The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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.
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.
Https://www.stocktitan.net/news/MDAI/spectral-md-awarded-barda-project-bio-shield-contract-valued-at-149-b3tcoqu32kgj.html
Is this a different contract to the $400m one? This one is for $149m
I'm not sure of the technical reason they halt them. New to me. But it's a good thing. I've just noticed since tracking this that when other SPAC listings fly up they get halted and then trading resumes again. Nothing to worry about, in fact the opposite. It's a good sign.
I'm seeing news filtering through on ST that we've won the BARDA contract. Shares up 12% and halted.
Nice find.
"The RFP couldn’t align with Spectral AI’s solution more if it tried. " Excellent.
The more articles the better.
Yes, agree that I also picked up from the general vibe of the chat that BARDA contract should be a done deal. Positives are that Wensheng seems to be a good speaker and got the company and it's products across well. Tells a good story and seems genuinely passionate about the business. I came away with no doubt that the company has a quality product for both burns and DFU which is a growing market and with many other potential areas to expand into. Spoke highly of BARDA so keeping that relationship well intact. I was just disappointed not to hear of any updates around the timing of the BARDA contract decision or anything about how the listing has gone.
Hopefully this first chat will be the start of getting Spectral AI on the map. I think the stock price will definitely shoot up to double digits. Just needs more PR and the contract win. It’s frustrating with the messy transaction and share delays, but as Charlie Monger said, money is made not in the buying and selling, but in the waiting.
As a side note, there was another SEC filing today, Erich Spangenberg receiving his shares, the biggest shareholder.
SP is back up positive after hours again.
Still haven't received shares on AJ Bell. They say because Spectral AI want to do it in book entry form, AJ Bell have to wait for the documents to be posted to them before starting things from their end. They can't give a timeline. May be a similar process elsewhere so don't how many have actually received shares yet. I wonder if book entry was a deliberate tactic for some reason, rather than electronic.
Found it....
https://sam.gov/opp/3914b46dd6f740d39527560233343a3d/view
It doesn't seem to give an award date. It just says proposals due by 1st September.
I just saw it from someone called LibCap on Stocktwits. Obviously not an official source, but they say it should be awarded at the end of September and they have a link to the Barda site. But once there you need to know the code or number of the contract to be able to see anything. Maybe the fireside chat on Wednesday will offer some insight. I'd like to know for sure as well about timeline.
Haven't received my shares on AJ Bell yet, but looks like it is now tradeable.
Good to see a fireside chat in NYC lined up for next Wednesday 27th September. Maybe we’ll have contract news by then? I read somewhere that it is meant to start on 29th September so should be getting news soon.
https://www.stocktitan.net/news/MDAI/spectral-ai-to-present-at-2023-cantor-fitzgerald-global-healthcare-uvwp2qna5kvg.html
All PR is good to heighten the profile and spread the word.
Agreed. Not the way for a company to endear itself to shareholders. It seems to have been carefully and somewhat deceptively planned whilst insiders can pick up shares for around current prices with their options. 10.31:1 instead of 8:1 is a significant difference.
In saying that I still believe in the company's potential and hoping for the BARDA contract soon which I saw as the safety net in case the merger didn't go as planned. We should all still make significant profits if we look past the short term shenanigans. But yes, extremely annoying to have been in before the merge, see the SP as low as it is now and not having received shares over a week later.
Next step is to receive the shares and look for the BARDA contract. Expecting SP to rocket on that news.
Nothing from AJ Bell yet. Last message from them was 7th September outlining the process of stock receipt , but no timeframe given. It just said there would be a delay in ability to trade the shares until process is complete. Sounds like the method that Spectral AI chose (book entry form) for receipt of stock is a bit longer than usual. I’d expect them this week though as it sounds like HL is underway.
Yes, this contradicts the SEC filings which was 8 SMD shares for 1 MDAI. So instead of $1.25 per share it would be $0.97 which is 22% less. There may be something different for this guy's shares as I can't see it varying by such a large amount from previous communications.
An 8K was filed tonight and this is the accounts immediately post merger. Too late at night to be going through that.
https://www.sec.gov/Archives/edgar/data/1833498/000121390023077038/ea185228ex99-4_spectral.htm
Have a good weekend all. Should be more fun next week!
Yeah, still can't trade it on AJ Bell either and I haven't even received the shares yet. Will this have any impact on the shares once things return to normal? Hopefully just short term noise. It is frustrating to see it so low though without being able to buy. I'd say once it's tradeable there could be an explosive move upwards.
Jimzi is that you on stocktwits as Nsci007? Gotta be Jimzi with the writing style and the trademark "penny dropping?" phrase. Educating the shorts, so good to see. What do you mean about de-listing below $4 though? Is that just winding up the shorts? How do you see the situation playing out so far? Missing your posts.
Brooko19 and Medjed are exactly right. These people will literally say anything to try to get you to panic sell. It’s a matter of keeping calm through the first few days until proper trading and investing starts and the reward should be epic. And we all know the contract is imminent which is going to burn the shorts. Most of them don’t even know anything about the company. We’ve all done thorough research and know it’s a quality company.
Ok, seems in the past and people know about it. Shouldn't have any impact.
Just saw it on another board. What does this mean for Spectral? It's dated May 2020 too.