Member Info for MAJOREM

For some reason I thought the local fans (RedEye) conceded that SmartEye may have lost the Volvo bid? I can't remember or find the reference to confirm... investors in Europe should be able to dig it up...

ALL OF THAT PUMPING by SmartEye and the stock is now down... btw, the Swedish research firm Redeye is a real hired-hack!?

Patience is a virtue. ColdFishPie is worth listening to because you never know what you can learn from the "outside view." Nonetheless s/he seems blindly biased for an unknown reason.

I personally trust management and the Board. I also genuinely enjoy the DMS in my car that is believed to be powered by Seeing Machines. People are going to want this, and be willing to pay for it!

Good luck all... Seeing Machine's management is extremely conservative and humble - perhaps the opposite of SmartEye. We're invested in the best company!

Side note, Mobileye valuation discussion suggesting SM could be a 5-bagger (or more) within the next four years.

My 2022 Mach-e is a genuine pleasure to drive... I'm bummed that it will feel a bit obsolete already with the lane change update missing. Hands-free doesn't necessarily make me safer, but it is a feature I WILL absolutely pay for after my lease expires AND will require in future car purchases... SM's DMS (pretty sure it's theirs) DOES make me feel safer and is not annoying at all - it really is a perfect nudge to keep drivers focused on the life and death task also known as driving.

RIP QE2 - such a cool and special world leader!

20 USD, 20 AUD, or 20 GBP !? Another unnecessary complication to the SEE story ;)

Most Tech Hardware companies disclose this data ("average seeking price") - I am seriously of the mind that this is one of the most important questions to get an answer to at the London meeting... fingers crossed

I read somewhere recently that Ford is hoping to sell 125k EVs in 2022 and 300k EVs in 2023. I'd say all of those should be ours. I don't know how many ICEs with Blue Cruise will be activated. But yeah, I think we're getting close to having visibility to "million of units" which hopefully means "tens of millions of dollars" ?!

Wouldn't that be glorious to have answers to all of this!? Good luck all. Wish I could join you, sincerely.

? Will the company need any additional capital to get to cash flow positive? Does Magna or VS have right of first refusal if an acquisition offer is made? Are there plans in place for non-dilutive funding if necessary?

? Is the company planning to uplist to a more liquid/transparent exchange? If so how soon? If not, why not?

? What is the average revenue per auto, truck, train, stimulator, and/or plane? Is the profit per month per fleet monitoring install still about $30? What's the total size of each respective market in terms of units (existing base and annual production)?

? Compare/ contrast SEE technology with SmartEye and Cipia

? Chip shortage and supply disruptions and COVID had what negative effects? And what percent still lingers?

The rest of those questions are good too!

This is great info! Does the counter seem to be back to reporting actual kilometers? Because I tracked this for years after it first appeared on the website and built a pretty accurate predictive model of the installed base... But then stopped after they modified it into essentially a linear time-based counter. Your numbers, if taken at the same precise time every day, suggest they might NOT be stimulated any longer and therefore possibly useful at predicting again?

Anyone?

I can't even tell anymore what you guys/girls are saying. Sarcasm is admittedly easy when talking about this company. All I know is that it's highly likely that 100K Ford EVs will be sold this year. Maybe 15k last year? 300k next year. That's probably $5 million right there. And that's only the EVs with BlueCruise. Cadillac maybe as much. GM similar. Many others. We're on the cusp of the hockey stick for automotive revenue.

The board of directors definitely sucks relative to the best, but we're still kicking. Though I still can't believe Ken sold half the company at a 50% discount years ago. At least Paul sold a big chunk of stock at 11 pence...

Cheers to fiscal 2023. I think we're close to the pot at the end of the rainbow.

The only reason, that I can see, for why more Institutions are not pulling in is the fact that this stock trades on the AIMx essentially by appointment!? If it listed or IPO'd onto NASDAQ I believe almost every small cap growth investment manager in the US would be interested.

Here's the math I like to use:
90 million cars approximately made new every year
At least HALF in the countries that will soon require DMS, most of the others will want it soon enough.
About half of those "won" by SEE (up from a third)
Not all will pay for the feature... so I am assuming a nice round 10 million units (of FOVIO or the other methods)- this is conservative, do you agree?
I wish they'd share this with us but I would be disappointed if they're not getting at least $10, probably $15 per car. This probably falls with higher volumes.
Result: $150M in high-margin revenue from auto alone!

Today's environment is different but Intel bought Mobileye st a multiple of OVER 20x revenues.

It only takes an 8x multiple to get to $1 Billion for just the auto piece. Fleet is profitable and aviation is blue sky and Caterpillar license is probably worth $50M+

The bummer is this thing trades on the AIM, has unresponsive investor relations, and is therefore still either undiscovered or uninvestable (for most institutions). In my humble opinion.

All that said, it's my largest position.

Oh, buyers are probably Qualcomm, Xilinx (AMD), Magna or who bought Veoneer? Maybe Cruise but they do not have deep pockets. Lastly, private equity loves annuities and that industry has tens of billions sloshing around. I'm actually surprised but relieved we didn't merger with a SPAC!

Good luck all!

What amount PER VEHICLE does everyone here assume SEE receives? $10? $25? USD, AUD, OR £? Because the math gets really exciting in just a couple more years...

I remember when the share price was in the teens (pence) after the Cadillac CT6 RUMORS and the hypothetical European regulations... fast-forward to today they're in 50 times as many car models, airplanes, trucks, trains, and CATS... plus actual regulations in Europe AND America ... but the stock is almost one third the price.

It's very simple: the company does not prioritize shareholder returns. The company does not care about liquidity nor optimization of valuation.

That said, I bought more. Averaging down sadly. I just want to make sure I make money if Magna has some sort of back door option to buy the company in full at the 11 pence it paid a year or so ago. We'd never know because the company doesn't tell anyone anything.

As an aside, a dual listing could be fruitful like it was with GWPH, but that was dual with the main LSE. AiM is all about diluting shareholders.

Fingers crossed for next week. Give us some positive guidance along with the financials!

Do you assume $10-$20 per car? If so, that $6MILLION from ONE OEM is not reflected in this stock price (add it to the list of things not yet reflected in the price)!

This is a great chat! Thanks for participating. I laughed out loud when reading about how SM investors have to dig up the information on their own! I've owned for nearly 10 years, but have trimmed added along the way.