Member Info for OldFool13

And I think Safestocks sums up us stale holders nicely:

Amazing news?

Regarding Gen 3 sales, I’m also hearing a whisper that Seeing Machines has begun trials with a global US online retailer, which is A household name. If they are successful and a deal is announced a few months from now I’m pretty confident the share price will soar on that news alone. Can you guess the name?

I’ve been in this stock a long time, too long in truth. However, I’ve no intention of selling out when the company is so close to achieving breakeven. That’s because I believe it will trigger a bidding war. Do your own research of course.

Blimey, have I come to the wrong BB. This one seems to be intent on driving the share price down. Must be a lot of mugs holding onto shreas they no longer have faith in:

Anyway back to reality

1.9 – 2.1 million annual production units for Automotive, contributing to high-margin royalty revenue.

A 20% increase in connected Guardian units generating monthly services revenue.

13,000 – 15,000 Guardian Gen 3 units to be sold, predominantly in Q2 at a much higher margin (50%) than previously with Gen 2 units (10%).

Aviation to achieve Blue Label (functioning prototype) product delivery, adaptable for certain fields of use (simulator, air traffic control).

Cash flow break-even run rate target at end of FY2025.

You miss the point by accident or on purpose?

If you now fail to beleive in the companies future, why stay? Tired of reading one sided commentry from people only seeing golden balls McGlone or those choosing constant pessimism. In between you either hold or sell.

Seeing2030, except that on most boards the silent majority, stay silent. All that gets posted are the two extremes, the dreamers and the disbeleivers, and both will assert their oracle like qualities. There is a third type (like Terry) who are all about research but I'll leave those lovely people out of this. The dreamers are still sat at a miserable share price, so are proven wrong. The disbeleivers are still here, moaning and moaning! Why? Sell and move on FFS!

The silent majority get fed up with both sets of devotees because neither is credible. I often stay quiet as the SP is so subdued, and the company are not living upto their own claims, however the product still looks good. Gleaned information seems to point to a great future, but that future was put back by 2 years by delayed regulation so auto manufacturers don't have to go all in and place orders so us muppets have to wait.

I have a long list of companies I have bought and sold (SEE are my 1 long hold) and I have gained and lost thousands but damned if I am going back there to post again, its a sheer waste of life. I put many of the Trolls on filter, but tolerate a few negative types, but man I'll never understand what keeps these people holding, (allegedly) and moaning.

It bothers me when supposed SEE holders only repost negative views. If I had such a negative opinion I wouldn't hold, and would not bother to post again. I must be weird

Sure Glandore. But for balence you could have, instead you chose to focus only on the negative.

So you don't think that drawing forward these revenues into a period they will be needed away from a future flow of finances they will be regarded as a mere sideshow (assuming the projections are conservatively correct) is not an extremely good use of cashflow?

I'm not a big McGlone fan but I can recognise a very astute move.

It was more or less what was expected, but that is not good enough is it! Been waiting for the Jam for a long while now and this company are just are not making any. PR continues to be abysmal. All leads to allow an article like this today.

https://www.cityam.com/seeing-machines-revenue-accelerates-but-losses-mount-as-transition-drags/?fbclid=IwY2xjawE7w5JleHRuA2FlbQIxMAABHaw6WtEvlQxf1y5aKHxQOrVLI8djfR_2awY_-6xnSOqpc8EQBRGaNuQV3A_aem_3pAQoa7ZoEc50zBahjD5uw

Not good enough at all.

The legislation dictating implementation was moved back 2 years, so therefore the need to include DMS / OMS has also slipped. Why would a manufacturer release future car interior design and give the competition time to react? Sometimes people on these Boards are so small minded. Show me the other companies announcing big releases .... 700 MSEK is not huge like the likely ones in the pipeline.

Very interesting timing, the day before the anticipated Seeing Machines Trading update (slated for 15th but has been changed to "August"). Almost like a damage limitation exercise to deflect attention. The statement that also includes BMW as an active customer tells us loads about the reliability of this information.

Is this the first time one of their RNS's have named manufacturers? Anyway the SEE SP is much more active today again which is all I am concerned about really.

"Not doing much for the Share price", then again the RNS notification is not showing up in my premium ADVFN or LSE notifications. Yes I can see it on Investegate, so missed by many I should think, certainly by this Oldfool ! :-)

This is SEYE surely ..... you can see the same on this video at 8:52 from 2 years ago

https://www.youtube.com/watch?v=FtauBmUQ7Ak

So why even read his useless posts and reply to feed his ego?

NDA only prevents disclosure of a contract entered into. Good PR would grasp the opportunity to distance themselves from the problem, but sadly SEE have terrible PR so we sit and smirk and the SP just grinds along the floor.

Thanks for posting this Aaron, nice review and description of the software "Piece of Sh 1t". Worth a watch guys, and I wonder why BMW got rid of SEYE?

.

Todays sell off is really weird though, todays tweet just derisks the venture. Traders baffle me sometimes.

Phil I would turn your question on its head: "no new contracts in spite of the oodles of RFQ on the table as we were told a two years ago." So who announced those contract wins? SEYE did annonce one but no more have been announced by anyone, so the Manufacturers are sitting on the decision until models come to market. Not really something anyone at SEE can address.

I am tired of the SP performance and that last RNS pretty much eroded the last shreds of my faith in the CEO, but I have faith that the product will win out in the end.

You have guffed up once again, how the hell do you manage it with such efficiency? Its probably the only metric you are managing to meet on a regular basis.

Seeing-2020, not wanting an argument, but you don't seriously beleive what you wrote there do you? Do you think the likes of Nissan, Toyota and the others have not made a decision on their supplier for DMS yet? or do you think PMG's Billion Dollar RFQ never existed?

While some manufacturers are happy to play by the rules you state (correctly) others will seek secrecy on their future releases for as long as possible. I'll guarantee that Billion Dollar pipeline has been agreed upon and NDA's imposed and if they want to stay on the legal side all that has to happen is that the contract not be signed off in finalisation, no money changing hands, nothing to announce. I wonder if PMG and MI would invest so heavily in the contract amounts that are in the public domain right now! On the other hand perhaps SEYE are the winners!