Member Info for Lewbo18

Of course you did Steven!
Walter wouldn't have a Mitty on you :)

Have to try and brag, I done this and I did that. Pretending to read broker notes. Back to those support calls....

Smokeit missed buy in at 1.7 then disappeard and now back. Wants a buy in.... Funny that :)

Screaming buy, like that Steven.

S7 gets it apparently - perhaps he can post the information here ?

They applied for and got the salary top ups for salaried staff. It came into force 1 April. So the biggest immediate cost part of this plan started 7 weeks ago.

Wage subsidies started 1 Apr and can last up to end Sept. Bit like Uk.

Yes $12m reduction in expenditure is a good move.

Steven,
You dont even know what year you are talking about nor read the Cenkos notes.
"Enjoy your dilution?"
You told us you were invested, so you want your investment to fall? Strange.
Didn't get your buy in then......

Steven,
What is this pre covid you keep talking about. The March estimate by Cenkos takes Covid into account and they have adjusted all their estimates.
Then 2 weeks later we get a cash amount which covers the deficit they anticipated for FY 2022.
Post your figures or keep drinking.

SEE withdrew their advisory on installs. Keep up.
Cenkos revised note (March Covid 19 implications) suggest around 24k installs on which ALL their projections are based.

To all others just for clarity,

[17 March 2020] Cenkos revised ALL numbers/Income downwards - "Even on our HIGHLY REBASED (my caps) numbers, we believe Seeing Machines has enough cash runway for around two years of trading. Our revised expectations imply that there is a total estimated cash shortfall cA$5m in FY22 to see the company though to profitability." Cenkos revised price target of 7p (downwards) was based "effectively on automotive only, leaving fleet and Aviation businesses as upside"

[1 April 2020] Was the $5m USD upfront license deal - Cenkos confirms this should cover the cash shortfall.

Now nobody should be naive to think that there will be issues around the current situation but when you start from this point any future deals will be addition.

So for balance - Cenkos state they have reduced income and numbers to get to their analysis. People really shouldn't pretend they have read broker notes if they haven't.

IMHO and DYOR of course

Nvidia turns to driver-assistance market as autonomous taxis stall

https://www.autonews.com/mobility-report/nvidia-turns-driver-assistance-market-autonomous-taxis-stall

Thats a good point Max, Mr Brown's appointment to the remuneration ctte.
I hope that going forward share schemes and bonuses are directly aligned with shareholder value.

Sport
As you say you've invested £120k based on the fundamentals of the company. Thats the way it should be and charts help of course.
People just get a bit brassed off when newbies come on and say its a dog sh i t of a share, and thats it. They may be looking at different fundamentals i guess.
Posts consist of general info on the verticals as well as specific info on the company. No need to call it bullsh i te Com is there. Thanks to those that do post since it gives us info which can be sifted through and as you agree some interesting stuff turns up.
You've invested heavily in SEE based on fundamentals so welcome on board things might just be taking off!

Technically you are right, the acquisitions of no more than 3% in every 6 months ("creep" acquisition) is an exception to the 20% rule.
There's been a lot of noise every now and again about a forced sale/hostile bid etc but with 2 shareholders having >10% this is off the table for now and we now have both parties as Directors on the Board.

At CMD it was publicly stated by Paul that LO would not go above 19.5% - of course he cannot stop them buying more but that's what was said.

Also confirms what was discussed at CMD. DYOR

Yes puts to bed any further talk about cheap takeovers. LO could have blocked a cheap takeover irrespective of having a seat on the Board. Now they will have access to all information. Good move. IMO DYOR

Good move this. We did discuss LO taking a seat on the Board some time ago.
Also looks like all posts should finish with DYOR IMO

About time they clarified what the meanings are. Just need all OEMs to take heed, of course Tesla may take a different course!

We were told that the Korean market has opened up. Why would that be unless there is a T1 or more in the picture.