It makes sense that OEMs will decide late on in order to get the latest chips and software updates. So I see a boom in contracts in early 2026.
They can easily fit this stuff at last minute, it's not like a brake system which needs a lot of planning ahead. |
And radio silence from them. All those billion dollar rfq’s McGlone said was up for grabs. Lies. And now supposedly 7 trials ongoing for our wonderful Gen 3. More garbage. The guys a chancer. And now he can’t spin his way out. The telegram group probably still saying a £ a share. What a bunch of fannies |
New 3+ year low for the share price, yet the directors are still well paid and rewarded so all's fine eh! |
Sp bouncing back? It’s up 0.65%. You’re having a laugh aren’t you |
sp bouncing back hopefully can keep lt up |
Nvh maybe they can't announce due to confidentiality. Why would Mitsubishi buy a large chunk (20%) at 4p if they didn't see a future. They did months of due diligence before moving in. It's recent so I think SEE will come good in a big way with a raft of announcements later in the year. |
Tesla already have their own in house system |
 The rot here continues at speed.
Yet again we were told that the early part of the year would be busy for new oem contracts and particularly from Japan, but yet again we have either been deceived or failed by the CEO.
Something is not right here.
GSR 2 is 15 months away, but the Euro NCAP deadline is only 9 months away.
Even with the flexibility of the Magna mirror offering there has to be a design, engineering and procurement process to go through so I don't see 9 months being anywhere near long enough to buy today and install by January 2026, let alone buy from this point forward and be ready for 2026. Indeed didn't Paul state that any new business won from this point is several years from implementation?
The answer has to be that every oem has to have a solution already procured and locked in. Even if we only choose Tesla as an example they must have a solution already identified surely?
The truth will out soon enough, but for now the deception continues. Paul said at the last town hall 2.5 years ago that time was running out for oem's to make a decision even though we had just announced the Magna mirror at that point. He's made the same point about a 2 year lead time ever since.
The only answer if NCAP and GSR 2 are the real deal is that all the oem's must have a solution already that doesn't involve SEE.
The Magna CLN debt debacle is looming large as is the need to renew the exclusivity of the deal in the next 3 months.
The clock is ticking until the company is bought out for a song. |
lost more than half its value already this year and apart from the Covid blip at a ten year low, what have they been doing? |
The only thing for certain is they do not need another cash raise for 18 months. If they don't make progress then later next year they would need to raise cash. However by then if sales haven't taken off we might aswell pack up.
40m cash at 31.12.2024.
Cash burn about 20m per annum. |
The numbers in the update were really poor compared to expectations and they seem to have stalled . Cash will get used up faster as the numbers are worse than they had hoped . Things will begin to get tight and they need to be pushing up the numbers just at the wrong time .
Lols like another case of management failing to act or deliver on their numbers . Until they approach break even best. Avoided and that still looks some time away. The losses are scary and not shrinking anywhere near fast enough . To much waste and effort not creating value . They need to slash costs but maintain some growth otherwise expect another fund raise quite soon |
My guess is Adams plc which delisted is liquidating its portfolio, plus other investment vehicles belonging to Richard Griffiths. Just a hunch as someone is bidding for the stock but knows plenty of it around and is in no rush. Plus overall PM recent you tube aussie interview hasn't helped. All the ups and downs of investing I'm afraid |
It's very strange.
I thought there were big Director purchases a few months back so even the insiders are in the dark unless somehow the.market has got it wrong |
any news anywhere why this is falling please |
Any good news here? |
Well at least Smart Eye are having a better day in DMS world |
2p by the time that imbecile McGlone turns up at the town hall. Him and his sidekick better have the tin helmets on. What an absolute dog this is |
General Motors’ Super Cruise and Ford’s BlueCruise both still use Seeing Nachines tech right ? |
Maybe hope for us still |
Humid to be fair that's a good right up. Much better than Nvh who just slags of management.
Time will tell. I just hope you are wrong.
What gives me hope are the strong relationships which wouldn't exist if this wasn't great technology with good prospects.
Just out of interest Are you shorting ? |
I am always curious as to why individuals spend time writing about shares they do not own. Surely you have better things to do. |
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