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I do hope it’s it a fund raise, seen this at least 2 time before..with it ending in a fund raise. I know the figures and it appears unlikely and PM (pre COVID) said as much, just want to get the end of year results with no fund raise attached and a state won’t with in the results to say NO FUND RAISE required. I do worry that it is coming and wonder if the results have been delayed so they can assess whether one is required prior to announcing. Worst case scenario is we get a fund raise RNS on results day. In my mind it’s pretty binary if we get pas we results with no fund raise then we are golden.
Slow burner the agreement with Qualcomm......from the veneer 27!Aug press release
‘The open and programmable platform that both companies intend to develop will be designed to create alternatives for automakers and Tier-1s for more customization opportunities while also charting a course for next-generation automotive architecture evolution. The companies expect the integrated platform to be available through automotive Tier-1 suppliers or directly to OEMs for 2024 vehicle production.’
Auto takes Forever it seems..all in the right direction this is not is not going impact the bottom line for 4 years.
Terry,
Do you remember Alex8, who sowed caution on the forum and sold out prior to 8p on the rise to 12p. Everyone took the **** until it dropped like a stone.
Not exactly the same but I am cautious we SEE and a contrary opinion is sometimes good don’t you think?
Am I wrong but the essence is......they PLAN to deliver a DEVELOPMENT kit for automotive. I get the follow on from that and this is good news but, it does sound like a fully sold integrated solution, is a dev kit that OEMs use as part of their development. The time/cost difference between development and what is needed for mass market is unclear here. Still good news but we need to fully understand what is being released today. Some clarification from Cenkos etc will follow I am sure. If only we had Vickor doing our PR.......
There was a post regarding the expansion of Supercruise, I believe someone at SEE was asked to comment on it and does this mean an expansion of SEE. I believe the response at the time was “we are not aware of any expansion”. Not the exact response at the time but moreover my recollection. We need confirmation from SEE on this, or is it a case of.....when the cars are one the road we can notify......can anyone add anything to support this either way? I really hope it’s SEE, but who actually hand on heart knows.