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I am completely confused by this.
"Seeing Machines unveils its Occula(R) NPU"
How can they unveil something they have been marketing for over a year and have licensed to omnivision nine months ago?
They seem to be really clutching at straws if they issue an RNS because they have a new marketing video.
This is as random as McGlone's recent Linkedin words.
What is going on?
"...The BOD are massively lining their pockets with CGO shares, convertiable loan - no interest but with 2x warrants! which is around 12% of the company so effectively 200% interest to shareholders, added to that a share incentive scheme @ 7% of the company...."
I've been puzzling over this.
The convertible loan was issued at the prevailing Share price at the time. Shareholders could have bought at a lowwer price since - so no "pocket Lining" there.
The warrants are exercisable at 8p (33% higher than SP when awarded). Many Aim companies issue warrants at less than or equal to the SP. So seems pretty ok to me. I don't understand the "200% interest to shareholders" comment.
The share incentive scheme is indeed awarding shares to Management/Directors but I don't have an issue with that - it really does alighn their interests with shareholders as they keep remuneration costs reasonable low.
As I understand it there should be no impact to Coking Coal for steel plants.
The thermal coal which was a by-product here in any case may be more difficult to shift.
I think it is important to note that SEE DMS will be an available embedded option included in the Qualcomm 4th Gen stack.
This does not however mean that OEMs will be obliged to include it as their DMS choice.
It remains to be seen how many will accept the SEE DMS embedded in 4th Gen and how many will use another for reasons of cost perhaps or other preference.
It may be a very high % acceptance or lower - time will tell.
Suffice it to say it is not a guaranteed 100% uptake.
No idea if this guy has real inside knowledge....perhaps a longer term holder can confirm if he/she has previous history in being correct ( or incorrect)?
https://twitter.com/MlSTER__X/status/1437427202061180928?s=19
"Seeing Machines could similarly find itself in the cross hairs of a lucrative takeover ".
Seems just like a logical observation for the future.
Much the same as made on here a couple of times every day.....
Could this post from Paul McGlone be a softener to precede a placing to allow them take on all the opportunities opening up?
It is not long since he said they would have to pick and choose the RFQ opportunities and couldn't follow them all.
"nothing wrong with project..."
There is something wrong with the project Rob.
1/ it is in Ethiopia
2/ it is being exploited by a junior with little expertise or funding.
3/ the funding required is very significant
4/ the lead promoter(HAA) has assembled three consortia so far which have failed to come to fruition.
" Hawiah is being used as leverage to help get TK of the ground hence the update at this time and not waiting a little longer..."
Rob, I'm not sure this makes sense. The vast bulk of the finance is based on the project level. This is where the problem is - the project is having difficulty convincing investors on it's own merits.
If the project was financeable on its own merits, keeping the lights on at the company level would never have become an issue - which it certainly is now.