Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Amateur compared to what SEE can do but better than touching the steering wheel. Tesla will be interested in whether they can raise their safety rating rather than compete with proper DMS providers. By the looks of things they've gone for a dirt cheap camera, probably costing around 50 cents to them, and they won't want to spend the sort of money to do the job properly when their endgame is FSD which doesn't require an in cabin cameras.
Isn't the Mercedes S-Class using all the technology described here? I'm hoping they have opened up their interfaces for other manufacturers to use rather than provided a road map for years of development.
Moving themselves firmly into the car infotainment system hopefully gives belief that even if Tesla get to level 4/5 driving there will still be a market for SEE. Everyone on this board knows that Tesla aren't going to have FSD cars by the end of this year, as EM announced, but for investors there is always that nagging doubt. Even when it common sense tells you otherwise.
As a Finance Director I can say the most likely reason for extending the financial year is their accounts needing auditors. Auditors will need access to the site, which COVID-19 restrictions will hamper. I would not read anything into that announcement either way.
What they will not be doing is delaying so they can report a juicy contract! If such a contract existed then it must be reported to the market ASAP. SEE may already sailing close to the wind about the 5m brought forward; that should have been accompanied by the impact to the long term licensing revenue they have previously provided guidance for otherwise it implies their wasn't any.
You've got your "hanging man" and "hammer" the wrong way round. SEE's current sequence of candlesticks is the bullish hammer, marking the end of a downward trend. If I believed in candlesticks, which I don't, then now would be the time to buy.
Really? You're invested here and you want the share price to go down to 2p?
My hopes are a bit more positive like PM announcing something he has achieved rather than something from the coat tails of KK's tenure. Bringing forward revenue from a licensee will have cost SEE over the duration of the contract. It's been over a year since an RNS contained contractual financial details. Careful what you wish for.
An NDA is a non-disclosure agreement and that contract will contain the consequences in a clause. Here is an example from one of my companies:
"Without prejudice to any other rights or remedies the Discloser may have, the Recipient acknowledges that damages may not be an adequate remedy for any breach of this Agreement and that the Discloser may be entitled to the remedies of injunction, specific performance and other equitable relief for any threatened or actual breach of the provisions of this Agreement."
That means if you disclose then we can go after you in the court for money relating to the perceived cost of damages. In other words, you'll spend time in court or with lawyers negotiating damages and you'll get to pay both sides legal costs.
Breaking an NDA is serious business.
Market leader? Anyone can claim to be the market leader as it's such a dubious and ambiguous phrase. It could be Market Leader by units sold, units in use, value of contracts, profits or even being the market leader in number of current staff being axe murderers...
Probably not a good idea to boast about the last one though!
I agree with the comments already posted on this subject. I would add that the way a company changes its financial calendar is to request it from the tax office with reasons why they want to do it. If the tax office considers it being done for misrepresenting accounts or avoiding paying tax then they will refuse the request.
Nothing wrong with using a Raspberry Pi for development. Linux has already been ported to it and there are drivers for the hardware. There is a clear progression to a variant of the Raspberry Pi for the production line. Very cheap and good performance. It is whats known as a nimble approach to development.
If I realised that there are people who have kittens over a single share trade I'd have done it more often in the past :)
There are many reasons for buying/selling a single share, or indeed strange numbers of shares, especially if you've got DMA to the market.
For example, if you want to take a position of, say, 100 shares you can split this into blocks of 33 shares and the final transaction will be a single share.
If you are buying all the shares on offer at a certain price. If someone jumps in and buys 99 of the 100 available you'll end up buying a single share.
There is also the nefarious reason for manipulating the spread bet price but that can get you in trouble...
The thought that someone has knowledge of an RNS in advance of its release and is prepared to signal that inside information to the world by buying a single share is so idiotically stupid that it does make me wonder about the IQ of some of the people posting to the forums.
I think what you're suggesting is what would normally be termed as acting "in concert". As an investor you can not avoid making the declarations to the market by switching to another fund. Any required declarations must be made to the market as if all the funds you are involved in are a single entity.
During the temporary recovery of shares there were plenty of bargains to choose from. Why would anyone want to take a risk with a company like SEE when they can get shares in, for example, a supermarket or a bank at 45% discount?
I think Baxter is correct in questioning his investment. Six year with diminishing return is not good for any share. However, these questions should be aimed at SEE rather than this forum. A concise list of questions directed at their PR department should get a response from any well run company.
Philtronic: I don't disagree that distributors are the way to go. What I am saying is that they may have met their goals for the number of installations but the profits have dropped. This may explain why SEE are being coy about their figures to the market.
They may be increasing the number installed but:
"...Seeing Machines is currently channelling 70% of Guardian sales through a growing network of distributors..."
If the number they are selling through distributors in increasing then the profit margin will be decreasing as the distributor will be taking their cut.