I was a bit sceptical of the MOU as have been burnt in the past by similar sounding agreements but the Caterpillar deal was excellent and why I invested originally. Fingers crossed.
As a long term holder I definitely still think there’s still a strong possibility of a placing if a lot of contracts are won and need to be funded. You don’t force all employees to reduce their working week if things are all rosey!! Hopefully with the 3 pillars / licensing agreements that will shift the cost of investment on to the partners though. Regardless at some point I’m pretty confident Seeing will be taken out at multiples of current price. You have to be in it to win it!
Given track record, lack of big licensing agreement and impact of pandemic I find it hard to believe we are funded for growth prospects, hence now is the time to consider take over.