Seeing Machines - SEE - Share Chat

SEE performed well over the past month (+~18%). Had an email from their newsletter on 6th October. This was stated under highlights:

Highlights: Seeing Machines and Magna will exclusively co-market driver and occupant monitoring systems targeting the interor rear-view mirror in refum. Magna has agreed to invest USS65m into Seeing Machines via an exclusivity arrangement payment of USS17.5m and up to $47.5m
through a Convertible Note maturing in October 2026 and having a conversion rate per ordinary share of 11 British pence

Difficult to understand the exact implications, but possibly the reaction in share price has been positive?

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Yes it’s up almost 17% since I invested - only equates to £0.01 though :joy:

It looks like a good sign, one would assume this means the system(s) will see a wider range of application and sales. :grin:

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Meanwhile I’m down 45.1%

:skull_and_crossbones: :cow: :skull_and_crossbones:

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Oh no! Your HoD are on this? :stuck_out_tongue_winking_eye:

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Moo :cow: :kiss:

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I wouldn’t sweat about it if you trust the vision (no pun intended) for the long term.

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Driver monitoring system?. What happened to self driving cars…!