hazl your thoughts? more jam tomorrow?
4 billion plus shares in issue
the gravy train just keeps on rolling
top 2 shareholders willing to sell out
caterpillar not interested in bankrolling more losses? |
 Seeing Machines secures £26.2 (US$32.8) million strategic investment from Mitsubishi Electric Mobility as part of collaboration agreement
Investment underpinned by significant growth opportunities in the Japanese Automotive segment, Aftermarket distribution in North America, Japan and Europe and new adjacent markets
Now 26.2 million that's rather substantial!
Seeing Machines Limited (AIM: SEE, "Seeing Machines", the "Group" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that it has entered into a collaboration agreement (the "Collaboration Agreement") with Mitsubishi Electric Mobility Corporation ("Mitsubishi Electric Mobility"), a global leader in the design and manufacture of automotive products and technologies, to pursue joint growth opportunities in the supply of driver and occupant monitoring system ("DMS" and "OMS" respectively) technology solutions to enhance safety in Automotive. Mitsubishi also becomes a significant investor in Seeing Machines, following a subscription agreement entered into on 23 December 2024 raising gross proceeds of approximately £26.2 (US$32.8) million (the "Subscription Agreement") to enhance the Group's balance sheet and provide funding for further growth. The Subscription Agreement represents 15% of Seeing Machines' issued share capital prior to the issue of New Ordinary Shares. |
19699 Mirabeau good post. |
Yes, be careful! "Mitsubishi" group has many facets - FWIR they also have a Heavy group and are into Shipbuilding too. "Electric" is around 3% of group turnover. |
4 billion plus shares in issue
the gravy train just keeps on rolling
top 2 shareholders willing to sell out
caterpillar not interested in bankrolling more losses? |
Well todays announcement makes a future bid for SEE more interesting. Magna due to renew its licence soon. |
Mitsubishi electric and mitsubishi motors are different companies.I believe mitsubishi electric supply a lot of products to other oem's including Toyota. |
pireric
Yes, I know that and the comparison is not directly applicable but the principle is the same. If material company news outweighs equity dilution then the dilution is somewhat mitigated. It's dilution to 'keep the lights on' that the market doesn't like not SEE's type of dilution whose purpose is capital investment to fulfil an expanding orders |
That's a completely irrelevant case study, Mirabeau... Junior minors of course consistently dilute, and they're massive gambling machines trying to strike it lucky with the next payday (gold in GGP's case).
That is completely different to what SEE is, is trying to be etc.
Eric |
Market likes it |
GGP diluted heavily and then went from 1p to 39p in under 12 months. Sometimes material, value-enhancing news outweighs the negative aspect of dilution.
get on board and stop moaning |
Mitsubishi are one third owned by Nissan which has given itself just 12 to 24 months to survive and are now actively trying to merge with Honda. |
"This joint effort is expected to accelerate the Company's path to profitability."
SEE's on the cusp of its first ever profit. With a now huge captured market SEE is now entering a new phase of growth. Look to the future, which is what the market ALWAYS DOES, not the past. |
More dilution today and 2 of our long term investors finally starting to give up.
Paul yet again dresses this deal up as another positive step, but the reality is we've been forced to take raise cash at a ridiculously low share price Most if not all of that cash will probably be spent paying back Magna.
The fall of this once great opportunity is truly staggering.
Around 2 years ago we took a strategic investment from Magna at circa 11p. Two years later and despite the so called progress made we have another strategic investor paying just 4p for the privilege.
Apart from the unknown benefits of this partnership for sales this is yet again a desperate deal from a desperate CEO who privately knows he hasn't delivered. |
The car group sold 10.6 million vehicles worldwide in 2017, making it the leading light vehicle manufacturing group in the world |
Mitsubishi Motors Corporation (TSE:7211) — a member of the Alliance with Renault and Nissan — is a global automobile company based in Tokyo, Japan, which has about 28,000 employees and a global footprint with production facilities in Japan and the ASEAN region. 7 Nov 2024 |
Highlights:
- Collaboration Agreement to facilitate joint Automotive business opportunities in Japan
- Companies to jointly access Aftermarket growth in North America, Europe and Japan, leveraging Guardian Generation 3 and Mitsubishi Electric Mobility's global aftermarket distribution channel
- Collaboration Agreement leverages Seeing Machines' proprietary IP to assess and enter new adjacent markets where Mitsubishi Electric Mobility has a leadership position
- Alongside the Collaboration Agreement, Mitsubishi Electric Mobility has invested in Seeing Machines via the Subscription Agreement, raising gross proceeds of £26.2 (US$32.8) million, at a premium of 12% to the 30-day VWAP
- Investment further strengthens balance sheet and provides capacity to focus on growth opportunities across new markets within existing transport segments
- Mitsubishi Electric Mobility to increase holding to 19.9% through acquisition of additional shares via secondary transaction
more..... |
Another good day for See looks very strong |
No dilution . These were always counted in the total number of shares. See the rns in November to confirm.Presumably some paper work error, but makes no material difference. |
More dilution I think another 10% yet to come before a take over at 7p. What a disaster. Proper gift for Xmas eh. Some might think it's time to move on too much incompetence. |
Clerical error accounting for 37 million shares from 2018. Not the RNS everyone was expecting. I bet there were a few excited investors when they saw the RNS thinking we were going to get an early Xmas present. |
Here he comes, full of joy and festive spirit. |
I must have missed all the new contract news? The only thing I saw was the news that they are on a two week plus Xmas break.
Almost at the end of a disastrous year for SEE with no positive news to drive the share price Still with only 18 months to go before gsr 2 kicks in 2025 can't be any worse than 2024. The annual hype around CES will soon be in full swing. |
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