Share conversion17 Oct 2023 13:41
I have finally received the US share. As mentioned by my broker, holders have received 0.0969928 Spectral AI Inc (MDAI US) in exchange for every 1 existing share held in SMD. As a practical example, I had 50,000 shares in SMD, which I bought at around 43p ie invested approx £21k. I have now 4,849 MDAI US shares which at approx $2.86 = $26,170 or £ 11,425 ie down 55% or so on my purchase. Clearly, unless my computations are incorrect, the massive additional gain expected on the conversion into US shares has not happened. You win some and you loose some, will hold what I have as not in a hurry and still think with the AI furore MDAI US should go much higher over time. Time will tell DYOR