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Hi all. Nothing from hl yet. Tried emailing them before hols but no response. Hopefully sorted soon. 🤞🤞🤞. Has anyone else heard from them yet?
Any HL holders had their stock yet? Might be worth giving them a call today.
Yes, my take on it is that it's a $10m placing for £2.55 per share. However, as Jimzi referred to on Stocktwits, Spectral AI can control the timing and amount of any sales of this stock to B Riley and there is no upper limit on the price per share. So over time, hopefully that share price will go up significantly and Spectral AI can offer some of that stock at a much higher price than $2.55. Essentially $2.55 is a price floor. A guaranteed minimum that they will receive from their stock. It secures access to $10m of funding when and if needed. So the longer Spectral AI can wait without needing to sell stock to raise fund the better, with the view that the stock price will be much higher in time. Hopefully HL will deliver those shares and a short squeeze will take place driving the price higher very soon. Some traders with experience of this sort of thing seem confident that there this stock will run up significantly in the not too distant future.
Thanks for posting. So essentially its a placing for $10 million at $2.5 per share? 20% dilution?
If I understood correctly.
Https://fintel.io/doc/sec-spectral-ai-inc-1833498-8k-2023-december-27-19718-336
I liked the greetings from the Company wishing all a Happy Holday and "cheers for a spectacular 2024". The wording of reference to 2024 has cheered me up.
Happy Christmas everyone and a peaceful and prosperous New Year. I, too, truly believe that the share price will take off before too long with it just being a case of sitting tight being patient.
Totally agree. I rarely post on boards but when I have here people have been very polite and helpful. The only other board I’ve posted on is qbt and it’s nothing short of toxic. Thanks everyone and i hope next year this takes off. Happy Christmas and a prosperous new year.
Have a Merry Christmas everybody. It's been a great community here sharing thoughts and all inputs are much appreciated. Having seen the price action of other SPAC demergers it only takes one or two days for a complete turnaround in share price from a big loss situation to profit. One day it makes for a depressing picture and suddenly within 24 hours it can be in profit and sailing to true value. I've seen big moves of 100% to 400% on other such stocks which proves it can happen. I believe that day will come for Spectral AI and is not too far away. A lot of progress and good news could be on the cards for Spectral fundamentals in 2024 as well. So everybody stay positive and be excited for what 2024 will bring.
A lovely Christmas present to receive our shares 60% down ? I don't think so
With the upward movement in the share price today, it seems that the filing had no adverse effect as Ninvestor stated it would not and that the appointment of the new C F O has been met enthusiastically. A lovely Christmas present for the shareholders with HL if they could rightly receive their shares and indeed for all of us, I am sure.
Excellent news, thanks!
I'm just praying something moves the SP up.
Meanwhile the dirty thieving shorters (must be the MMs) are still at it holding it down. 57% of all trades yesterday were short trades.
Https://finance.yahoo.com/news/spectral-ai-names-industry-veteran-130000826.html
This looks like an excellent hire. Very experienced and should help maximise shareholder value. A person of his calibre must be optimistic about what the company has to offer in order to join. Pre-market looks like it is responding positively.
Hoping the HL holders will receive their shares soon. Thanks for the updates everybody.
Watty, that filing is very difficult to understand. Some of the people on Stock Twits couldn't really make head nor tail of the last similar filing on 7th December. Ultimately I don't believe it has much impact one way or the other. Just an administrative exercise.
In simple language, please will someone explain what all this means and the likely effect of the share price to existing share-holders.
It took at least a month to get a reply. Quite long winded but the essence of it they are still chasing HSBC. Seems faults on both sides. Not tech savvy either 😂
Thanks ehoey. I’ve got no reply from them. Probably sent my email to myself again or my dentist. So probably not their fault. I’m not tech minded. The last computer I owned was a Spectrum 128. Haha.
Just got an email from HL saying they are still chasing HSBC for the shares
I have a theory on were the shares are. In a bid to reduce their carbon footprint HSBC have employed a one armed guy to paddle the hard copies across the Atlantic in a canoe. This is a wee joke because if true we would probably have our shares.
Aye I know. Dragging on a wee bit too long now. Checked the link that Medjed was kind enough to supply and it is stating 49% shorts. I really thought they would be closing if peoples shares are on the cusp of being delivered. The mind boggles sometimes. Gla.
Cannot believe how long this is taking
Message today Friday m HL. The hsbc agent is reviewing and processing their instruction. 🤮
Thank you NIlnvestor, for your excellent contribution all of which makes sense to me. I need 6% to breakeven and shall certainly not sell below that. As you mentioned, it will be interesting to see how shorters react, especially Naked Shorters, who will have no fees to pay and as far as I am aware no time factor involved. If Naked Shorters do exist what number of shares are they connected with?
Yes, won't it be good to see the stock price trade on fundamentals.
It certainly feels that the stock is ready to rocket. We've all been patient and from what I'm reading it seems that HL should distribute the shares very soon (any day). Shorts need to buy stock to return what they borrowed. That should send the price higher as they buy, and the higher it goes above what they borrowed at, the more desperate they become to get out as they will be losing money with every % higher. However, why would current shareholders sell at this ridiculously low price, or anywhere below breakeven which would by around $6 for many. In that case of not many shares being available for shorts to buy, I'm not sure what happens. Can shorts be forced to close and if so how? It will be nice to get this short term manipulation and trading strategies out of the way and start enjoying seeing the stock price trade on fundamentals.
I have a feeling that I detect a slight strengthening in the share movement today so perhaps things are beginning to happen at long last. Surely it cannot be too long now before HL shareholders receive their shares. What happens then I really do not know because I just do not understand how Shorters operate and certainly not Naked Shorters.
Thanks for the info. About time. 🤞this week then. I wonder how the 1 on 1 meeting went with the investors. Hopefully this will be resolved and might generate som interest with the big boys. Might get an early Christmas present.