RE: I like this Seeing Machines as it will give back27 Jul 2022 14:41
My beef with see is that they kicked Mike out the door because he wanted to bundle the company up and sell it....i believe he would have acheived 25-30p at that stage.
That was in 17-18 and there are 4 to 5 times the shares in issue now so see would have to sell for 1.5b now just to be on par with it.
The bod done this so they could enrich themselves in the intervening years which they have done so handsomely by regularly paying themselves eye watering bonuses and key recognition shares at Nil cost....at 10m each at a time thats not small fry, its a moneygrab at the expense of shareholders so would you really trust them now.
Its ok them sitting in their plush offices on 25k a week saying how good they are doing but they have spend a good few hundred million getting there and as it stands there is no clear pathway to profitability that would enhance the SP sufficiently that made the gamble wothwhile to shareholders....although fair play to those who went large when the sp was rock bottom, the bod would claim that to be a success no doubt.
Their salaries are far too high, their bonuses and share awards are obscene and their performance concerning but dont say that to the ramp crew.
Hollistically they will struggle but i will be keen to watch:)
RE: I like this Seeing Machines as it will give back27 Jul 2022 13:41
My point exactly......the company is a financial disaster!
And if you ever wondered why these fancy sp projections given here by the so called long term holders can never come true then have a think about what these analysts are predicting and how that is factored into the longer term.
Your invested to pay a bod a fortune while in 6 or 7 years time they may have something tangible that they can sell for the same sp as today or as more likely not even once they have done a number.
Matching up see v afc.....is like putting up a pub pool player v ronnie osullivan.
There is simply no contest, afc have far far greater potential than see, i would say probably outstripping on a ratio of 25:1
Anyway, this is the see board and it was you who brought up afc so keep on point please!
Can SEE stave off the threat of tobii...TLS seems to think so but he has went alone on this one and not fed off chucky's hard graft so i presume someone at SM has given him a nudge to ramp things up a bit!
Maybe the BOD are getting worried about the competition after all and that chat between Nick and Paul was not as comfortable as it looked............PMG you're fired!!!!:)