Latic, that logic means that Tmac, LGchem, Affyexel, Point etc etc etc don’t exist.
Would also be pulling the wool over the eyes of the party who agreed the CLN. Unlikely that they raised money to have a £10-20m turnover diagnostics business as their fallback.
There will be plenty of things to subscribe to within the ****pit but one of them won’t be DMS as it will be a mandated safety feature required for all cars, starting in the EU and then followed by the rest of the world.
Lack of faith LOL. Go and take a look through the history of director share purchases/sales and see how many have been sold over the years. The chair bought at 11p. PM can buy 12 million at 4.4p with his options so why would he buy at 7?
Seize, As I understand the CLN with Magna SEE have already drawn down $US30m first tranche of the $47.5m. Manna can choose to convert the principal and interest at any stage during the 4 year term into shares at 11p.
Our share price is irrelevant to the company getting hold of the cash.
What we were promised with this years FY results was some forward guidance. Cenkos’s guidance doesn’t go past 2023. Think it’s time for the company, it’s broker or Cenkos to give us a medium term picture for the company’s path to profitability.
That’s a pretty big question but as this investment relates to autonomous driving tech and the autonomous driving revolution is still a long way off I think it has very little relevance to the Magna mirror deal.
Detail on patent here:
https://cm.linkedin.com/posts/colin-barnden-1081376_driver-occupant-monitoring-activity-6977947067725795328-pqLV
“A bird in the hand is worth 10 in the bush imo, dont know back a good profit if it was there for the taking!”
Rubbish. Suggest you go and listen to PM’s most recent chat. This company is positioned beautifully to capitalise on the DMS mandate in Europe and eventually everywhere.…………
“We are at the very beginning of the market. The reason our company and others like us have such miniscule valuations, is no one quite understands we will be in every car, and I would argue Seeing Machines will be in every 2nd car.”
The above should be plastered on everyone’s monitor in case they are tempted to sell their shares!
The main thing I took out of the presentation is that in 2026 the company at a minimum, will generate a NETT profit of $US75million based on current booked business in AUTO division. If you include the volume that they also expect to win for this current rfq for 2026 then Nett profit will be in the region of $120m.
Auto only. Minimum licence fee. Conservative volume estimates.
The market will wake up eventually.
It was very smart business in the current credit environment at unbelievable terms. If they had run cash down and needed a cash call next year the company would have had no chance of a deal like this.
Think about where SEYE is at the moment. As of end of June they had $13m cash. They are going to need to raise early in the new year and god only knows where the market will be at that point. I know where I would rather be invested……. and we have the bonus that in 2 and a half years time Magna will need to renew their exclusivity on the mirror.
Wrong…… as usual.
“The program has been awarded with certain minimum volume guarantees, covering a number of vehicle models with start of production scheduled from early 2024 and an initial value of A$27 million, bringing the total number of OEM customers to 10. The program will be delivered via Company's embedded Driver Monitoring Engine (FOVIO e-DME software library), pre-integrated and optimised for Qualcomm's 3rd generation Snapdragon® ****pit Platforms.“
Not true HH.......
"The intention is that the Co-Investment Options are issued to align the interests of the individuals with that of Greatland's shareholders. To give effect to this intention, the parties agree to discuss in good faith a retention arrangement of three years in respect of the shares arising on exercise"