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I called sell at 28p after the litigation fiasco - that was good advice. Nothing has changed. It is a big gamble now to bet on the board to deliver. I could be wrong but not remotely tempted. Where's the evidence...?

I agree. The predicted timelines for have already slipped very badly for "visibility" of orders, meant to happen before Christmas last. As I said then I don't think anything positive will happen any time soon.

In the 21/9/23 interview RE was pretty unequivocal - he said "we expect" and "sewn up by xmas". In the 5/10/23 interview he seemed far less sure, referring only to his "target". I'll pass.

There are loads of good bits and whilst a fundraise is now being progressed, it is, for once on AIM, for highly positive reasons. For the reason I'll consider whether to buy into any dips:

The Saietta Board has therefore taken the decision to seek step-change additional funding in part to underpin our current working capital and, importantly, to also generate the financial resources required to fully capitalize on the potential from the anticipated additional contracts within our sales pipeline, including the huge 2W sector in India. We are open on how best to achieve this and are commencing discussions with our key investors to get their advice, but we are determined to appropriately capitalize the business and maximise the ROI for our investors."

Plenty to chew over in the unaudited results for supporters and detractors alike - do your stuff!

Personally speaking I was hoping it would take 3-6 months!

I agree with much of what you say BigBang. I think we would all do well to place the same level of trust in the words of an AIM CEO as we would the words of a racehorse trainer......

Its interesting sitting on the sidelines trying to guess whether a SP will go up or down on news like today. On this occasion I was wrong! After 20+ years of AIM investing I do think there are rich rewards to be had if you can get your timing right but it takes a lot of watching and waiting, dispassionately. ZIOC another case in point, with its recent news, and maybe SED too (soon)

"going after other infringers was just empty talk."

HH I agree and no-one should take it seriously. It is not likely. Samsung were very dominant in this market and IMO the settlement value now established effectively makes pursuing other companies fairly pointless.

I still like Saietta and the way they have communicated both pluses and minuses. The only trouble is you cannot buy in right now during a suspension!

Ddubya, the Board has 5(?) years of cash to find a business. That, I think, must be the business plan!

Carlos, You are surely joking? That was the value of the litigation (over $1bn). The real question is "What is the nature of that risk that was taken into consideration ....?" The Directors took the decision to renege on their avowed 'promise' not to settle unless it meant full value for past sales and future IP, including other worldwide territories, and yet the end settlement value does not nearly reflect that stated commitment. The beneficiaries of the settlement deal are both shareholders and Directors, but for shareholders, at what price...? Samsung took the real business for a snip and we are now looking at pure hope value given the business has no immediate route to generating significant commercial sales. I am not at all surprised that the SP is where it is now languishes. Directors have lost nothing by settling but will hoped to have secured their futures. It is probably still too early to judge how that turns out for them.

I read the RNS but still didn't buy back in. It's my new beginning .... my promise to myself not to invest in too many risky AIM stocks. Feels a bit tough or maybe stupid that I didn't make an exception. The knack is also knowing when to sell. These days I'd probably take my money and run !

Please can someone explain what is an "exempt" public offer of new Shares...?

Lincolnite, that is a very negative spin on what is clearly a pretty standard reason for the suspension. We even knew about the ConMet restructuring and reasons for it but it should be no surprise that it changes the presentation of accounts.

Thanks for putting me right Linconite. SO I think they would release any good news during the suspension, but in their own time. I don't think it will be suspended for long though

I would think the same rules apply to publishing price sensitive news notwithstanding the suspension of trading. An RNS like this one perhaps..... ?

https://ir.ayro.com/news-events/press-releases/detail/111/ayro-ships-first-production-vanish-units-to-cruising

Morbox - good morning, thank you - and to you too!

Saietta supply compete e-drive systems and there are other supply chain companies and partnerships involved with that so the margins may not be spectacularly high - HOWEVER the potential market is utterly enormous and growing exponentially right now so if SED takes just a tiny share it will be a very profitable company. Signs are that SED will capture a large percentage of the market, rising to 12m units for light duty vehicles by 2030 according to independent forecasts. In my view therefore SED should command a healthy multiple / PE ratio. New deals with other OEMs are expected to follow.

Jolly good news -

The customer is a global OEM and one of the largest manufacturers of light commercial vehicles (LCVs) in the Indian market. The purchase order covers approximately £420,000 of systems for the first three months of production. However, target volumes indicated by the client for the first year of production is expected to generate revenue for Saietta VNA in excess of £11.2 million.

Agree with you Andrew. I am working on the basis that all the bad news is now out of the way. They have been pretty transparent throughout about revising targets for missed timescales, cash in bank, and hopefully that honesty relates to placings too. Tony Gott only said recently that a fundraise was not needed

That comment didn't age well