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Anyone new looking in, pay great heed to what Red has just posted, then have a big think about how, with such a string of positives, our share price looks so miserable. At some point very soon, something's got to give, and that gap between Seeing Machines' value and Seeing Machines' share price will close.
Best regards,
Sandy.
P.S. …anybody else hear that? The hiss of a burning fuse (let's hope management don't widdle on it this time).
Me thinks Elon's Autopilot will be doing a Thelma and Louise before long.
Having been raised in the aviation industry, the thinking regarding safety is always: whatever can go wrong - sooner or later - will go wrong. The trick here is always to make sure systems are either dualled (for example, two separate hydraulic systems) or systems are 'fail safe'.
Tesla seem to be prepared to roll their Autopilot fitted cars (which is an inherently misleading title) off the production line using the fingers crossed approach to safety. It's always cheapest and always brilliant – until it isn't.
Mr Musk is in great need of a close friend who can remove the spliff from his lips, sit him upright and tell him unless he sorts himself out – he's on the cusp of losing it completely.
Try this, then click on link: Public Short Positions
https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
P.S. Seeing Machines not listed.
Baxter,
Warren Buffett is oft quoted as saying: “Be fearful when others are greedy and greedy when others are... pooping their breeks!"
P.S. Warren modified his saying recently after I reminded him of his Scottish roots.
Best wishes for a speedy recovery Pdub.
Neck on block time...
Access to further funding should not be an issue for this company. Look at what we already have in the form of contracted business - and, in particular, look at the names of those companies who have decided our technology is the only stuff good enough to install in their brands. If we need funding, our big brand customers represent an enormous amount of leverage, security and piece of mind for any lender (there will be a queue to get in on the Seeing Machines act). And, given our kill rate on the contract front... jeez! Talk about a loud and clear message! Any lender will also be aware that our last few contracts are worth a whole lot more than Ken's quoted: two-and-sixpence, five bob and a ten-shilling note (ball-park figures). And as for that last one - a paltry A$6 million!
Ah, Ken, your RNS scriptwriter is a real funny dude. He makes me laugh - then he makes me cry - then he makes me laugh again - so hard... the tears were running down the inside of my leg. However, I wonder if you could ask him to pitch his next RNS offering by writing it as a drama rather than a comedy. You know, something like:
Seeing Machines is pleased to announce that when Ken was calculating the previously awarded contracts, he didn't realised his calculator was set to rupees. The company is also now aware that the huge number the VW man quoted Ken last week wasn't, as previously understood, his phone number. Also, the Request for Quote originally sought from the Tesco frozen food department has now been redirected to an alternative chip supplier.
Oh, and Ken, remember to tell old Scripty that every good RNS should end on a cliff-hanger. If I could suggest a scene, maybe something like:
Your phone rings. You check the caller ID. It's that Toyota-Tim bloke again. You sigh, "Awe, not Tim again! I wonder what he wants this time? Probably upping his order to fit us in ALL of his pesky little cars."
You reach out to answer your phone. At the same instant your office door swings open.
"Hey Ken, we're having a barbie out back. You comin'?"
You hesitate. "Hmmm, Tim or burger - Tim or burger?"
This is where we freeze frame and a voice-over says (talking Australian). "Will Ken answer the phone - or will he grab his tinnies from the fridge?"
Dan-da-dah!
Tune-in same time next year to hear the next nail bitin', knuckle whitenin', investor frightenin', cheek tightenin', stomach churnin', poop-string pingin' eye-ball poppin', leg wettin' news from Seeing Machines HQ, and find out if Tim ever did get an invite to the barbie; who stole the RNS notepad; and, when Ken opened the fridge door - were his tinnies still there?
All the best,
Sandy.
P.S. Funding? They'll be queuing up!
Guys, we are very lucky. We are in the right place at the right time. We can see the writing on the wall (writ large); The Market cannot. So, if you can, just keep on picking up £1 shares for the grand cost of 5p. At some point Mr Market will 'Get It' and that value gap will snap shut.
"Mind your fingers!"
I agree.
If I stand on any busy street corner (not that I do a lot of standing around on busy street corners - honest!) and observe what's happening inside cars (I know what you're thinking - but I'm not - honest!), many car drivers are distracted - by phones in the main. It's an epidemic - and it's consequences are, at least, costly; at worst, deadly. So legislation will come, sooner or (not much) later.
Also, autonomous cars (I've said it before (awe, please, not again!) and I'll say it again) will be nowhere near any street you or I know for many, many years. Why? Go to that 'pig' of a roundabout nearest your home during rush-hour (back on that street corner again) and ask yourself when an autonomous car would think it's safe to proceed? Hah! Complete rollocks!
That stuff will happen, but only on the type of road layouts those vehicles have been 'trained' to cope with. We've all seen the videos of trial cars becoming confused - just on simple road layouts. Well, set one down in my nearest town and I'd get home quicker if I walked... on my hands.
DMS is coming - big time. All we have to do is be ready. So I'm ready. BMW are ready. Mercedes Benz are ready. Ford are ready. GM are ready... Uncle Tom Cobley and All are nearly ready... Ken Kroeger– well, he's getting ready... If only he could find where he left that pile of signed contract RNSs...
P.S. Ken, they're probably in the same place as the Cadillac one you forgot!
Old Fool, I was a bit 'active' today and was getting quotes to buy at 4.928. I don't pay much heed to the buys/sells printed, but today looked - oddly enough - about right enough (and a bit - dare I say it - encouraging). Be interesting to see how we open in the morning.
All the best.
Thanks Klick, but I've been thinking...
I saw a 'celebrity' game show the other day where a well known quizzer (well known - only if you life''s as boring as mine) appeared on a programme called Catch Phrase.
Guess what? The well known quizzer was rubbish at Catch Phrase. This got me thinking about how we perceive people. You see, I always thought the quizzer in question was really brainy - and he is... but only when it comes to remembering things that don't matter. Where my perception of him as being clever fell to pieces was when he was asked to imagine things instead of remembering things, and it was when he was asked to use his brain in this different way when he crashed and burned.
Which is where our leader, Ken, comes in. What if he's a really brainy geek when it comes to everything to do with our company, but when it comes to telling us about it he's a bit - well - forgetful?
Here's the scenario: Ken's in his office and he's vigorously shaking the hand of a smartly suited gentleman. Both men are smiling enthusiastically. Now we zoom in, only to hear Ken saying: "... and thank you for the VW Group order for squinteen squillion dollars!"
"Your welcome Ken. Your tech knocked it out the ball-park."
Ken walks the VW man to the door and they say goodbye. Now watch what happens...
Ken crosses to his desk rubbing his hands together vigorously, "VW, Audi... the bloody lot! Now where did I hide all those RNS headed notepads?" He sits and begins searching his desk for the appropriate paperwork. THEN, he spots a packed of unopened digestive biscuits in a drawer. Well, now we all know what happens. He rises from his desk, crosses the office and clicks the kettle on.
Now Ken's standing gazing up at the ceiling, smiling, and imagining a crunchy dark chocolate digestive dipping into his fresh hot brew. But, of course, Ken's forgot to fill the kettle, and the dodgy old electrics set fire to the stuffed six foot kangaroo right next to it (Ken shot the kangaroo on the same day he should have been back in the office remembering to write the FCA RNS). Now the whole building's caught fire - and all because we won the Audi contract.
Later that day...
Ken's is being interviewed by the local press from his hospital bed. "So, Mr Kroeger, what do you remember about the incident?"
"That's a very good question. You see, it's all down to motor manufacturers. You can't live with them; and you can't... can't remember.. Hell! Now I remember! I need more digestives! Oh, and we've won a huge bloody contract from..."
Ken's secretary steps forward and touches his shoulder. "It's okay Ken. The office junior's got this. She's issued an RNS saying we won the contract from Noddy."
Hi Wilson, hi Numpty, hi Phil,
A lot of my particular Reasons to be Cheerful were punctured and fell to earth when management kept firing dodgy RNSs into the air. There was the 'Mike Thing' the 'Guardian Thing' and the same old no news released when we had news to release - remember, the Emirates news was on this board before the RNS was released, then the first German win was also in the public domain before the RNS landed - and we all know about the Cadillac news that never was (excuse me while I spit more feathers).
However, I'm still paying attention to this board and the great research our super-sleuths keep turning up - so thanks to all who give so much of their time to 'digging'. I've also been adding to my collection of SEE shares - boy-oh-boy am I going to be a pain in the coccyx when this comes good.
Anyway, I've been thinking about my slightly over enthusiastic Mobileye comment earlier and, hell, no, I'm right! (he said, stretching his thin pink neck across the block). Mobileye's target market is road'going passenger vehicles, which is exactly the same as our target market - except for one thing... it's not! Our target market is bigger; much bigger, because we've also got trains, planes, mining, HGV and every other AI machine built in the future which will be trying to stop the human operating it from killing itself. That is one helluva market! So what am I thinking of comparing us to a tiddler like Mobileye - huh, the very thought!
And now, a short prayer. "Dear Ken, who art down below, please take a look at a company listed on the same London exchange as us. It's ticker is VRS. These guys issue RNSs even for confidential, top-secret, shhh - don't tell anybody news, and their share price has gone from Not-a-Lot to, "Why did I jump off at 50 pence? (oh yes, he did!). So slipping news out can be done, even with Client Confidentially clauses, it's just that you never seem to give two-hoots about how or what the office junior eventually writes.
So, please Ken, before I've been invested in Seeing Machines so long that I start tripping over my own beard, send me just one itsy-bitsy-teeny-weeny bit of good news?"
Best to all,
Sandy.
P.S. Oh, and Ken, on the subject of big beasts, blink once for Apple, twice for Google, three times for Elon, four times for...
Guys,
They're all here! No matter how much we mank about the share price (and, boy, have I been manking), the parts of the Seeing Machines jigsaw are all here - they've all been laid out in front of you. All YOU have to do (despite our management) is start piecing them together.
Seeing machines IS the next Mobileye (steady, boy). Look at the evidence! Which other company has installed their tech into a road-going car and that tech has won plaudits from every corner of the motoring press (where are the write-ups from any similar DMS?)? Who has won contracts with a string of top household name manufacturers (now, have a wonder why they chose us?)? Which other industry is seeing legislation that hurries huge buyers in its direction (does it get any sweeter than that?)? What other company can go to every major motor manufacturer in the world and show them Super Cruise nailed to their CV? Which company invented a whole new industry which (lucky for we shareholders) Mr Market still hasn't yet twigged (but soon would be good)?
So what are you worried about? Fund raising! I couldn't give a toss, because this company has now at long last passed that thing no one can see: an inflection point. Now, every company who has any interest in building 'machines that understand people' know the name Seeing Machines. They know our tech works because they can see it working. They are all there, prodding and poking, humming and haring, but those orders will come - if it's the best in class they're after. The really big guys are there, too, like vultures on a cliff-top, waiting. They all know who we are. They all know what we do, and they all know we're the best at doing it. Tick-tock.
All we need now is to hear the 'pop' of Ken getting his finger out and starting to feed the market one or two nice little snippets... like the 'all Cadillacs to be fitted with Super Cruise' RNS we STILL don't bloody-well have!
P.S. When I said I don't give a toss about a fund raise... maybe I got a bit carried away.
P.P.S. I know this was a bit rampy, but guess what - I got carried away - again.
All the best,
Sandy
Well Done. Donation made.
I know we're a long way down the road on the low bid conspiracy theory path, but what if that theory's wrong?
For instance, we've all got an understanding of the man Ken Kroeger, and, in my opinion, a sneaky low-ball offer just doesn't fit his character. So I've been asking the Ken I think I know (I don't know him - but you get what I mean?) some questions.
So, Ken, some folks are thinking you're angling for a low-ball offer for our company; the same company you've nursed along for all these years and is at long last gaining the right sort of business from the right sort of companies in the right sort of sectors - one of which is red hot. It's so hot that you, I, and everybody else can feel deep in our bones - right-time-right-place - Seeing Machines is set to go ballistic. So, a question... is this really the time you'd be thinking of trading the most exciting period in the company's history for a back seat - or no seat? Some people suspected you might be ready to give up the possible mantle of being the man responsible for saving millions - billions of lives all around the world for an early shower and a bag of cash.
My big problem with that scenario is - that's not you, Ken. I can't see the man I know (same as above: I don't know him but you get what I mean) trading this incredibly exciting time in the company's life for a Golden Goodbye or even a Golden Hello. And if what ever company you sell out to keeps you on, you're no longer in control. Ultimately, someone else tells you what to do and some faceless, global player will be the name who brings safer Human/Machine Interface to the masses. I've listened to your video interviews over the years and you seem like a really decent bloke. Definitely not the quick-buck type. At the last investors' evening, lots of the people reading this met you and talked with you, and their impressions were very positive (readers who've met Ken, your comments on the man would be very welcome). So, would you grab the money and run? I don't think so.
Something else that irks is the situation in which we now find the company. It's a situation not helped by the quality and scarcity of your news releases. In fact, it's the quality and scarceness of you news that has brought us to this point: the point where conspiracy theories are flying all over the place. I'd also add that the impression I get from the news you do release is that nobody at Seeing Machines HQ gives two hoots about how they're composed. A number of these things also look as if they've been written by the office junior, who sometimes, it would appear, hasn't bothered to check with a grown-up if they've added all the relevant facts. Sometimes we on this board even find ourselves discussing the latest Seeing Machines' news before the official new is released. So, just how does that happen within a listed company?
Now, putting a more positive spin on things, look at what's to be gained if you stick around (and sharpen up on issuing accurate news - before it appears anywhere else). That Golden Hello or Golden Goodbye we mentioned earlier would look like chicken feed if you keep on keeping on. You know as well as I do that our company's tech is the go-to for Driver Monitoring, and so do Caterpillar, Progress Rail, Emirates, BMW, General Motors, Mercedes Benz, Ford (a Chinese one whose name I can't be bothered to check), and all the... ah, well, just have a look at Lebow's chart. Everybody else is using it, so why not you?
So the long and the short of it is that we're all scrabbling for answers, Ken. Are you going to take us all the way or is it every man for himself? I believe you're still a player, but there's a definite disconnect between what you think I need to know and what I know I need to know. Unlike your office junior, please show me and everyone else here that you give a lot more than two hoots.
Nice digging Seeing2020.
Was that last RNS (Bdms) another of Ken's understated announcements?
Dear Seeing Machines,
I don't know whether to laugh or cry!
If the latest revelation regarding our Guardian Back-up Driver Monitoring System is correct, how can news like this POSSIBLY appear in the public domain before it has been RNS'd? You see, there's a certain convention...
... Sorry, I just had to nip off and shut myself in the cupboard under the stairs - her indoors hates the sound of sudden anguished screams.
Anyway, where was I? Oh, yes, your Public Relations department... sorry... I've just started... just started... laughing... and I... I can't seem to be able... to...
(Sound of cupboard door opening then closing... heavy sobbing followed by a single ear-piercing shriek... cupboard door again... polite coughing, then...)
There's a certain convention relating to the release of official company news which, strangely enough, usually means good news has the same priority as bad news; something which you PR department seems to have...
(Cupboard door slams... sobbing, high-pitched squeak... silence).
...how we all thanked Hunter Hall for our three pence buys? This is all part of the game. You've all done your homework and nothing has changed. Buy When Others Are Fearful.
Thanks James.
As for having enough material, I'm sure that 'kingfisher' will pop up again... sooner rather than later.
Another story coming up...