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The bigger problem is to get the engineering resources. I know seeing is desperately trying to find engineers / other companies, but dont feel confident they will be able to ramp up successfully in the short time
And my previous experience with contract firms suggest the budget estimate is always incorrect.
They will spend much more than management initial estimates. Not looking too good on that front imho.
Frankly this is the only area of concern i had over the past year
i wonder given the amazon and stellantis deal for electric vans, and also the fact it will rumored to have driver monitoring, will Seeing DMS end up in amazon delivery vans from 2023
https://www.theverge.com/2022/1/5/22868283/amazon-stellantis-ram-promaster-electric-van-software-delivery
https://www.youtube.com/watch?v=qZnQZ_MCbH4
Now if SEE has investors like RB, who really are not bothered about the stock price, but instead hitting the targeted revenues, would PMG feel pressure to spend money on PR?
Indeed, Randy Baron and Pinnacle are invested in Seeing Machines, and for many years now.
Here RB discusses how, they are the first to get a call when companies need to raise capital. At 38.49 in the video, he discusses how Seeing machines, and Paul called them up for raising money for the development costs SM going to incur for F150. A call for 10 mins only!
https://www.youtube.com/watch?v=lDzJZcu6-7Q
And this why i don’t expect any cranking up the PR machine. We might be lucky if Mr Musk decides to buy SM DMS for tesla, but I wouldn’t be counting on that.
Over the past three years, during which I have been part of this group, I have noticed a common concern of many shareholders –-Seeing Machines does not understand the value of PR and does not care about our pain, as shareholders. I have heard this so frequently that on a train trip from Canberra to Sydney, I thought it worthwhile to spend some time and effort to jot my views down. In crux, I agree with the later, that seeing machines is not concerned with the share price in the short term and disagree with the former, that SM does not understand the value of PR. I am going to argue Seeing machines understands that spending money on PR has a direct correlation to share price, but it sees no value in spending those millions, which it needs now urgently to ramp up its engineering resources. Bear with me as this is going to be a long-drawn argument.
I, like some others probably on this board, have worked with DMS and thus the potential of SM is beyond doubt to me. I do invest a bit in synthetic biology (SB), where I don’t have a first-hand knowledge of the engineering, and it was researching the field that I encountered companies like Amyris and Ginko (that the stock Cathie Wood loves).
It’s fascinating how similar they are to the leaders in DMS i.e. SmartEye and Seeing Machines. Just listening to their presentations, you will see what a PR machine Ginko is, and how boring and engineering process heavy Amyris appears.
Ginko has a market cap of 5Billion down from 15 billion in its peak, Amyris is at 1.3 billion less than a tenth.
Amyris did 400 million in revenue, all of it in SB, Ginko did close to 300 mill and most of it not in direct revenues from SB.
Amyris has 14 chemicals produced in commercial scale, Ginko has zero.
To spruce up its balance sheet, Ginko went into covid testing and made probably made millions there. But there is no denying, whom the stock market loves, its dreams and promises. Listen to their presentations, there are mentions to DNA app store and other future revelations, and with Amyris it’s all about manufacturing in scale, yields and product pipelines. It makes sense for Ginko to keep sprucing the markets and award shares to its founders and cash in. The path taken by Amyris is different, it is about sales, building plants and process purity. But how can Amyris survive without paying too much attention to its stock price?
And that brings me to investors like Randy Baron of Pinnacle Investments.
Here is RB making a case for Amyris
https://www.youtube.com/watch?v=zCKxUHfCoQQ
A few things he believes in
We represent 7.5 billion, that long only, which is very important so no shorting no hedging, no derivatives, we are a pure vanilla stock pickers.
I expect management will deliver, what they have promised to deliver and only way this can happen is with the passage of time.
Our average holding period is 5 years, … yes I care about earnings and yes I care about QR but I am looking for things th
Just noticed a couple of interesting job openings with Seeing Machines. Requirements engineers, one each in Canberra and Melbourne. To the few of us who understand DMS project staffing an pipelines, this is a very strong indication of a robust pipeline.
https://seeingmachines.springboard.com.au/jobs/Canberra,%20ACT/SM-1597069
https://seeingmachines.springboard.com.au/jobs/Melbourne,%20VIC/SM-1597079
Two new requirement engineers signals to me there are at-least a couple of new project pipelines about to kick off very soon.
Very confused with the wording here, what potential acquisition of new tech means. it grows more and more intriguing
1) Increasing core technology leadership
§ Speeding up development of new core software and systems features will further enhance the Company's response to the requirements of current and anticipated automotive RFQs (Requests for Quote) over the next 3 years. This will be achieved by increasing external technical collaboration, including the potential acquisition of new technology capability to accelerate the Company's current go to market strategy.
If you look at the history of QC in mobile handsets, its always to drive future standards at a fast pace, that competition doesn’t stand a chance. Ask ericsson and intel and renessas why they lost to QC and the answer is ever changing standards to fit QComm patent portfolio. The 3G standards are essentially a QComm wishlist