Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Terry,
Does your company do anything at the Great Yorkshire Show? Or are my assumptions that you're in that line of business completely wrong?
Once again, apologies to all for - the obvious.
Lewbo,
Soon you're going to need a bigger... chart.
Mr BB,
You're not ramping. Yesterday the scene was set by senior management.
For years I've been screaming at woefully written RNSs, hoping that one day – ONE DAY - they'd hire a script writer to pen something with a bit more pizazz. Alas, I just had to keep on screaming. So these guys never EVER over-egg it.
But there they were yesterday – those very same 'let's not over-do this' guys, telling us our overall market share (of a WORLD market) could well be 50%. We have the majority of European OEMs, we have All the major OEMs in North America, we've captured our first Japanese OEM and are 'engaged' with four others, where – toot-toot – they don't have a domestic equivalent to our technology, and we appear to have much less direct market competition than expected – in a market where our customers are paying a premium to have our technology in their vehicles.
No, Mr BB, you are not ramping.
Bonzo,
If we agree Seeing Machines' tech is way ahead of the competition (the Tier 1s buying into it are testament to that) then which OEM is going to risk their reputation on something not quite as good?
As Nick D implied, auto is a cut-throat industry. So if we put ourselves in the shoes of an OEM, do we discard the AI of the sector leader to ensure diversity within the industry, or make sure our DMS/OMS is at least as good as that of the competition?
With that in mind, just 50%?
For those of us - still of sound mind - who have studied the Seeing Machines story for many years, the continuing growth in blue-chip customers only confirms the calibre of our technology. However, for anyone new looking in - have a think about the following...
Surely it would be considered a very positive investment sign if any major technology company added another company's software to act as the beating heart of its own. And surely such an action would not go unnoticed by any keen tech investors(?). Such a bold move might also signal the pedigree of that imported technology (might even cause the 'Good Investment' bell inside any techy investor's head to start ringing).
Well, with Seeing Machines, that's just what happened. But - and this is a good but - it wasn't just one company who sought out Seeing Machines' string of magic data. There was another – then another – then another... The thing is: now lots of them have grafted Seeing's AI into their core technology: a whole bunch of them; an ever growing number of major industry names are all 'voting' the same way.
It now turns out that Seeing Machines have quite a list of vehicle manufacturers and (perhaps more significantly?) some lovely wholesalers, selling volume into the world's auto supply chain. And the cherry-on-the-cake: mass licensing - minimum cost! So these wholesaling Lovelys of ours are buying Seeing Machines AI, making it part of their own systems, and selling the resulting box-of-tricks re-badged as their own (ever heard a similar scenario play out before - perhaps in mobile phone technology?).
Now, a word of caution: if you're a wise old investor, you won't believe a thing written on any bulletin board (until you establish who to trust and who's blowing smoke up your... flue). That's why I urge newcomers here to check out our RNS list and confirm the above ramblings for yourselves. A bit of research into this company might perk further interest and, with a bit of luck, you might even begin to hear the sound of that little investing bell.
Then, after you've done your RNS research, ask yourself these final, simple questions (this method saves messing with all those complicated chart and graph things): those big companies you've just read about (yes, the ones who shop at the Seeing Machines' Software Store), do you think those companies are installing our tech in the hope that some sort of wild gamble pays off one day? Are these major global suppliers crossing their fingers, squeezing their eyelids shut, raising their collective faces towards the heavens and whispering, “Please, God.”?
Well, perhaps they are. Or maybe these same companies understand more about the global auto industry, Seeing Machines' AI, and the rapidly evolving world market for our combined technologies than either Mr Market or our sleepy-old share price do?
P.S. No, that's not your phone ringing.
Mr Magna snicked the meeting room door closed and nodded towards the two men sat by a large oval table. “Good morning,” The chief executive crossed to a seat opposite the men, “So you guys will be keen to hear why I've called this emergency meeting?” Nudging the chair with his knee, Magna slid it from its position under the table and eased himself into it. “You need to cut all ties with Seeing Machines.”
Mr Qualcomm's smile of welcome disappeared. “Cut all ties!
“Do you know what you're saying?” Mr Omnivision leant across the table. “We've already got Seeing Machines' tech integrated into ours. All of us have. This is the key technology that's opening the door into a multi-billion dollar market!”
“I know,” Magna exhaled, leant back in his seat and stared from the seventeenth floor window. “I know! My company's already in waist deep. But I have it on very good authority that they've just announced a half year trading update that's a real horror story.”
Glancing at each other, both Qualcomm and Omnivision cried, “Where the hell did you hear that?”
“Sorry, guys,” Magna shook his head, “it's hot off the LSE bulletin board. That's the verdict of KBW101.”
Bulletin boards! Full of people. Every board I visit - there's People! Agitated. Anxious. Irritable. Impatient. On my - perfect - bulletin board there would only be one person - me. That means every comment on there - I'd agree with... probably.
(one second later)
On second thoughts, maybe I would allow a few special guests to enrol. But to make sure my perfect board attracts only perfect people, there would be a strict selection process. The wilderness training would sort the first lot out. Then the survivors would have to supply what I call Proof of Gender photos. These intimate body part photographs would be used to ensure my new board represented both male and female sections of the population. Of course, due to their sensitive nature, they'd be stored in my top secret bunker (hidden under the garage floor. Oops! Best keep that to yourself). It's the ideal place for keeping my little 'curiosities' and, apart from a bit of black mould and half filling with water every time it rains, it's perfect. Digging the place out took months of creeping around at night (you can never be too sure), but one of the biggest benefits is - it's completely sound-proof. Even the loudest scream can't get out! So you'd never know anyone was...
Anyway... back to that new bulletin board of mine. Once I've got all the photos, I'll pin them to what I call my Wall of Victims (oh, don't go reading anything into that. I'm not crazy! That just shows I've got a great sense of humour - just like a normal person - which I am). Then I'd have proof, once-and-for-all, that that nosey old cow who lives next door is wrong: I'm not weird and I do have friends! Lots of them. Look at all my photos! That would sort her – her and her garden fence jibes: “Where'd last night's friend disappear to, eh? Oh, freshly turned soil! Been digging in the dark again have we?”
Anyhow, that old witch aside, once I've got the board's admin sorted, I'll give you a shout. Then, with the vetting done, there's no chance of being penetrated by a fruitcake. I'd also know that each board member is a genuine, living person (I prefer them best). We'd all share the same thoughts; the same beliefs; and the same terror of nosey next door neighbours (and bulletin board weirdos). In fact, you'd all be so much like me – I'd never need to log-on again! I could sit down here in my vest and wellingtons for as long as I wanted, staring at my lovely photographs, carefully selecting my next... Friend!
Stay in touch.
Scoinsy,
Read our White Paper...
https://www.seeingmachines.com/wp-content/uploads/2022/01/Seeing-Machines-White-Paper-The-DMS-Embedding-Challenge-FINAL-01-22.pdf
Shallwe,
My dear wife never listens to anything I say, either - or reads anything I write. Although, to be fair, if I forget to write her a card on her birthday, or say, “Happy Birthday,” when she eventually decides to show up in the kitchen...
S2020
Eggy Bread, eh?
To everyone else,
I'm no better at this investing lark than anyone else (tech bubble of 2000, I thought I was a genius – until “Oops!” happened). However I hope I've learned to identify where value hides. This means I'm very relaxed being invested in Seeing Machines - yes, even when the share price goes into reverse. So once it does remember where all the forward gears are, I'll once again revert to being an insufferable genius.
Meantime, here's my four very simple reasons for being invested in Seeing Machines:
Our Technology
Qualcomm
Omnivision
Magna
Richard Griffiths
Saint Colin Barnden
Uncle Tom Cobley-n-all (Uncle Tom is still to be announced, but he should be spectacular).
P.S. I'm not very good at counting.
Sorry about getting those two entries listed arse about face.
So just because our share price doesn't yet reflect the confidence those Tier 1s have already placed in us, that's no reason for self doubt. In fact, some might say an uninspiring share price could be played to an investor's advantage. So on that theme, here's another story...
I recently saw a video briefing by a young analyst called Eric Nuttall (Senior Portfolio Manager with Ninepoint Partners). Of late, this outfit has done very well from the oil sector. Part of that success was due, as Mr Nuttall states, to Energy Ignorance: a complete lack in mainstream understanding of how oil is used. Mr Nuttall speaks about a widely held public perception that within the next two years we'll all be driving electric vehicles – so who needs petrol, diesel or oil? This general misconception, combined with the events of 2020, meant the price of oil - did what it did. Energy Ignorance was in full swing.
However, as Eric points out, oil will be needed for many, many years to come, as oil is essential if this modern world is to function (Google: Oil and its Uses). So when The Market was running scared; when oil prices were drilling their own hole, no prizes for guessing what Mr Eric was up to.
So what's the (now rocketing) oil price got to do with Seeing Machines? Well, right now we're suffering – not from Energy Ignorance – but from DMS Ignorance. Our share price hasn't dropped because everyone thinks the stuff we make won't be needed in two years' time. Our share price has dropped because very few understand that in two years' time everyone will be wishing they'd bought two years earlier! All that's wrong is the investing world is suffering from DMS Ignorance.
Seeing Machines' technology is the key to a new era of man/machine safety. Its sole purpose is to stop the most intelligent species on the planet (?) from killing itself. And that technology is NOW on its way, big time. Seat belts, air bags and DMS – all fitted as standard – to everything on wheels. Hell's Bells! No wonder I get excited and pee myself.
So after all that, if you, as an investor or potential investor, are still feeling negative - this is possibly not the place to be. I mean no offence, you can Gloom and Doom all you want, but just wait and see how quickly negative sentiment can turn. Because this technology is already in showrooms, and as volumes of these cars, vans, coaches and trucks start rolling onto the world's roads, all it will take is the right pundit in the right place to wake up and ask one simple question...
“Hey, so which tech giant makes all this great DMS stuff? Microsoft? Google? Apple?”
“Well, none. It's actually a small Australian company called...”
(Oops, just nipping to the toilet).
I logged onto this board a while back – then logged straight off again. There appeared to be a bit too much Doom and Gloom about. Our share price had dipped and apparently some folks' sentiment had gone with it.
Sentiment can be a powerful emotion, but it doesn't trump years of this board's solid research. Sure, at times sentiment can affect us all; some individuals more then others. It can raise us up; it can pull us down. But what sentiment CANNOT DO is affect the intrinsic value of this or any other company. So, if you're NEW HERE, let's talk about the value Seeing Machines is in the process of creating.
In the world of automobiles, this company has evolved a new, incredibly advanced technology that's now in the process of being adopted on a global scale. So logic informs us that our potential market must also be on a global scale. That, dear reader, is because in the very near future the modern world's rules will change, and technology like ours (and our competitors) MUST be fitted into the 'brain' of every road going vehicle with four or more wheels.
All those new cars, vans, coaches and trucks – well, that's quite a queue at the checkouts of companies selling Advanced Driver Assistance Systems, each one fitted with 'someone's' DMS chip. However, as an investor, wouldn't it be handy if there was some sort of clue as to which company's DMS chip was best. Well, read on...
You see, Seeing Machines already have firm, multi-million dollar contracts with Original Equipment Manufacturers (companies that make cars). Oh, very good, you may say, but (pay attention) now the interesting part. We also have deals with multiple Tier 1s (companies who make stuff to sell to those companies that make cars). Now this next snippet of information is something that makes me, as a share holder, occasionally dribble with excitement (our competitors might also be dribbling - but for a different reason and from a different orifice). You see, some of our Tier 1s have already morphed Seeing Machines' technology into their own (oops, just dribbled again), which means these companies (major industry players) are perfectly happy to stake their REPUTATIONS on the know-how of Seeing Machines. Now pause and think about that for a moment, then, just for fun, try finding another DMS supplier with that sort of backing on their CV?
So why are these companies grafting our tech into their own? Well, what Seeing Machines has created is a cutting edge, first in class, flexible, low power, low cost and unrivalled technology (read our White Paper – oh, yes, just read that White Paper). Our technology – along with that of our less accomplished competitors – is now being built into the world's critical safety systems. Although the huge difference for us is: our Tier 1 partners have the ability to place our tech – not only into vehicles – but also into a whole host of OTHER devices!
The Longest Shot,
Thank you for the information. Something worth pointing out to anyone new here: look at the list of people who 'Like' the article.
Best regards,
Smug Smiling Person
https://www.linkedin.com/posts/robertbloomquist73_dashcams-ces2022-nextbaseiq-activity-6893344988277932032-xTNo
Before this tale begins, a cautionary note to all those who have never before played the AIM game: Never EVER believe ANYTHING you read on a bulletin board! Now, if you're sitting comfortably...
Quite a number of our investors have been engaged in a bit of fun - trying to predict where our share price might be at the end of '22. I've avoided joining in, not because (as a very close relative has just informed me) I'm a 'miserable old scrote' (all I said was her sister could at least telephone before just turning up and screaming, “Surprise!” through the letter box). Anyway, the actual reason I haven't joined the fun ('hilarious' in-laws arriving unannounced and swilling my Chateau Haut-Bergey 2007 as if it's tap water, aside), is because our more pragmatic readers would find my moon-shot guestimate of 2022's share price completely unrealistic (something that could play into the hands of detractors and be used to cast doubt on the veracity of this board). However, as you know, huge price rises are not unknown on the stock market, and if you've dodged around AIM long enough, you too will have witnessed some historic and very large price movements (if you're unfamiliar with the subject – Google it). So if any bulletin board hero (watch out for the ones that drone on and on and on and take forever to get to the point) had voiced such a price rise prior to it actually happening, he/she would have been shot down - toot sweet.
A good example of a rapid rise (thank you Madam) we've all probably witnessed is that of the front-running Covid stocks in 2020, and, for me, Seeing Machines has similar potential. But this company isn't 'probably' going to win huge world-wide contracts – it has already begun winning huge world-wide contracts. The frustrating aspect of this is that apart from the stalwarts on this board and a few of the smarter institutions (wink, wink) who also seem keen to add to their positions (winkety-wink) very few people have twigged how all encompassing the Seeing Machines business model has become. So under that camouflaged tarpaulin where Paul McGlone hides all our shiny BMW, Ford, GM, VW, Uncle John Cobley and... Honda badges, St. Paul is covertly developing various channels that will allow large amounts of cash to flow straight to our bottom line.
(Sorry to interrupt the flow, but did I mention earlier: Never EVER believe ANYTHING you read on a bulletin board?)
Of course, the main driver for lots of that impending cash flow are those people we love to hate - no, not our close relations; it's those 'Men in Suits' from the EU. These guys have decreed that our DMS technology (or something similar) WILL be fitted... cont...
...to every vehicle with four or more wheels in the very near future. So, if you're new here, get your fag packet out and jot down the number of new cars Google tells you are sold - just - in Europe every year. Now add the number of 'white' vans sold - just - in Europe every year. Now add the number of HGVs sold - just - in Europe every year. But before your final tot-up, here's another number to add: the same groups of vehicles sold each year in - the rest of the world! And while you're doing that, I'll nip to the kitchen and see if my Ovaltine's ready.
(Well, as that famous sea-faring Frenchman Napoleon Bonaparte once said, “Not tonight Ovaltine,” as it would appear there's something more important on the telly than tending to a husband's pre-bedtime needs!)
Anyway, back to the result of that huge Google sum you've been gawping at. Given that number, it might now be worth discovering what some very reliable industry sources reckon is Seeing Machines share of (just) the car manufacturing market. Then, if you're still in doubt of our direction of travel and still insist on propping up the fence of pessimism, have a squint through the slats at our company's RNS releases and see which major players have already adopted Seeing Machines' technology. And when I use the word 'adopted' I don't mean these guys MIGHT at some point use our tech' as an optional add-on; I mean these guys are actually building Seeing Machines' technology into their own (sorry, but that last piece of information seems to be repeating on me so, once again: the smart little bit Seeing Machines supply to these bigger companies is the KEY that allows those much bigger companies' systems to work!).
(Good God! How difficult is it to get the magnitude of what's happening here across without it sounding like something you'd read on a bloody bulletin board?)
Right, if you STILL can't see how big the writing is on the wall – Keep Walking Backwards, because those huge letters will eventually spell out something very basic (I'll type it again, but slowly this time): the technology those major suppliers are selling RIGHT NOW to the WORLD'S car manufacturers has - at its very heart - a tiny piece of electrical jiggery-pokery (supplied by you-know-who) without which their own jiggery-pokery doesn't work! And that makes our jiggery-pokery very, very important - AND - very, VERY VALUABLE!
And that (dear fellow conspirators) is why I haven't added my name to the list of price predictions. Because, truth be told, it's very difficult to comprehend the price that will accompany GLOBAL DOMINATION – even for a starry-eyed, fun loving, good time party animal like me (Good God! Her mother's just turned up!).
Wishing all contributors (and lurkers) best wishes for 2022 (Lang may yer lum reek).
Sandy.
P.S. And remember: Never EVER Believe ANYTHING You Read on a Bulletin Board – except this one.
To all our super-sleuths, information grafters and patent code crackers... thank you for all you've done for the Bulletin Board Collective. Have a good Christmas and a Healthy New Year.
Best wishes,
Sandy
A contract appears, this time with cash attached, and everyone is happy! Not quite...
For the more simple-minded among us, it's difficult to comprehend why there was an argument regarding where our A$125 million contract came form. And who, exactly, was doing the ramping?
You see, before our latest 'win' was announced, if someone had said our next contract would be worth A$125 million - THAT - would have been ramping. Whereby, when a contract win for the same amount IS announced and someone says they believe the award came from Company X - THAT - is speculation, and, in case anyone's in any doubt, if you have money in the AIM Market - you're already a speculator. So welcome to Club Speculate.
It may also be worth noting, to anyone new here, that this board's collective understanding of our industry and depth of knowledge regarding its technology should not be underestimated. The 'speculation' shared here has often subsequently proven accurate. Very accurate. Why? Because these 'old timers' know their stuff.
However, this latest spat, where someone turns up and begins arguing about 'what particular shade of white the ceiling is painted' is sadly nothing new. Creating an argument – not about the best way to make a fortune – but about where that fortune came from, is nothing short of...
Well, Homo Sapiens. What are they like?
All together now... "It's beginning to feel a lot like Christmas..."
Our share price is now engaged in an Algorithmic Dance. The sole purpose of that Dance (slowly pushing the price down) is engineered to demoralize shareholders (new and old) who started this day so full of expectancy and hope.
Luckily, most here understand the enormity of our latest news; something Mr Market hasn't quite grasped – or maybe he has, hence the screwing of the price.
What should be borne in mind is that the companies who are buying into our technology - as well as those who are placing our technology at the very heart of their own - are then selling into a world market, and in my book – a market that big is... big! It should also be remembered that those same companies know more about upcoming developments than we do. So are they buying because they think they're onto a loser?
So it's around this point you have to make your decision: do you believe the likes of Magna, Qualcomm and Omnivision who are building their reputations on Seeing Machines technology - or Mr Market who's telling you today Seeing Machines is worth less than yesterday?
Good fortune to all.
P.S. And let's see what uncle Paul's got to say tomorrow (and hopefully a proactive interview, to boot).
As Paul McGlone said back in August this year: "This is the beginning of what everyone's been waiting for."
Yes, Paul. I heard you... the buy orders are in.
Meanwhile... a voice from our kitchen...
"What? You're doing - what? Isa who? And what does, 'Giving her some in the morning,' mean?"
https://www.proactiveinvestors.co.uk/LON:SEE/Seeing-Machines-Ltd