nvh - maybe time to close your short? |
Can you post exactly where in a proactive interview it is said that OEMs are choosing cheap DMS? I believe this is fake news, much like a lot of what you write. |
In the PR chat posted above with Nick, Paul suggested that the delayed contracts would deliver bigger and better contracts. That was in May 2023.
Then in the other Proactive Investor video he admits that OEM's are choosing the most basic dms which has had a negative impact on the margin mix and their ability to reach breakeven which will now be at least 6 months later than planned.
That in turn will impact their ability and choices to deal with the CLN and reduce our negotiating power with Magna just like it has with catapiller. |
But surely it won't worry you cos you sold out because of the impending bad news. Right? In fact one could ask why are you still here moaning on? |
They were supposed to be breakeven by the end of calendar year 2024. More BS or just failure. You choose. |
This was a classic fairy tale story from Nick and Paul in May 2023,
hxxps://youtu.be/bFXpQWJroOs?si=eyRJlYeA2NJb3lnq |
Perhaps Nvh might like to read that article |
https://www.proactiveinvestors.co.uk/companies/news/1055678/seeing-machines-remains-overlooked-by-market-despite-major-advances-1055678.html |
They don't usually do them after trading updates I don't think.I expect there will be an investor meet presentation after the results. |
Interesting that there hasn't been any PR videos following the trading update so far. I guess there wasn't anything worth promoting or they just didn't have time what with all the new OEM contracts and guardian PO'S that they are dealing with.
Colin Barden has pretty much confirmed that things are not going their way by talking about all the cheaper versions of dms oem's are choosing over more sophisticated systems like SEEING, |
He started of really positive from memory. Then realised it wasn't going to be as quick and straightforward as he initially thought and then he did a complete 180. |
But surely it won't worry you cos you sold out because of the impending bad news. Right? In fact one could ask why are you still here moaning on? |
I'm not running the company so you could say much of what the ceo says, predicts or promises turns out to be wrong. It's those promises and statements after so many years that are most definitely tiresome.
Where's the 330 aircraft deal? Total BS. There's not even a product. This is the quarter they are meant to have a blue / red label product so he was lying through his back side.
Then there's all the lame excuses why new OEM contracts are delaying. The end of last year and the first half of this was going to be very busy based on their "confidence factors" and what was "in the hopper". More BS, but definitely busy for our competitors.
Then there was Gen 3 and all the PO'S. Pretty much diddly there too despite GSR.
Then there was the cash flow breakeven in the first half of FY25. Now it H225 if we're lucky.
Then people wonder why their investment is trashed?
A cash raise of some sort or other is coming before we get to breakeven. |
Some BBs get infiltrated with negative posters who become obsessed with trying to convince us all they are correct.
I think NVH seems to fit into that category and much of what he writes has turned out to be wrong. It does get rather tiresome after a while. |
You clearly have an agenda or no life. Why don't you go away from here, try and find a life and do us all a favour x |
But surely it won't worry you cos younsold out because of the impending bad news. Right? In fact one could ask why are you still here moaning on? |
If we do a similar deal to the renewed caterpillar then we are royally screwed. |
An alternative scenario to the Magna loan note is (remember this is not due for repayment until Oct 2026) SEE does a similar deal to what they did with Caterpillar. By 2026 the whole competitor landscape will have changed, as the like of Smart Eye etc are going to find its next fund raises more difficult or not impossible, especially as some highly suspect announcements where made leading up to the raising of said cash. Once Institutional investors start to break ranks, the show goes to pot. |
Nvh it wasn't long ago you were singing the praises of Smarteye, now you write they are full of BS. |
If Magna are going to extend,& they have demonstrated great commitment to See by signing the 3 year investment in the first place-so why wouldn't they extend,I would expect the extension to be resolved long before the expiry date of 30/6/25.
An extension would remove any uncertainty in this respect,generate some cash flow &/or reduce some the debt due to Magna |
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