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I bought 2000 shares today no problem, so it’s not lack of availability.
It’s one of those rare moments where you know the company is worth multiple times the share price, is absolutely financially sound, and is in no danger of diluting. Happy to top up and hold until the market realises the opportunity, or someone buys us
Today's action was only on a volume of around 407k shares traded.
Isn't that only around 2.5% of the total float?
I think things will be much better on a healthier volume.
IV contacted the fca for what it's worth, IV also messaged the company and of course IV had no reply..
Market cap now $49M. That’s less than #SMD alone was, before the merger and before the $149M BARDA contract.
This is nuts. How was this not envisaged by whoever planned the merger? How incompetent to leave your company and shareholders up to such market manipulation?
What is it, low float? Opening price way too high? Not letting #SMD holders access their MDAI shares over 2 weeks later?
Reaction who wants?
That’s exactly the reaction they want. Your loss
I'm neither impatient nor panicking, I just can't hold onto a stock run by people I don't trust.
They have not made our shares inaccessible for our benefit Medjed and the current price action should tell you that. In fact our shares being in existence but not being in our possession or tradeable makes life easier for shorters, not harder.
Exactly this is no time to be impatient or to panic. Contract worth 3x current sp.
Perhaps there is wisdom in the slow method of transferring the shares. Perhaps they knew a de-spac gets attacked by shorters in the first few days and if panicky PIs had control over their own shares in that early volatile period they might panic and be cheated out if their shares & their money.
What we're seeing this share price do likely has little to do with shorters.
It's not in any company directors or insider's interest to bring down the price.. its simply not gained traction yet snd shorters are capitalising on the low volume. This will be down one day and up 20 dollars the next.. its a ticking bomb. Not worth selling now for anyone.. they have won a very large commerical contract and have other funds to back up their value. It will take time to gain some momentum.. be patient and the fruits will come... I'm sure of it.
3.2 now. Way undervalued and still sinking.
There sone bizarre manipulation stripping this company, a company which on paper and in the eyes of the US government too, are top level.
Might have to scrape a bit more together to get my average down.
I had a good feeling about this and I felt the people running it were decent, but I have to hold my hands up, I got this completely wrong.
This is a prime example of a board putting itself and it's own greed before it's shareholders to an extreme degree that I've not seen for some time, and I've seen some shzithouzes.
This price action is not normal and stinks of the dirtiest and most dreaded word we can use in this game. What have these crunts done? I'm sure we'll all find out in the fullness of time.
This one is a write-off for me now and I shall be selling the moment I get the chance to. I have no intention of being led around by the nose by these jokers for years and clinging to the hope they're telling the truth that particular month. I'd rather spend what's left, if anything, by the time I get my stock on a bag of chips, a pint and a far more civilised afternoon at Ladbrokes.
Cheers Jimzi. Yes, I've def no doubt about the company quality and was in for a medium to long term hold anyway. Just frustrating not knowing what's going on with the market today. But as you say, the market always gets it right in the end, so onwards and upwards. Great to see confirmation of the contract even though we all knew it was a given. Company fundamentals should be the main thing in mind now, looking past the shorting and manipulation in the short term.
Game changer. Crap start though, now let see the recovery.
At least they can’t tree shake us out of our shares, because we haven’t got them yet! 😆
That’s a fail in their logic.
So maybe not getting the shares yet is a good thing.
I hope the shorters get decimated
Yep, defies all basic investment principles. I’ve no idea how it’s trading apart from the current small float has been hyjacked, shorted to cook and creating big fear sentiment. Market mechanics do prevail but with this savage trading, some will sell too early.
The co is not a dud, far from it - it’s a world leader in the field. As everyone is locked in, the gremlins can play with a frenzy. But having the Us gov endorsement ( again) is louder than 2 weeks unique ( float wise) trading.
Hold tight imo - I know you have no choice. I added 1k at 3.39👍
I sincerely hope it won’t go into the 2s
What a train wreck!
And about to drop into the 2’s
Topped up, the news should leak out soon
Having phoned HL, such as other trading companies, they are awaiting STILL information from HSBC in order for us to trade the shares on there platform. They told me it could be weeks before we are able to. Joke. For the time being we are trapped to ride whatever comes our way. Looks like a long to medium term hold regardless of what goes on.
Pray to God we get some traction and volume soon.
Barda contract won but unill we get some volume we won't see movement upwards. We need some more new coverage.. hopefully slowly this will gain traction over the next few hours 🙏
Yeah, this just feels very wrong. There is something going on behind the scenes here. How can a stock that was already way undervalued announce that it has just won a US govt contract worth double the current market price and be down 5%!
Jimzi.....any insignts into what may be going on? If you're still watching here.
"With this merger, you should double your money" = halved it.
"With the BARDA contract, this share will more than double" = Went up, people cashed in for profit, share price went down.
This news of a $149M contract, should not see the company SP back to where it was prior to opening. Someone somewhere, has been part of rinsing half of this companies and shareholder value.
Down to £55M market cap after merging? Very strange for nobody to have envisaged this when the merger was planned and orchestrated.
Hard to make sense of it. Must be manipulation. The initial $55m alone is around the same market cap as the company currently! Trying to see what these SPAC traders on ST are saying as they will have seen numerous of these. Seems to be consensus that news isn't properly out there yet, so hoping for a big rise still today and the coming days. I've signed up with Spectral AI for investor news alerts and still haven't been sent anything yet news is out there. Also, some of them saying the Institutions may come in soon which should shift things along.
Looks like huge buys on the news, then people took this sudden massive rise in SP as an opportunity to cash out and make a quick profit.
What's naff here, is the number of shares not active at the moment, making the float and market too easy to manipulate.