Member Info for phil01

SeisNav,

Magna will take a patent to protect their offering, but that does not stop other mirror supplier developing their own Interior monitoring DM mirror.
That does not equate to us not selling to those mirror suppliers.
For example, the fact that we sell to GM Blue Cruise who has a patent on this does not stop us selling to Ford for Blue Cruise.
If we have hog tied ourselves to GM just because they are a big player ...well you can imagine the rest...
Again I repeat exclusivity is never to the advantage of the one selling the exclusive license they are usually in a position where they need the money and get that in exchange.

I must be the only person that is not as pleased with this deal as everyone.
Good point is that the conversion is at 11p per share, but that is only if Magna wants to convert else they will take their 8% interest thank you. Upfront good if we really are desperate for the money.
We are already working with Magna, if our offering is that good they are not likely to go to another vendor, so why tie ourselves to just one player when we can be neutral and sell to any other company that develops interior mirror.
If the fight for interior sensing will be in the interior mirror space, other interior mirror suppliers will soon be going for similar product but we have excluded ourselves from consideration by hitching our waggon to Magna and magna alone. we have just left the field to other for other OMS vendors as I am sure other interior mirror companies will be pushing to get a similar product of their own. [ A bad analogy I can think of is something like Microsoft tieing themself down to Intel chips].
I believe we should have remained independent and played the field, unless we are not as good as we think and they could have walked away and used SEYE or some other DMS/OMS vendor to achieve the same result...else we needed money badly and the upfront payments was crucial for our survival.
Maybe my view of the company is much higher that what we really are. I thought that we are now much bigger size and big corporations can no longer hog tie us into exclusivity deals. The Caterpillar exclusivity deal took years to unravel and buy back some of the areas of exclusivity that we sold out.
All exclusivity deal always suits the person that is requiring the exclusivity and not the person that is selling the exclusivity. The seller gets some money to sweeten selling the family silver.
My question remains, if we are that good that they all have to deal with us anyway, at least most people in this board seems to think so, why sell the family silver if we don't need the money? At a rate of 8% interest, we could have taken a bank loan close to that rate to cover short fall if we needed the money.

In short EQT will get £5M over the course of this deal.
From the initial £6M:
£4 million paid to Deeside WTV to fund its payment of the Option fee to Logik under the amended and restated SPA.
Hence EQT will get the balance £2M.

From the second Tranche of £9M:
£6 million to Logik to acquire Logik WTE (and accordingly the Project land).

Thus, the balance £3 Million will go to EQT.
Great news, as all income is welcome in this economic environment. Not terrific as I was hoping for more.
Would appreciate if the company will simplify their RNS's and not be too verbose just for clarity. They tend use a million words when a couple will suffice, and people gets lost in the woods of superfluous details.
Like this announcement unless you have time to pick through the entire release and side information you may come out of this release with a view that EQT has suddenly come into £15M or something close to it.
....EQT sell project for £15Mill with £5M attributable to the company and the rest used to settle outstanding commitment on the land is really all that investors wanted to get from the RNS.
That could have been said in less than a multi-page RNS.

SEYE collaboration with OSRAM definitely one to watch. While SEYE is the closest competitor with SEE at the moment it is still hard to say which will be the dominant player.
Whichever one of the two companies you invest in, you will make good money. Hopefully SEE will announce its offering incorporating the tech from the Optics company that it licensed early in the year. I was hoping that the award of the outstanding RFQ's would have started to drop.
SEE is aggressively recruiting same for SEE, so hard to judge who is winning these RFQ based on rate of recruitment.
If the award is still pending, then it may well be because none of these front runners has so far satisfied the OEM or Tier 1 suppliers that they can deliver on the extra features they want.

Great acquisition by Harman. How this may affect us long term I am not sure yet. I am hopefully the licensing of new tech from an optics company that was announced by SEE will be to position us for these challenges.
The fight for OMS domination will be based on the ability to detect vital signs and passenger localisation within the vehicle.
They are using radar and at the moment we are using IR, for DMS I believe IR will still be the go-to tech until something else better and more cost effective comes along.

At the moment we are all just guessing so it is a wait and see. What we know is that the current $1B+ RFQ's is outstanding, there is new feature sets being required by the OEM. SEYE and SEE are in a nuclear race to deliver on the new feature set, based on the rate of recruitment at both SEYE and SEE, unless they are both recruiting just for the sake of a strong desire to waste money on staffing cost. I am expecting the announcement on who actually won the RFQ's over the next 6 months and that will provide a bit of guidance. I am not in the camp that thinks that SEYE offering is crap and they will fold in the next six months, each company has its strengths and weaknesses and each OEM's path for meeting the regulatory requirements will be different so their choice of which teach to use will differ; so long as the tech meets the regulatory requirements.
As an investor, I am in SEE because
1. I believe I will make money in SEE.
2. I do not have access to invest in SEYE, but I also think that they will make money in SEYE.
So long as I make money in my investment I do not really worry about who else makes money in theirs.

As for king of DMS, I stand with PM on his statement about a year ago that there is no such thing as king of DMS because just because you win in a round of RFQ does not mean that you win in the next.
For SEYE, as a marketing ploy, I can see why the call themselves king of DMS, because till date they have over 1,000,000 cars with SEYE DMS on the road and we have about 475,000. That however is looking in the back view mirror, history rather than looking at the future on what is coming. The results of the current batch of RFQ will show who has the upper hand currently ...but as PM said even that does not make any company King of DMS as past award does not indicate correlate to future awards. [ As an example SEYE had the award of BMW, but in iDrive8 SEE now have it...in yDRive xx which company will win that RFQ is anyone's guess.]

He is just someone seeking attention.
Best ignore him and he will go away when he is tired of talking to himself.

UpDownWeGo,
Sorry that was not meant to be personal and I apologise it it appears to be that.

It is just that sometimes I despair with the maths in this board, if Ford is going to make 600,000 EV next year, someone inevitably multiples 600,000 by £10 and equates it to expected revenue of £6M for SEE next year. No wonder they get discouraged if the SEE price does not reflect the fact that we are due £6Mil next year.

The problem is that whether by omission of intent they forget the fact that SEE is an option in most of these EV, so 600,000 EV does not equate to 600,000 SEE sold.
Any person that is well grounded and doing their research will pick up on this and maybe come to the conclusion that we are all deluded in this BB.
Maybe just my analytical nature but I had expectation that we are all at least aware that SEE offering in standard in some trims, available as an option in some and not even available as an option in others.

We tend to see SEE at everything that has a shade of red, one reason why a lot of people are in despair that the price is not where there imagination has place the share price based on all our imaginary wins.
the dots in the middle of the column is the "eye reference indicator.
"......Since the A300 Airbus has provided an eye reference indicator on the centre structure of the windshield in all Airbus aircraft . It enables flight crew to adjust their seat position so that their eyes position matches the eye reference point. ....."

People should cool their jets and relax, the share price with get its re-rate once there is actual beef on the bones not imaginary ones. At the moment we have about A$300Mil of confirmed contracts. That is lifetime value, so if you assume that the life time of each model is 7 years, that equates to about A$$42Mil per year . At the current time that does not scream of a $4B company, which people that believes that share should be worth more that £1 are alluding.
Until we get certainty of more awards and more evidence of forward earning the best we can hope for is about 15p per share.
As for people that think PM has RNS tucked in his pocket and just needs to pull it out when needed , especially when his bonus share option is concerned ..the less said of that view the better. Lets calm down as some of the views here are putting off new investors as sometimes it sounds desperate

Suspicious why all these huge buys are coming through all of a sudden?

I suppose that is why people should listen to PM when he talks about potential share of the addressable market. We do have some delusional people on this board, but then each to their own, as we have people talking about SEE having 70-80% of market share a year ago. that was even before SEE made a decision to enter China this year.
The 70% of addressable market share that was talked about yesterday, implied that SEE will have 100% of all DMS barring the 30% in China??????
Do your research, invest if you believe in the company, but howling at the moon with expectations of £1+ take over in months is just a bit of smoking something you should not legally be smoking.
I am sure we should all do well in time but not until the revenues starts piling up and we have order book of over at least $600M. We have professional analysts and paid company brokers giving a target of 20p, which we have yet to breach. In time we may get to the £1 but all depends on prosecution of programs as well as more awards and clear visibility of earnings.

Unfortunately I did not dial-in due to being on a call at work. Does anyone have any update that they can share?
Will also be interested to hear their answers to the questions that were submitted, if any.

Thanks LTbeliever, but I was actually talking of the dial in link to attend the meeting online, via a webcast.
As per the following line in their announcement of the AGM:
"...Additionally, shareholders will be able to listen to the formal business of the AGM via webcast. An announcement providing dial-details for the webcast will be issued in due course and will be available on our website www.korepotash.com "

Has anybody got the link for attending the AGM?

Some people here seems to be obsessed about what SEYE is or is not doing? Maybe people with a lot of free time on their hand... advice is get a hobby.

The notice for the meeting gives a detailed explanation on the Technical assistance and the agreement to pay with shares, if anyone really cared to do the research.

the technical assistance was supposed to be completed in 8months time and the authority to pay using shares was secured for that period. Due to Covid or whatever the technical assistance took longer to complete so by AUX regulations they need another authorisation to be able to pay this in shares,
If the authorisation is denied by the share holders then they will settle the outstanding balance in cash.
Nothing mysterious to read into that.
In some way, I hope that authorisation would be denied by shareholders so that they can settle in Cash, since the conversion share price negotiated at the time, over a year, is less than 1p while the current share price is significantly higher. Except that SQM is a significant shareholder and ally so not a great idea to **** them off, by opting to pay in cash now just because the shares are significantly higher. They took a chance and could have been worse off if the shares were lower, so I suppose it is their luck that the shares are higher that the greed conversion rate for the outstanding money owed.
In the grand scheme of things I do not grudge them the shares.

Yes was expecting an RNS this week. Anyhow I would not imagine then having the AGM without the RNS being out, so at worst it will slip to next week.
Just my reading of things and not intended as an investment advice.

yrabs,
I am sure they will welcome your help in sourcing funding if you could just email or contact management via twitter or linkedIn.

I was going to add that, if most holders have log term vie and refuse to sell then that will change the dynamics.
The key holders, institutions, are not here for an uplift of a few pence. Their exit strategy will probably be via a trade sale once then potential of the company has been realised.
Like most shares you will have some PI traders who are quite happy with 10-20% uplift so they are really interested to the end story, just what they could make today or next week. I suppose everything depends on your investment time frame. [ If you are in your mid 80's then I suppose you are not interested in a company that may 100 bag in two years .. unless you are thinking about grand kids inheritance or such.]

Rock,
I believe there is enough free float for liquidity. Even though PI only hold abut 26% of the shares, this still equates to about 850Mil shares.
Mind you if no one wants to

Volume definitely picking up. A few hefty buys coming through now.