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Thanks for that NIinvestor. Glad to get them too. Just waiting on a few I had with HL. Big hit so far but like yourself I'm confident in this company. Don't understand all the shorts business but the sooner they leave the stage the better 🙂
Great to see you're all getting your shares now - I've had mine for a while and have grown accustomed to the hole (temporary, I hope) in my pocket where the value all fell out!!
If I'm honest I don't quite understand (thanks to the conflicting info on the Internet) how Shorts work but I'm buoyed by the feedback, comment and optimism on here - It would be good to see some swing back in our favour given the poor efforts of those who have held our shares whilst we watch them bleed almost dry! GLA
Glad you got them ehoey. Hoping the rest of the brokers follow swiftly. I'll be so glad to get rid of these shorts. Jimzi mentioned on ST that they will have to close by late November / early December. Hopefully there will be a big jump upwards to double figures or thereabouts when that happens and then it will be good to finally enjoy trading on company fundamentals rather than market manipulation.
Got mine too from AJ Bell
Yes, I've just checked and I've got my shares now in AJ Bell. About 50% down and that's after buying some more post merger. Glad I've at least got the shares now. No regrets in investing in this company which has very strong potential. Just a poorly executed transaction. Hoping the share price can bounce back quickly.
AJBell have issued the shares today. I’m 63% down, yay!!
II have advised me today that they have received my shares in statement form and they are now doing the necessary work to complete the process. Things are moving!
Desperate shorts back on the attack.
Friday 10th Nov. short volume 83% of all trades
Monday 13th Nov. short volume 75%
Funny that they ramp it up just before and on the day of positive news.
https://fintel.io/ss/us/mdai
Some great work here. There is an MDAI dedicated telegram group.
Is everyone here on it?
Same reponse from HL and similar from II for me. I pursued with SEC/FCA. Ombudsman sensible step at this point. Also waiting for further input from red mist.
I was a big advocate of action in numbers rather than individual cases but didn’t get much uptake for it…
I am with interactive investor and my shares haven't landed yet.
From reading Stocktwits site, somebody (maybe someone who is here too) mentioned that Interactive Investor shares have landed. Not HL though and I'm still waiting for AJ Bell. Will be interesting to see if this impacts the stock price today in any way. Also, watch out for after hours when the third quarter results are announced. Hopefully the announcement will give a strong picture.
All that matters is there's a 16m share naked short that can't close on current volume so when those shares hit...
HL are trying to absolve themselves of responsibility. They chose to use HSBC for this process and that has cost shareholders a lot of time and money. As the shares have not been delivered in a timely fashion, shareholders now have a case for legal action and compensation in my estimation. I suspect it is a case that shareholders would likely win if they are willing to see it through.
Quick update for those interested. I spent an hour this morning filling my complaint with the Financial Ombudsman Service. I have never had to use them before thankfully, but will keep this board updated as things unfold. All part of the journey now I suppose, so chins up, and lets see where the rabbit hole goes!
Received the message below - Now filling with the FCA
I’m writing further to your concerns raised regarding an ongoing merger of Spectral MD Holding Ltd into Spectral AI. Specifically, I understand you are frustrated with the length of time this merger is taking and the inability to trade these shares. As a result, you feel you have been impacted financially by the fluctuation in price of the stock.
At the outset, I sympathise with your frustration you have experienced due to the length of time this merger is taking. We take pride in providing a high standard of service, therefore I’m sorry to learn of your dissatisfaction in this instance.
I feel it is important to clarify that we expected to receive the shares through CREST which typically take 3-5 working days. The shares were unfortunately sent to us in Direct Registration Share (DRS) format. We are unable to process DRS shares without involving our third-party global custodian HSBC. We must first transfer the shares to HSBC and then back into CREST to facilitate trading of the stock. I appreciate this is a frustrating outcome that has led to a substantial delay for you, however, we are actively monitoring this transfer and hope to complete it as soon as we can.
At present, HSBC have rejected our first attempt to complete this transfer on 27 October with no clear reason as to why. We have since responded to query this further and are currently awaiting a response. I can assure this event is being treated as a priority and we are keeping in contact with HSBC to ensure this merger is completed as soon as possible.
Whilst I do sympathise with your frustration, and after viewing the communications, I’m afraid I cannot agree this delay is due to negligence from HL. I understand that the fluctuation in share price of the new holding on the NASDAQ is putting you in a difficult position and I can assure you that we are proactively chasing. Unfortunately, we are reliant on HSBC, and this is out of HL’s control. Our Corporate Actions department have provided a contra line on to your account in the meantime and confirmed that we will contact you once the tradeable Spectral AI Inc shares have been applied to your account.
Taking the above into account, I recognise that this is a frustrating outcome and you are being kept out of the market. However, I am satisfied that HL have acted proactively in chasing this transfer, and we were not made aware at the offset that we wouldn't be able to credit you these shares via CREST as we normally would. We hope to facilitate trading in these new shares as soon as possible.
While conscious that this response may be disappointing, I hope the above clarifies our position. If you think that I have misunderstood anything, please do not hesitate to contact me. I have attached a copy of our complaints procedures for your reference. This can be accessed via the link below.
I'm filing with the financial Ombudsman next week. Will update accordingly. They have a good success rate with this sort of thing apparently.
Reported to Fca yesterday, told HL that they had my money and I want it back...same excuse blaming it on HSBC.
Although I have attempted to read up and understand how Shorters operate I remain confused so I very much rely on comments here from more experienxced investors than myself.
Obviously, we do not know if and when we will receive our shares but I am wondering when we shall see a reduction in the "16 million shares naked short term" and what effect it will have on the share price.
Unfortunately, I shall be unable to watch the presentation next Tuesday when I expect some important questions will be asked and discussed so, please, if anyone is able to place interesting points on here it will be appreciated greatly.
Thanks for pushing!
Good result to get a reply!
I’m guessing they cant deliver because of the 16 million shares naked short from 19 October done in desperation to push the SP down on that good news day.
I hope HSBC weren’t involved in that disgusting manipulation.
Will keep pushing- that’s me
Received the same message. HSBC failed to deliver and gave no reason why 27/10. For what’s it worth and as a HSBC account holder I emailed the HSBC head honcho and Cc’d the CEO and CFO of HL.
Got a reply from HL this pm from their CEO liaison.
Apparently Dan Olley is aware and they are now liaising with their contacts at Director level within HSBC to investigate this further. Will keep pushing
I agree. Did you hear back from them?
As HL acting as a broker don't give us our shares and try blaming someone else I personally will be taking them to court.
Just heard from HL.
Received shares in DRS form. Have to go through a 3rd party which is HSBC. Tried on the 27th October but HSBC rejected it with no explanation. HL have asked for an explanation. HL saying not their fault. If it gets transferred from HSBC goes to crest then tradable. Thoughts?