Member Info for MrBB

Is someone quietly taking advantage of increased volumes & liquidity & building a small position at around the placing price ,which may or may not be disclosed .If the buyer held an existing stake they could also bid for all of the new stock available ,assuming it is not an existing investor who has already subscribed to the placing .Interesting-very interesting , but hopefully not stupid.

I agree Sandy & lets hope its a mega deal with a global truck/lorry/bus/coach manufacturer which would dramatically increase our installed unit base at point of manufacture,substantially increase our SAAS revenue & massively increase our valuable data bank.
Am I expecting too much ?

Thanks sgreen & I presume that the "few outcomes" regarding Fleet are significant & lets hope they will be revealed before 11th,on the assumption that they will be positive & therefore likely encourage support for the additional placing .Paul I presume is aware of these prospective outcomes & I am still intrigued as to why he did not support the placing

SEYE certainly do not appear to have had our disasters & their value is currently around double ours-despite having an inferior products & being a 1 trick pony .Auto will be a massive Market & ,as Ken has said, we cant have it all ,although we will hopefully win more than his conservative approach projects.He wheeled out Paul yesterday to make the point that Fleet was a disaster last year, but we are slowly but surely rebuilding following a massive strategy change & with with view to increasing data being generated & increased installations ( without the impact of any as yet unannounced large contracts) this will be a very profitable & viable part of our business-together with off road & rail.Aviation is expected to grow substantially & there is nothing in the pot yet for BDMS.
We are a small but diverse company with massive potential which we hope will start to unfold empirically over the coming weeks/months with hopefully some positive news before 11th ,to encourage support for the additional placing & ensure that the additional funds required are raised.My investing more at 3p will be decided by next Thursday

Could be irrelevant but some large sells/buys in recent days + todays larger deals 5+6+2+6.6.
Interesting & lets see if it means anything !

Pity Paul wasn’t asked why he did not commit to the placing ?

So who would buy 6 million shares @ a tiny premium to 3p-they must be confident.The substantial increase in volume since the announcement of the placing would provide an opportunity for someone to build a small stake at around the placing price -wishful thinking ,maybe ,but we need some encouragement & that is encouraging !

Ken & Jack may not care about us but I presume that they would rather raise an additional £6mill & to have any chance of doing that they need to release news before the placing closes which may tempt some of us to apply for more @ 3p - unless there are others (known to Ken & Jack) who will subscribe for new shares @ 3p out of the shortfall -which I appreciate is unlikely.If they need the money,our SP needs to be higher, & that will only happen on the announcement of excellent news.Perverse , I know, but I would love to be scrambling for new shares this time next week as it will mean I will have a compelling reason to do so.

When the placing was announced Ken & Jack must have been aware that our SP was almost certainly going to drift down towards 3p & that would result in little support for the additional placing to PIs & others & unless they have other investors lined up to take up the shortfall at 3p we will be lucky to raise an additional £1mill & , presumably, they would rather raise the full amount- so will news be released by 11th to tempt us & other investors to buy more at 3p ?

Ken & Jack must have told those IIs + VSI something positive in order to encourage their investment & they appear to have possibly been more brutally honest than required in respect of break even given a worse case scenario -with no hint as to the possible outcomes given a best case scenario.They have still subscribed for a large number of shares & must ,therefore,anticipate a positive outcome & Nicks £100k investment suggests confidence in his part that we will win a significant % of RFQs.Our sp is likely to be managed/hover around 3p until the placing is out of the way & confidence is understandably low amongst longstanding PIs right now as we have all just experienced a massive reduction in the value of an investment which many of us hoped would be a game changer for us all .
There has been very little contract news this year & for our confidence to be restored we need a substantial uplift in newsflow over the coming days & weeks & if it comes before 11/4 some of us maybe encouraged to support the placing (if our SP improves).
Perhaps the sell point to the IIs & VSI was that following our winning of a decent number of RFQs & progress with G3 & deals to instal Fleet in volume at point of manufacture ,we will then consider offers ,thereby providing an honourable exit for everyone .After many years we must now be closer to the endgame than we ever have been & irs just s pity that dreams of 100p+ are extinguished & most investors would gratefully accept 10p ,if offered .
Roll on positive newsflow & a rationale for Nicks £100k punt !!

We could do with more contract news following the RFQs referred to in our trading up date,almost 3 months ago ,having announced one relatively small deal.Positive news would help ,at least ,maintain our SP at or above 3p but the absence of news before 12th April is likely to result in a poor uptake of the additional shares -unless Odonnell changes his/her mind.We all appreciate that there can be a long lead time between the commencement of discussions & deals being signed but presumably the companies issuing the RFQs need to start getting off the fence & making buy decisions with view to regulatory changes & the desire to keep up with The Market & Competition

Clearly ,& ,in truth,all of us were disappointed ,not just at the very deeply discounted fundraising ,but Ken’s ridiculous & ambiguous statement that break even won’t be until 2023 ,whikevin the sane statement declaring that it is impossible to project the FY 2020 outcome until later this year -a total contradiction in terms .I am also very disappointed at the lack of support by Directors,PDMRS & founders (still working for SEE) .
Nick & VSI supporting the placing is ,however,very encouraging & I will be interested to see whether another strategic investor may emerge when the new shares have been placed .If Xilinx value our relationship & potential they could take an influential 10% stake for a mere £9mill-as can any others interested party .In my utopian world 2 or 3 Companies could be interested in building s bridgehead to ultimately use the basis for exerting influence ,or a bid .The Market absorbed 30 Mill shares on Friday & ,if course our SP dropped towards the placing price -so let’s hope the coming week is much more positive for us & provide us with more encouragement & a strong Monday 7am RNS would be a great start !

Not sure whats going on but I can sell over 2mill shares online without fuss but cant buy more than 300k.Does someone want our shares - despite our SP falling back against more volume & buying for some time.
Looks like more market manipulation to me & while believing that we have a technological edge over our competitors I just hope that we have the ability to take full advantage our early mover advantage & we need positive responses to our RFQs ASAP & for Nicks confidence to be rewarded by big deals.

We clearly need the funds so the release of good news before 11/4 is likely to ensure a greater take up of the offer & therefore more working capital for SEE.Ken has no interest in the offer being substantially under subscribed & if there is no news I would have thought we will be lucky to raise 20% 7 that is likely to be newer shareholders who view 3p as a great opportunity - which i did over the few months in 2017 when our SP then languished around 3p & I then increased my holding substantially.We need encouragement & since the Jan trading up date there has been very little & immaterial contract news

So we have to decide by 11th April whether or not to apply for even more shares @ 3p.Optimistically we have to hope that there will be 1 or 2 significant announcements before then,making our applications a no brainer with the potential for immediate "profit" on our new shares.Realistically there may be no substantive news by 11/4 & the issue will be under subscribed,See will raise less & our SP will drift to,or below 3p.It is clearly in the companys interest to be able to release good news & they gave themselves 3 weeks to be able to do so.I will be waiting until the last day & ,ironically, I hope the offer is oversubscribed & we are scaled back,as, if so,great news will indeed have been announced & we will be applying for as many shares as we can @ 3p

Your rationale is sound & mine are all in SIPP & ISA s so if we ever make any dosh it will be tax free although we are likely to have to wait a while longer for tax free gains !

Lets hope ,Terry,that there is some positive newsflow before 19/4 to tempt us to stump up even more hard earned cash for even more SEE shares.

Agreed Lewbo -PG are stating the bleeding obvious as we all know that a SP tends to gravitate towards the placing price & we are almost there in any event.The support of VSI & Nick is what is keeping me interested & my view of Ryan & Paul is that their relationships with Ken/See are not working out which is why they showed little or no interest in our shares at 3p.I appreciate that Ken & other founders have a large number of shares, but so do I /We & it hasnt stopped us buying more shares recently so why would they be reluctant to u=increase their holdings at 3p when our Markets really are closer to fruition than ever before.

I agree & our SP would recover if here has been concerted Director/PDMR buying,as there has been regularly in recent history but,if they arent buying why should we ?

Do Mobile Eye have over 30% of their market.Ken has always downplayed expectations & I believe that he/SEE had little choice but to accept 3p & Nicks investment of £100k tells us what we need to know about his view of our future therefore his expectations.We will have to ignore the lack of interest by other senior Managers