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Seeing-2020, absolutely!
The share prices set up for PG's performance three years ago were widely acknowledged as being too low at the time, and hence, there was now real challenge for PG.
May
Maybe if they have been set higher and more challenging our share price would be stronger today, despite the global issues that have occurred hitherto.
I would rather have the 12 million options and the 5m "performance related" shares.
The scheme should motivate Paul to create shareholder value
Would you rather have 5 mil free shares or pay for 12 mil?
Tough question...
Cmon SEE, show us those juicy contracts!
Mats - don’t forget though that in 1st July 12m options drop into PMGs lap at 4.41p to be exercised any time over the subsequent 12 months not too shabby a bonus for starters!
It's not PM actions that have resulted in the SP being at these levels. The company has done nothing but sure up its IP and increase it's market share in this burgeoning industry to the point where it looks like it will dominate DMS worldwide. Fleet and aviation will be a bonus. External events mean the SP is where its at and PM will be the big loser here missing out on the vesting shares unfortunately despite doing an excellent job as CEO.
Paul is doing a great job yes, but those targets have been put in place for a reason, to keep management aligned with shareholders.
To rip this up and start again is a cruddy thing to do to LTH's who have their life savings vested in this little known company.
I'm all for Paul getting his due rewards, but I also want to see results! Canon Paul, show us the money and earn that Brucie Bonus!
We will definitely see an increase in cars in the road and revenue. It'll probably be in line with expectations but the very fact that it's going to be a decent lift in numbers and an ever developing upward trend should start to lift prices in the medium term
All those items you list should cause the share price to increase, and like all the LTH on here, I do hope we get some concrete news soon.
PG has mentioned increasing shareholder value has one of his goals in a number of interviews and RNS releases. We are now coming towards the end of another financial year, so we really do need some news and some numbers to show where we are this financial year and where we are going.
If we get to 15p-20p by Fri we can all vote lol
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Realistically , for our SP to rise materially we need either /or-
1)A trading statement saying we are substantially ahead of expectations-which is unlikely with view to continued supply chain issues in Auto & retrofit having installation constraints
2)Major RFQ wins to be announced taking our initial contract value to substantially higher levels
3)Fleet OEM deal involving substantial numbers
4)The long awaited major Aviation deal with numbers
5)An unrequited low ball offer
I am sure that if Pauls current options expire that new ones will soon be issued to ensure that he will be well rewarded for our prospective success & to keep him motivated.The general consensus is that he is doing a great job but we now need to see that reflected in the numbers for our SP to move towards broker targets, ie 15-20p
One day down and still lagging under the vesting price, Tick Tock Mr Mglone...
A lot of conjecture around the share incentive plans and the likleyhood of hitting certain SP targets. Whilst it’s not impossible perhaps via a couple of $100m + RNSs I don’t believe it will be driving PMGs behaviour to the extent others might.
This because whilst he might lose 5m shares at nil cost if we don’t hit 9.6p , on 1st July 2022 12m shares will become available to him to exercise at 4.41p anytime over the subsequent 12 months.
Take a read of this RNS released Sept 2019 with all the details :
30 September 2019
Seeing Machines Limited
CEO Long Term Incentive Plan
Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), the leading provider of AI-enabled driver monitoring technology for improved transport safety, advises that the Board has invited Paul McGlone, CEO, to participate in the Seeing Machines Employee Benefits Plan ("the Plan") and has awarded rights in respect of a total of 37,000,000 ordinary shares of no par value in the Company ("Ordinary Shares") as outlined below.
Pursuant to the terms of the Plan, rights in respect of a total of 25,000,000 Ordinary Shares have been awarded to Mr McGlone as part of the Company's Long Term Incentive Scheme. These Ordinary Shares will be issued at nil cost in five equal tranches commencing on 30 June 2020 and annually thereafter (the "Performance Date"), with each issue conditional on the satisfaction of key conditions including target share price performance prior to each Performance Date.
In addition, Mr McGlone has been awarded rights to acquire 12,000,000 Ordinary Shares as part of the Company's Call Option Scheme. These rights will vest on 1 July 2022 and will be exercisable at any point within one year at a price of 4.41 pence per Ordinary Share, being the average daily VWAP over the 5 trading days to 27 September 2019.
I see Paul achieving his bonus as another way management can show how much they value their share price.
GLA & DYOR!
I am not saying it is impossible, because we all know AIM companies can move 100% in a day if there are some big announcements.
And as we all know, SEE is a company with real assets/IP that are required. It is also the market leader.
The day is fast approaching where we rocket but we have to be patient. Its sure coming though. My hope is that the cumulative impact of contract wins will prove to be too overwhelming for the market
David
Could be an interesting 6 Weeks. Every day at 7p then needs a day at 12.2p for the averages to work.
Iam just hoping news coming on a regular basis. Qualcomm announced a fair bit last few months, so with contracts lagging behind Qualcomm signing by a few months it could be a great 6 weeks.
If ever you will want to sign all those contract extensions on top then the next 6 Weeks will be the time to put pen to paper.
Just wish i had a time machine to get to July and look back what the average was :)
The share price closed today at 6.98 pence. Just to get to 9.6 pence it will have to increase by 37.53%. Then this average will have to be maintained for 30 trading days. Obviously, every day that it does not reach 9.6 pence, the share price will have to go higher than 9.6 pence to maintain that average. In the current market conditions this seems to be a tall order, unless there are some very special surprises or announcements to be made.
If PG wants his bonus, then the weeks to the end of June should not be dull. However, PG may not be concerned about his bonus since any take over offer in the near of far future will surely include an agreement to ensure that he gets all his bonus, and probably more!