Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Absolutely Terry - I liked this bit McNeill said in the statement he was “excited to help GM unlock the opportunities enabled by its transformative investments in technology.”
As for CFP - my theory is that he’s one of the biggest disaffected shareholders on this board - who else would spend that much time researching our business before ****ging us off if he didn’t have so much skin in the game ;-))
https://stocks.apple.com/AV0lNpqbVS2u1NrQzpudXOQ
We love a bit of disruption especially when it brings more business our way !
Thanks guys and I stand to be corrected - for some reason I had a revenue figure of $400m in my head but perhaps that was after the second IPO. My point is and always has been that we need to stay independent long enough to establish a set of numbers that the market finally believes establishes us and our IP as a sustainable revenue and cash generative business - our 22year gestation has not quite done that yet but we are on the cusp and until PMG shows us the numbers and contracts and these get baked into our estimates and results the market will remain sceptical.
Let’s all swallow a huge dose of realism guys. SEE 2022/3 sales US$40m ?? Mobileye current sales US$ 1.4bn.
Mobileye IPO $15bn - until PMG starts to feed the markets with realistic sales estimates based on disclosed contract wins ……..
Lewbo - I honestly think and but primarily hope that ‘SEE declaring to the markets’ will unlock what’s been holding the SP back. Whilst I can still understand the benefit of having NDAs from a detailed tech development point of view QC have just shouted from the rooftops that their preferred DMS/ OMS supplier is SEE so surely what’s the big deal in announcing these deals earlier and who is going to be surprised it’s that little company from Canberra!
This together with some meaningful revenue estimates needs to happen to get the SP up substantially from where it is BEFORE we even start talking about bids because whilst the SP languishes at 5p nobody is coming in with a bid anywhere near close to what we might be worth. Personally I don’t want to hear about takeovers until we get all this pipeline + business disclosed and banked - then true value will out!!
I think this is a great example of the 22year gestation period SEE has been experiencing and Tim Edwards refers to in his video. Yes GM we’re at the vanguard and either didn’t push it or didn’t see a broader need / demand but for all the reasons we know tge industry hasn’t been ready for it. SEE have been pushing water uphill for 22 years know, ploughing multiple furrows to develop their offering. The stars are now being dragged into line firstly by a raft of global legislation mandating DMS but also by industry leaders like QC who are packaging an enticing array of tech together which every OEM needs to stay competitive. GM I guess was unfortunately ahead of the pack but nobody at the time chased. The race however is now on and looks like WC are the hare…..
This may be pure speculation ( which I guess we all do well on here don’t we) but this may be what Tim Edwards was recently referring to when he said in respect of SEE celebrating it’s 22nd year. “Essentially what we are asking ourselves today is what’s next because it’s coming to the end of that first phase of this original vision.
We’re at our hearts a company which is obsessed with AI, technology and safety and sort of blending those three things together as opportunities - and so hopefully we will know soon”
Well let me tell you 22 years is a heck of a first phase but as all the long term holders know SEE has constantly been defining and redefining its strategy since inception. To their credit they have had to re adapt their offering many times in migrating from their initial mining focus to where we are today. Along the way they have re- invented their supply chain initially being sellers of hardware to the IP focus/ royalty model in place today. With most OEMs also chopping and changing their own strategies and a final realisation that ‘safety’ is the name of the game not ‘autonomous’ there’s no surprises that it’s taken 22 years to reach that sweet spot and have everyone finally get excited about a ‘digital chassis’ - What Tim may well be saying is that the bet is really now all on Auto with after market the steady eddy until installed at point of manufacture and Aviation always going to be small fry. With increasingly pretty much every major OEM signing up with QC are we really going to deliver much business outside of that partnership. If QC also have such a huge pipeline how can our back office continue to possibly support it if we remain independent. Surely we may be hurtling towards that inevitable takeover and one of the logical outcomes many of us are expecting.
Of course alternatively I may be totally wrong ;-))
Lewbo - I think your comment “…..so it's all there to play for. Or is it? ” is really an intriguing one because as this game continues to play out there’s a strong possibility the cake might well be being cut up and re-apportioned. To your point after what has seemed an age only $200m out of the $1bn pipeline has been confirmed. Meanwhile over the last two months Q’s pipeline has increased from $19bn to $30bn. Notwithstanding what we don’t know, we absolutely do know that Seeing Machines is the DMS supplier in the snapdragon cluster and therefore based on the long list of OEMs they have disclosed users of our tech.
Again given that we were also told that our contract with Q was over and above the $1bn pipeline, by deduction there must be a high probability that a sizable chunk of the $800 million difference is now being supplied through Q directly.
That certainly needs asking at the Town Hall but given OEMs have been notorious in trying to back every horse that has to be highly likely. It really is time therefore for the company to clarify this once and for all as the lack of transparency and indeed therefore lack of disclosable news to the markets is negatively impacting our SP no question.
Whilst it’s clear that SEE cannot directly influence the share price they absolutely have a responsibility of managing market expectations and whilst they may not have much respect for us PIs the IIs Who have invested heavily at 6p 8p and 11p certainly deserve to know what’s going on ( assuming they’ve not been told). This lack of clarity and uncertainty is what pushed the price down to 3p and hence resulted in a huge increase in issued capital which could have been substantially avoided with better planning.
I really do wish I could be there on the seventh but hopefully we have enough of you guys in the room to push hard on these important questions.
Terry -is this the same Qualcomm that recently announced an exponential jump in their Auto pipeline from $19bn to $30bn and slapped Seeing Machines logo on their Snapdragon DMS cluster as preferred supplier in their recent Investor Day presentation as cast iron evidence we are key to their plans but we have yet to have firm confirmation of even $1 committed contracts with them - roll on October 7th !!
This is the more intriguing piece for me -
“Essentially what we are asking ourselves today is what’s next because it’s coming to the end of that first phase of this original vision. We’re at our hearts a company which is obsessed with AI, technology and safety and sort of blending those three things together as opportunities - and so hopefully we will know soon”
What will we know soon Tim??