Lows Before New Highs Is a Pattern. Being Strong is a RightRemember, PoetHenPsycho, I did post that Poet might drop lower than anyone thinks and that I would consider a strategic purchase. That still does not mean that Poet is not good. Its goodness is not reflected in its share price yet because a financing is expected once on the Nasdaq. The "when" is what nobody knows. Therefore, the market does not have an anchor, a price point, for any financing, so the stock drifts down. BUT when an NR with the right kind of news and investors in any financing become known, it will probably be something greater than people realize as the new investors will understand just how impactful Poet will be and our Board of Directors have the qualifications, expertise and market sense as to what they feel Poet is worth. Just like when tranches of FaceBook were purchased, the market value zoomed higher with each wave of investment.
Not suggesting for a moment that Poet will be anything near like FaceBook, but the pattern of ascension could be similar imho.
rocco