street bets?
You can look up short interest on several sites. I couldn’t find any up to date ones.
On nasdaqtrader on 15th September short interest was 32,998 (is that number of shares?) and up by 1240%
So looks like the shorters did pile onto it unfortunately. Not sure if they are still here but seems like it from the SP action.
Can’t be helping that UK shareholders can only buy and not sell, myst create an imbalance of some kind.
Surely it has to rebound once the shorters have moved on?
I just really hope it doesn’t go any lower than this.
Can’t believe some whale hasn’t seen the opportunity to jump in here and squash the shorters. Company seems to be working on a top product and the government likes it, essentially Star Trek like technology :)
And $55 million cash funding coming in, higher than current market cap!
So to my mind it has to be the shorteres.
Is there not strength in numbers as a body of concerned holders? Surely there is about 20 people active here.
I’ve already emailed separately also.
Yep I recommend as many people email the only way they’ll take notice, I emailed Vincent last night waiting for reply, I told him if they not doing a placing and it’s due to manipulation they should be reported to FCA
Tell them how you feel,I have.
It's hard to believe that whoever organised this SPAC merger had no idea what would happen with such a low float and with SMD side shareholders being forced to sit on their hands for weeks, without being able to have access to their MDAI shares.
This is not a fair and free market and someone would have known this would happen. A good $50M has been stripped from a company during what should have been a boom time with the BARDA contract. It feels UK SMD shareholders are the ones being royally shafted here.
I'm not putting any more in until we see this clear manipulation and asset stripping is resolved.
The company will be obliged to communicate with shareholders. It is always going to be volatile in a small company that is still relying on contracts in early stages IMO.
What would be an example of gross treachery from within?
What about forming a WhatsApp group for more streamlined communication between ourselves in the first instance?
It all depends who's manipulating it and whether the manipulation is coming from the inside, outside or both. The current situation suggests we may have invested in gross treachery.
First step, coming together as a group and discuss. I don’t have a financial background so don’t know exactly why it has happened in a company that is only reporting good things.
One positive could be looking at how we promote the company on various platforms e.g. twitter, Reddit etc. Why can it not be GameStop 2.0? It’s being manipulated the wrong way, let’s manipulate the other way.
How can we change things? Most of us still have no access to our SMD converted shares.
I have some MDAI bought post merger, but have a terrible feeling about this.
How can it continue to be abused after a $149M deal is signed? Isn't it time the share was suspended until this is sorted out? It's leeching value out of the company for no reason other than greed and abuse of the market, which is not a free and fair one due to the large number of shares still tied up in red tape.
Or to rally multiple sharks. Plenty of smart people here have invested, we should look to garner more support and change things ourselves.
900k worth of shares ? That's nothing.. we need some Whales to start coming on board.
Vincent has been very good at coming back quickly previously. Is there any merit in coordinating communication as a body of shareholders and finding a solution out of this?
I contacted the IR and Wenshang but had no reply from either, the drop is one of 2 things a placing is trying to be done or it’s the Spac shorting.
I voiced my concerns has to the way us uk shareholders have been treated, why the share price was been so blatantly manipulated.
What did you ask him?
So from that we can gather they are probably still working on something which is likely what's causing the collapse in share price.
IV contacted the company and finally got a message back from a Vincent Capone saying he will contact me in due course, let's see.
So for someone with no financial background. How many people and how much money would it take to reverse the slide? I know it’s doable with communication in the right places.
I won’t be putting any more in until I know wtf is going on here.
So far, U.K. investors have been 4rse raped.
I’m about 2/3 down and falling.
Https://blog.trystrikes.com/de-spac-squeeze-what-3a1ce4b50079
"b) De-SPAC short-squeezes can happen more often.
A “classic” short squeeze happens only when there is a high number of shares short-sold (a.k.a. short interest).
For a de-SPAC squeeze to happen, the short interest does not have to be high at all. In fact, some SPACs (e.g. Locust Walk) that experienced a de-SPAC squeeze had a negligible amount of short interest."
If there are enough of us. According to MarketWatch public float is 458k shares. Current SP is around £2 so that's around £0.9 million worth. So we need to mop up as much of those shares as possible and hold onto them.
Can we just game stop it?
I entered this week. should have waited!
but i like the science - been reading the old papers, they make more sense than the sp movement.
but i have seen US tech stocks go bananas - both up and down and back again.
so....let us see.
the science seems to be good. that usually carries everything along with it.