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PM also send he has been told by OEMs that approximately half of the auto RFQs that SEE has been bidding for will be decided by December. That's huge as SEE will surely win at least half of them, maybe more. 2 months of upward momentum due not to technicals but news; huge business progress.

The Johnny-come-latelys are snapping this up as it becomes increasingly obvious that it is a one-way bet. I must admit to a tinge of envy that they are hoovering this up at such cheap prices. Still, how many of them will have the balls, the chutzpah to go all in on this? Not many.

Aaron.

NIssan yes. Why not Toyota also? Looking forward to the next few weeks.

News incoming. What could it be?

– Amazon Gen 3 contract?

– Shell Gen 3 contract?

– Toyota auto contract?

– Honda auto contract?

– Mitsu Gen 3 contract?

#OutstandingOctober #FOMOFriday

Interesting article on DMS. As we all know, not all DMS are of comparable quality - with a lot left to the decision by the OEM as to how to integrate it.

https://www.fleetnews.co.uk/news/driver-monitoring-systems-in-the-dock-for-irrational-and-erratic-alerts

It reminds me of the way AEB was very variable when first introduced by OEMs. Hopefully, things settle down and SEE gets at least 50% of the market by value. Btw, when are we going to get answers to some of the questions posed for the InvestorMeet presentation?

Ye olde Freudian slip...good to know that even CB isn't immune.

A few years back each of them held about 25m shares...not sure about now. They will have been diluted to a large extent along with all long-term holders but they must have protected themselves. IIs will decide whether this is sold. But Mitsu is a strong position to block a lowball bid or to make a lowish one itself - circa 25p. I don't believe the like of Katie Potts have held this stock for a decade to see it go too cheaply. Over the next few months the plan must be to raise the price before the inevitable bid materialises. If all that we have been promised materialises this should be 10p at a bare minimum by Feb, maybe by Xmas. #OutstandingOctober

Heathcliff, what's unbelievable is the level of ignorance about Seeing Machines exhibited by some of the people who purport to be holders of shares in it. Worse, traders like Brockwl attempt to twist the facts depending on whether they are in or out of the stock. He apparently sells at the right time, buys at the bottom and manipulates mugs who fail to do basic research or even watch the company presentations.

Brockwl, it isn't a big issue, imho, for the reasons I explained. It can't be at less than 10p when generating tens of millions in cash. That's quite apart from the fact that SEE is likely to be taken out well before next October, following a bid from Mitsubishi. Of course, readers should investigate and make their own minds up.

Do you seriously think SEE will be less than 10p by next June?

That elephant you mention is the Magna convertible note falling due in October 2026 at a conversion price of 9.95p, which could necessitate a refinancing of $61.9 of debt. Yet, I think it will walk out of the room long before then; when the share price rises past 10p as Safestocks explained. It surely must as SEE wins more auto and Gen 3 contracts and becomes profitable.

Separately, Stifel believes that SEE would be able to afford to pay the loan back by the time it is due, given the rise in royalties and its earnings not to mention the possibility of factoring the guaranteed minimum payments, if needed.

Confucious say that: "Trader who abuses others when his de-ramping has been spotted, should beg forgiveness from bulletin board."

Brockwl, just buy back in.

Fruit fly fart, I like that...very drole. Whether it does or doesn't, this stock is going up and up by Xmas. I don't need a ouiji board or technical analysis to tell me that. Amazon, Shell, auto contracts, breakeven. I feel like a desert traveller who can see an oasis before me - and it isn't a mirage.

Yes, Wrightbus must be the bus company. I think the big US Gen 3 contract is with Amazon and the big EU one is with Shell - we already have multiple deployments with Shell. Given all that, which some broker sales guys will be telling institutional investors, this ought to fly past 3p today. Baxter, yer wee cumudgeon, get yer pants on and run for the share price wagon cos it is speeding away. #SpectacularSeptember.

That's nonsense. Look at Collins Aerospace, the Magna deal, VW, Mitsu. Plus my independent sources confirmed something big is coming from the US...it always takes too long - we can agree on that. But the man I feel is fundamentally 'a straight up geezer' as we used to say around here (London).

Seeing2030,

You've distorted, either deliberately or accidentally, what Paul McGlone said about auto RFQs in today's meeting. Anyone who wants to check can listen to the recording [from 15m 10 seconds for about 1 minute].

He said that based on the latest information approximately half of the RFQs that SEE is working on are planned to be awarded by December this year, and the other half in FY 2026, in H2 FY 2026. Here is the link: https://www.youtube.com/watch?v=Oe0-GTJOqew&t=92s

You also failed to notice that PM mentioned [at 19m in the presentation] that Seeing Machines in the US is now (post Gen 3 Guardian trial) is in commercial negotiations for a very big contract "probably the largest single opportunity that we've seen to date. Similarly in Europe, we are in the final stages there also." I'm personally not sure if both are related to Amazon but, if it is as close to completion as he says, we won't have long to wait to find out.

Breakeven isn't priced in. Many of the jam tomorrow brigade are sceptical. Auto contract wins by Xmas leading up to 750,000 autos on the road for the quarter will transform the share price.

We'll be getting royalties on 2m cars a quarter by June 2026, with Gen 3 also powering with the help of Mitsubishi. Cashflow breakeven is a huge development, which when it comes will transform the view of SEE as a jam tomorrow company. Note in today's presentation PM said he expects half auto RFQs to be awarded by Xmas. We also have a couple of big Gen 3 contracts close to completion from what he said - 1 in US and 1 in Europe. I think that may well be Amazon.

It's a great time to be invested in SEE. Wish my average was 2.5p...lol. Many more wins must be coming but the ones I really want very soon are Amazon and the Mitsu contracts. I'd also like to hear about progress in factory fit with the big 5 truck manufacturers in Europe. Over to you PM tomorrow.

Seeing Machines has single camera or dual camera. Tobii is clearly playing catch-up. Not time to press the panic button - although comms far from perfect. For those attending the Investor Meet presentation don't forget to ask a question. Surely we get some news on the day as Gen 3 contracts are well overdue.

I have to agree with Seeing2020 here. Things are moving at such a pace now that the metrics that matter are KPIs, with the P&L. Lose sight of that and you're liable to go crazy. That said, we all enjoy speculating - I know, I'm often guilty of that.