Member Info for redindi

S2020

Due to savings, cash burn reduced to A$1 million per month, savings of A$12 spread over the two years brings it down to about A$12/13 million per year or A$1 million per month.

Shallwe

Indeed. Look at Nanoco, it's whole future, almost, is coming down to winning a patent infringement case against Samsung. I hope Nano wins otherwise what's the point!

S2020

Agreed. If the CEO had remained the same, there would have been no redundancies, any excuse for a placement, probably close to 1p per share and if the IIs don't like it, tough.

Best thing that happened is PM took over, SEE could never realise its potential with the attitude towards value of the last incumbent.

Curiousity

Surely a Visionary would know that and also SEE the need for a change in direction?

RossC

Maybe SEEs latest investor is (almost, bar another 0.05%) further guarantee there won't be an opportunistic bid at a low SP. To do that the bidder would have to secure all 3 major shareholders, a pretty difficult job even before the latest investor. Take the 3 plus founders and you're almost at 50% so any approach would have to be friendly, at a fair price, to stand a chance.

Yes, next week will be interesting although there's lockdown and lockdown....

Ark

S2020

I don't know for sure but it could lead to a flood of new investors.

S2020

Not exactly, but we are invested in a business that potentially, worldwide, could save 10's, if not 100's of thousands of lives and many more from live changing injuries. And that is what it's all about. Of course, it may also lead to financial rewards for some in the process.

What's Super Cruise got to do with Ford?

Wrong country and not really an II but if it had taken a strategic stake of 10%, there would be no question about it being a positive step, which it is. Just imagine if it was Softbank who took the 10%. Maybe it's Ark, that would almost be as good, roll on the 28th

Shallwe

Until 28/10, the new II is not officially a holder so no need or can't name yet

Jimmy

Everything pointed to no need for additional revenue. Thinking about it, PM has said as much on more than one occasion. This is strategic, it smells, walks and feels like it. The identity of the new investor is the interesting bit

Somehow I don't think this was needed as in extra funding. 2 negotiations as far down the road as MOU, and probably signed as far as we know, that will probably generate about the same amount in the nearish future and SEE decides on a placement. Which fits its strategy ie US investors. If 1 or both of the two deals at MOU stage had been signed, and L3, looks like it has, what would the SP be then? Certainly not at 4.10p. So, this looks like a strategic and massive get on the bus ploy for our new US friend who we should know the identity of next week. That will be very interesting.

https://www.linkedin.com/posts/colin-barnden-1081376_headupdisplay-innovation-aviation-activity-6724970059413909504-FKdO

Yes, let's put a bit of context to it. Nobody knows for sure, what either of the current MOUs once (if) signed up to a licence will be worth up front but it will be worth something. So, let's use the recent US licence deal which is worth up front A$8 million. Use that and it's minimally A$16 million up front with 8 months for others to licence, which you'd expect.

Then, for context, go back over a year when PM said if one licence deal (Aviation) was signed any funding worries would be moot. So, if there are two+ licences signed up, very quickly funding issues are replaced by.....

Beef

You've spelt the first half of the last word correctly but then got the last half totally wrong. I very much doubt Viktor has a clue. From his diatribe he clearly has less clue about 3 Pillars, Legs etc than virtually anyone here and still under the impression SEYE tech and agnostic set up is superior. That's not only weird but worrying

Lewbo

That's a good question but there's a bit of a pattern about SEYE and DMS. As far as timeliness are concerned but SEYE and DMS don't seem to have much luck -

1. Audi A8 - binned apparently due to Audi liability concerns and German government concerns. Other, not many, Audi's probably suffered the same fate.
2. JLR - decided last year to use torque based DMS until 2022
3. Porsche Taycan - empty grey case
4. BMW - 3 missing models and DMS on earlier ones set at 0mph
5. Geely due last year, delayed but not all due to Covid 19.
6. Hyundai - first ones due last year but another order given recently.

If nothing else, SEYE doesn't have much luck in getting models to SOP or continued production.

Maaaxxx

Your spelling is spot on, shame Viktor hasn't got the hang of it.

All this King of DMS is getting tedious now. This market has barely started and some believe its ended, and probably decided there's no need to go further. TLS is probably a lot closer to the truth going forward but I doubt Viktor will ever agree on that, after all he wants to keep his job.

However, so be it. All this shouting is obviously for a reason, trying to draw people's attention from what's happening. Now, although SEYE may be fitted into 6 BMW models, they only measure at 0 mph whether the driver is looking at the road. So, a great step forward. And on that point, for now, SEYE are the Kings of Stationary DMS.

However, there is one DMS provider who can do the job at near 100% availability and up to 82 mph and does have 1 model on the road which is still being sold with the tech turned on and who in the next 24 months could have 10,20, even more cars on the road.

So, on that basis, for those who like this sort of thing all hail Seeing Machines, the Kings of DMS.

Though I'd prefer it for a semi conductor RNS PDQ rather than some meaningless name tag!

Jimbo

Yes, auto doubling, Fleet doing what Fleet does, and, for now, 2 that SHOULD be signed pre 30/06/2021, the probability is NOT a fund raise but a profitable year. And, with hopefully more to get to the signing stage pre 30/06/2021. Good times coming, please.

UpDown

You're right, no eye tracking until 2022,torque based before. JLR announced a few months ago it was 'delaying' until then. Up to then, it had been assumed this or next year, all new or refreshed models would have eye tracking but not SEEs. Alas, delays, delays.....