Member Info for isb1974

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.

He is certainly going to be very disappointed.

I wouldn't be surprised if by 2025 we are still waiting for a decent OEM win, a decent Gen3 win and something on aviation.

I don't even think KPI figures of over 500,000 cars in the qtr will shift the SP

What we need is 3-4 Magna OEM contracts, a six volume figure gen3 win with someone like Coca Cola and a aviation contract for 330 planes and 30+ sims.

That combined with growing KPI's, cash breakeven and other parts of the world following the EU in terms of regulation should do the job.

2026 at the earliest.

This board is about as exciting as the share price - I guess everyone has died of boredom waiting for these 3-4 mirror OEM RFQ's to appear, or this six figure fleet deal or even the 330 plane contract.

Or perhaps everyone is just silently waiting for 70p by xmas 2024?

PM must have gone to the same school as the Tories, promise everything and deliver nothing and tell lies on the way!

Oldfool - how many contracts have SEE announced over the last 18 months compared to SEYE?

I think he implied it though, just like he implied a lot of other things, which haven’t come true, so I would take whatever he said as complete rubbish.

And SEE are also a long way off their all time high

No offence Terrym but you said that about 3 KPI's ago!

Fleet numbers ramp up? not guaranteed

Break even - another 15 months away at least until it's official in financial results - Aug 2025

2 million car on the road - looks like next kpi's will show this - however, we need 1m per quarter

Big fleet order - like the six volume figure ones? doubt this will ever happen

Aviation order - if this series of useless Quantas snippets don't result in the long awaited 330 planes and 30 sims then this will be the biggest carrot dangling since 'imminent' in aviation.

Onwards and upwards and keep on researching everyone - it's not research we need, it's the overdue implied auto, fleet and aviation contracts. Simples

Get on with it PM before we are all dead!

Nice to have some good news in the last 2 weeks with the contract extension (all bit it small over the period stated) and the good increase in auto kpi's.

However surprise surprise all it has done to the SP is get it back to where it was before the market dropped it down to 4p during the last part of March and April.

I must admit the progression in the business has always been there which is why I have always continued to hold, but I was just really peeved off with all the bullish statements made that haven't happened, such as the 2bn RFQ's, 3-4 mirror rfq's, six figure fleet rfq's etc... - I wouldn't be annoyed at all if PM hadn't said those things because there has been regular progression with contracts and KPI's, just not to the scale that was implied.

As long as they do hit cash breakeven during FY2025 and with the ramp up of VW and BMW I can't see how the SP can stay at these levels, but the market is not logical so until that SP is back to those 12p levels I still won't be completely happy.

I thought the proactive interview was better with no wild claims on RFQ's etc (I suppose I'm just going to have to accept things have dramatically changed after PM stated those things or they were white lies to try and gain momentum in the SP). The only extra thing he did imply was a step change in Fleet in 6 months time when selling into the Northern hemisphere after focus on Europe - you see to me a step change is something significant again, not just adding 10k units to fleet every year, so I will be adding that to the list.

I just wish we could get something that could blow the bloody doors off like another Magna VW contract - I can't understand why that hasn't happened yet. It should also stop this annoying drop in SP between news because part of me things that all that is going to happen now is the SP will be walked down again and then the kpi's in August will just move it back to 5.5-6p again.

…. and the clowns on telegram are talking about £1 again.

Why? - well because Magna have won an award, yes that’s right not a contract just an award.

Ive has bought some more shares - it didn’t help last time so why will it help this time

Oh and a contract which is worth 26m between now and 2030 - wow! on average 4m a year.

Oh and let’s not forget good old Mike has posted on LinkedIn - can’t believe that alone hasn’t doubled the SP!

Let’s not forget that they have predicted circa 130m in 2026 - that’s two years away and about double today’s position. We will be lucky to be at 10p in two years not £1

All those things in your list Terrym yet the share price is still only 4.5p

Just a talking shop - US years away from actually implementing anything worthwhile as they have got to talk about it for a few more years yet.

As for Europe - seems no one is in any rush to implement even with the June 2026 deadline, will probably get pushed back as well as OEMs will argue they haven’t had long enough due to covid, wars etc…

yes similar loss to you seeing2030 and likewise i didn’t sell because of pm lies and he has had many. it’s disgusting how he can get away with it - clearly all this talk of 2bn auto market, rfqs for mirrors, aviation 330 planes and six figure fleet rfqs was complete bull**** to try and get investors to buy in - all it’s led to is no investors believe him anymore and many pi**ed off current shareholders.

and no i’m not going to sell out at a loss, but once it gets back to my breakeven i will be because this pile of sh*t is never going to deliver - breakeven will be pushed back and clearly the mirror location isn’t going to clean up like pm implied it was going to.

I won't be there, I'll have more important things to do with my money than spend it on a boat with the rampers from the Telegram group. Actually, more like my kids will because at this rate I'll be dead before the SP gets to a level for the boat party to happen.

I guess they haven't got anything to update us on. Don't worry the second inflection point will be along soon!

How can a placing be on the way? According to PM we don’t need to and we will be cash breakeven within 8 months. PM is never wrong and has never said anything that hasn’t happened …..

The telegram group say it’s another buying opportunity and all will come clear this year with B/E, new wins, fleet, kpi’s blah blah blah

And don’t forget it’s going into every VW off the production line according to our 3rd biggest ramper behind Colin and Safestocks.

The only way this would go into VW so quick is if they pushed Magna into a timed exclusivity of say three years and Magna would only do that if in return VW agreed they would roll it out across all models and trims. Suppose that could explain why we had to do an exclusivity with Magna, why Magna haven’t announced anymore wins and why they are already developing the next version to get around the exclusivity some how.

And no doubt Stifel will be wrong as SEE don't hit timescales.

I'll say it now - we will not hear concrete news on this until the end FY2025, so by then the SP is likely to be 2p given the current trend, unless of course one of these 3-4 mirror RFQ's actually land. Gen 3 by then will be a failure and all the happy clappers on Telegram will be getting excited over the development of Gen 4, which apparently will also be the best thing since sliced bread and will save the day. Of course it goes without saying that we will still be waiting for something on Aviation in July 2025 as well.

I seem to recall about 10 years ago s2020 banging on about wording on the fedex website which was the same wording as SEE used for fleet so therefore that meant we had a huge deal with FedEx - I think we are still waiting for that one.

Don’t forget he has also predicted a fleet deal with Coca Cola because of PM likes on LinkedIn. Again still waiting.

The next 2 kpi’s will gives us a clue on this - if we are going into all these models now then we should be on way more than 2million cars come the August kpi’s

This needs 1m+ per qtr on the KPI's and 1bn in future contracts before this SP is shifting and I don't see either of those happening imminently. I'll let you decide what I mean by imminently.

Maps;

Cash flow breakeven is a forecast - hasn't happened yet. However, I believe they originally stated the first half of FY2025, but I think in the investor meet Q&A's PM has gone more broad by stating "during FY2025" so it has already been pushed back, not surprising since over the last few months they didn't get costs down to what they needed to on a monthly basis.

Aviation deal happened 3 years, yes 3 full years after PM used the word imminent. I bet if Family Fortunes asked 100 people what the definition of imminent was, none would say 3 years. Whilst we are on Aviation though, where is that 330 plane and 30+ simulators contract PM mentioned nearly 2 years ago to a group of Italian II's?

Magna deal - is that the one where PM stated nearly 2 years ago that 3-4 auto RFQ's were for the mirror location - now if that was true where are they? Should I mention PM's comments here about Qualcomm? "contracts of significant value and in addition to what they are already working on" - something along those lines wasn't it?

Gen3 being sold - is that the Gen3 that was launched late and also the one where according to PM we had a RFQ for over 100,000 units and we were the only ones on that RFQ? Where is it? And come to think of it "being sold"? you mean those pitiful contracts mentioned at launch in January? we are 3 months on and nothing. They had at least 12 months building up to this in which time surely they would have had customers trialing prototypes etc... - what is the salesteam doing! I hope their salary isn't mainly commission based otherwise they aren't going to be earning a lot.

3m cars on the road by the end of this calender year? You had better hope that there are no more surprises to PM in relation to the qtrly KPI's - to be fair I'm not aware of PM actually predicting a number of cars on the road so he can't fail on that. I just hope Colin didn't mean that SEE has lost the Ford-150 and Mach-E to SEYE otherwise the VW increase will probably just balance out the loss from Ford so there will be surprises all around with minimal growth over the next KPI's

So what else has he said;

Oh yes his market cap prediction by the end of 2024 - yes he has not failed on that yet, but given the market cap is significantly less than it was when he made his prediction I don't think it is going to more than ten fold in the next 8 months - and yes Lewbo "adding a 0 onto the end of the market cap" usually means a 10 fold increase rather than going from 255m to 260m. That kind of increase in market cap either means the SP has gone up significantly or the number of shares in issue has. Perhaps that's what he means, perhaps he was trying to highlight to us that they will need to do another share issue to increase the number of shares whilst hoping the SP wouldn’t drop as part of that share issue?

A couple of RNS's and the SP will rise? - what like it has done for all the RNS's over the last 2-3 years including the Magna VW de