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Baxter, it's pages 6-8 here:
https://www.seeingmachines.com/wp-content/uploads/2019/10/Notice-of-Meeting-Seeing-Machines-Limited-28-10-19.pdf
If he's terminated at any point though he gets all 25 million if the Board says so (history suggests they will...)
I wanted to but can't make it unfortunately. Hope whoever attends grills them - stir up some negative sentiment to get IIs to vote against the awards and get the Board to engage a real investment bank (not Rudy's noname shop in the US) and sell the company. Only way thankless shareholders will see a positive return before 2030. To think I actually though this could hit £1 once upon a time...
30 day VWAP-based. All he needs is an annual pump and dump and he's golden. If all else fails, wait to get sacked and he keeps them all.
As for Nick, lest we forget the presumably pie in the sky auto revenue forecast he gave Mike and Ken for use in the shareholder presentation that helped jumpstart the huge rise last year pre-TFD (that presentation conveniently not available on the website anymore). He hasn't delivered against that but gets several million free shares annually as well!
SEE - need any more management hires? Just 5 million free shares for me per year and I'll come in as Chief Bull**** Officer.
And Paul has the audacity to suggest we should think of the staff! Last paragraph in his shareholder letter:
We are proud of our team, now
boasting more than 250
employees globally. Seeing
Machines has certainly evolved
over the past 19 years and we
expect that the next few years will
be truly exciting, where many
years of hard and often thankless
work, will start to pay off.
Thankless!? The founders and successive management team have burnt shareholder money since 2006 (repeat 2006) on poorly executed strategies set by founders and successive management teams (wealthy teams with free shares I might add). Only thankless people are the organisation who don't understand what Return on Investment means. No commercial aptitude - maybe Paul should share his free shares with the team and stop asking us greedy shareholders to think of the team!
DMS referenced here:
http://qiniu-cdn.minieye.cc/product/source/MINIEYE-M4-Product-Manual.pdf
And scroll down to new function here:
http://m3.minieye.cc/?lang=en
The total at the bottom went from showing 2 Awarded to 1 Awarded and Customer 8 is no longer showing any shading for DMS (but now has shading for Radar). Could be a loss of the Byton DMS contract if correct.
Veoneer suggested at Q3 2018 2 awarded DMS contracts:
Q3 2018, Page 4:
https://vp283.alertir.com/sites/default/files/report/vne_q3-2018_slides.pdf
But at the end of 2018, only had 1?
Q4 2018, Page 6:
https://vp283.alertir.com/sites/default/files/misc/vne_2019_naias.pdf
Fédération Internationale de l’Automobile (FIA) is a consumer body representing 107 Mobility Clubs and their 38.5 million members from across Europe, the Middle East and Africa. They have announced their Policy Position on the General Safety Regulation.
https://www.fiaregion1.com/wp-content/uploads/2018/06/General_Safety_Regulation_Revision_FINAL.pdf
Specifically, on Driver Drowsiness or Distraction Monitoring, the view is:
"FIA Region I is against mandatory introduction if it is a purely informative system (for example, a coffee cup is displayed at regular intervals)
* Compulsory introduction is only useful if mature fatigue detection becomes available (not just a stopwatch function) such as those systems equipped with steering pattern monitoring or vehicle position in lane monitoring, but not with driver eye/face monitoring using an in-vehicle camera watching the driver's face (privacy issue)
In addition, the result of driver monitoring should influence the sensitivity of the emergency assistants (AEB, LKA).
* Continuous monitoring of the driver (e.g., via camera) should be prohibited when approving the system"
I'm a LTH but will be interested to see how SEE and others can satisfactorily address the privacy concerns. Appreciate previous posters saying trucks / fleets can have continuous monitoring / data recording and that the general public's vehicles won't due to privacy concerns, but nevertheless, an interesting view being made by FIA.
Thoughts?