Member Info for isb1974

They need both contracts and cars on the road kpi's - if SEE don't ink some new significant contracts soon then the KPI's will stall at some point in the future, probably as soon as 2026.

What has happened to the 2bn pipeline?, new contracts through Qualcomm, Valeo, Magna, Omnivision and all of the other partners we are working with and the numerous RFQ's for the mirror and 100,000's fleet deals? Where is the demand for all new trucks, lorries, cars, vans, buses etc to be legislation ready within 23 months time?

Why has PM gone so quiet on this - he never mentions the size of the pipeline anymore, the no. of RFQ's that are in progress etc... how many inflection points and "this is the year for DMS" can we have? I've lost count already - no wonder II's aren't seriously investing in this space yet, it's all jam tomorrow from both SEYE and SEE.

Something is clearer stalling the process and it would nice to be given an honest answer as to why things are so slow.

At the moment investors can't see anything past the circa 300m order book which quite frankly is rubbish when spread over multiple years.

Until we get an order book in excess of 1bn across all verticals then this will bounce along at 5p. It's time to see some of this promised pipeline and ROI with our partners such as Qualcomm or a good explanation as to why not.

This from a very knowledgeable SEE investor who i have spoken to

He fully accepts that the claims of 3-4 auto RFQ's for the mirror location, an RFQ for 330 planes and 30+ sims and an RFQ for over 100,000 fleet units, for which SEE were the only ones on the RFQ, was all made up and cannot believe Stifel have not clarified why PM has stated these things in previous company presentations to the market/Italian II's over 2 years ago.

I see Lewbo is clamping down on free speech in the telegram group just because someone had the nerve to suggest that after the update we are likely to see 4p again. I mean it’s pretty nailed on that the SP will drop after the update as it always does and we are still 2 years away from the legislation kicking in hence why everything is getting pushed back, including profitability in the next update.

Brock it looks like they have also heavily discounted the rest of gen 2 as well to try and stop the need for another raise as things aren’t moving as quick as they ramped a couple of years ago and costs certainly haven’t been controlled to the level Ive suggested only 12 months ago.

The only thing PM is delivering is bullsh*t

Yes good shout - probably announce 3-4 contracts for auto OEM's using the Gentex solution at the same time. After all there has got to be a reason SEE haven't announced them, unless PM was talking bullsh*t of course and they never existed. No of course, he always tells the truth, unlike Martin.

If only they would announce 3-4 auto OEM's contracts using the rear view mirror, or a six figure volume contract for Gen3 fleet, or an aviation contract for 330 planes plus 30+ sims.

If only they did that then they may get some of those American II's buying on the open market or we might have a market cap with a zero on the end of it by Dec 2024, or we might even hit cash breakeven on time.

However, my guess is that the delay in the update is due to the fact that they need to push the breakeven date back to next financial year and not the one we are currently in and they are trying to find the best way of announcing it, so not to cause too much damage.

Perhaps they are waiting for some small Gen3 contracts to be agreed, you know the ones, a few hundred units, which they think will help if they are included in this update. Perhaps they sold all those remaining Gen2 units at significantly reduced rates to try and bridge the gap so the breakeven doesn't go back as far.

But I doubt this delay is because of good news. I predict 4.4p again by the end of August.

… the slide back down has started

I think they are trying to bore shareholders to death.

We are two years away from mandated camera based DMS in all new production cars, not just new models, but all cars coming off the production lines. This I believe also applies to fleet vehicles which correct me if I am wrong is about 300,000 vehicles a year. Colin Barden keeps saying 2024 is the year for DMS, PM used to talk about inflection points.

I can't get my head around this at all - if the above was the case you would have thought contracts would be getting announced every month at least across fleet and auto to hit these deadlines, whether that was SEE or SEYE announcing. Instead weeks/months go by and there is hardly anything, what the hell are OEM's waiting for? Likewise Damiler trucks, large companies like Shell, I would have assumed would be putting things in place now to ensure they hit the legislation given the leadtimes. Not only would you have thought companies like Coca Cola would be making sure their new vehicles have DMS, but you would have thought they would be wanting to retrofit current vehicles on the road as well so that all of their vehicles protect their drivers and not just the drivers who get the new vehicles.

This is either all bulls*it or we are going to get to a point where there is an RNS every week! I keep telling myself that between now and 2026 we will get a period of several RNS's in a short period of time and the share price will move significantly over the course of a 3-4 month period - however if it hasn't happened by 2026 then what? By then we apparently would have hit cash breakeven so if the SP is still languishing below 10p then I guess everyone, including the rampers, will have to accept we have been duped.

Chutz - why are you so obsessed with SEYE?

Contract win - what's one of those? .... it's been so long ... especially in fleet

To be honest this is both good and bad news. The good news is that the SEYE DMS does sound like it is utter sh*t.

However, the bad news is that this is going to damage the reputation of DMS and therefore impact on SEE as well. If there is enough noise about it it could even end up with the legislation being pulled if OEM's come together to pushback against the new EU leg.

So even though this seems great news to start with I am very worried that this could simply push things back significantly for SEE growth and hence any decent rises in SP.

What we really need now are some absolute stonking reviews from VW with the Magna mirror and an influx of contracts through Magna as OEM's decide to go for that rather than pushback against the legislation.

I would imagine both Volvo and Mitsubishi are already evaluating their response to this so the timing couldn't be better to get something out there about the performance of the Magna mirror.

Horza, all jam tomorrow like it has always been for the last 15 years. When will you realise the jam isn't coming, it gets pushed back year after year

Exactly, failing to deliver on his talk again.

3-4 auto rfq's for mirror location - failed

six figure fleet contract - failed

aviation 330 plane contract - failed

BDMS enterprise contracts - failed

prediction of 2bn auto market - failed

70p share price by Dec2024 - failed

cash breakeven FY2025 - failed (clearly going to be later)

However...

Misleading shareholders - a big f**king whopping success!

Schlemiel, I did say last week it would drip back down again!

We’ve got years of this yet unless they pull their finger out of their backsides and deliver some of those contracts they eluded to over two years ago.

Just a bounce due to the election result, normal service will resume next week i.e no new contracts leading to SP drifting lower

So by saying ‘probably have a 0 on the end’ is implying 10x - he wouldn’t be suggesting the market cap would go from 239m to 240m for example.

The share price was 7p at the time.

So given the market cap is calculated by no of shares times share price if the market cap is going to 10x unless PM was suggesting there would be a change in the no of shares the only other factor than can change is the SP by 10x

7p x 10 - guess that’s where the 70p came from - pretty logical I would say and probably what PM was hoping for to try and get more people to invest thinking they would make a killing.

However, perhaps as someone has already mentioned PM was suggesting a share consolidation so I won’t be surprised if that happens - and how well do share consolidations usually go? …. rubbish usually

The SP is never going to propel, even if the August KPI's are 500,000 it still won't budge the SP.

We need;

KPI's of at least a million every qtr

At least another 300m auto wins for 2026 and beyond

Significant fleet wins totaling a min of 50,000 units

A couple of Aviation contract announcements for 50m each

And profit for at least 2 years in a row

The market might then believe and the SP will rise into double figures again

No chance of cash breakeven this financial year - that will be a new one I can add to the list for you chutz!

The RNS's are not the biggest issue - the market is clearly fed up of the constant lies over the years.....

BDMS large enterprise customers - what ever happened to those?

Six figure volume contract for fleet, which we were the only ones on the RFQ for

Gen3 a market winner due to lower costs and quicker installation - contracts don't back this up 7 months on from launch

50,000 new fleet connections this year - then back tracked on that

2bn valuation for 2022 and 2023 for auto - where is that?

Qualcomm will be a significant upside on current won business - really? why did he even bother saying that

Time is running out for OEM's - how many times did we hear that?

3-4 RFQ's for mirror location for auto

Aviation 330 plane and 30+ simulators RFQ

No need for more fund raises and then they do 1-2 more

It's time for delivery - how many times did he used to say that? - well f**king deliver

And then he had the nerve to suggest that the market cap will have a 0 on the end of it by Dec24 - well the market is doing their best to ensure it has, just not in the way that Paul was suggesting. Perhaps if he had delivered some of the bulls**t above it may do.

And how only 2 months ago could everything have been on track when today we find out if it wasn't for this injection of cash from Caterpillar the business would be missing it's targets by miles!

How can anyone believe a word PM says? Clearly the market doesn't.

All that hype around Gen3 - everyone on Telegram expecting huge orders at launch, Telegram posters stating the deal with Mobileye was massive, some ejit from Seeing Machines blurting out 50,000 connections this year and then the company back tracking on social media later, but above all else McBullsh*t stating nearly 2 years ago we were the only ones on an RFQ for volume of over 100,000 units.

How anyone can think PM is doing a good job is beyond me. That statement was clearly an outright lie and he should lose his job for misleading investors, along with all of his other lies around Auto and Aviation.

Please someone just buy us and put us out of this misery. I'd accept 10p now, not that anyone would offer more than double the current SP.