RE:RE:RE:RE:RE:Don’t miss this bare rally to GET OUT!riskmanager wrote: Yes, i cant wait to see Q3 FS. Should be awful but no way smart investor will put money in a 120M MC with no revenue, no products, no money to scale production.
If customers were lining up, the news would have been already out giving the fact that money is running out for POET. They had 13M cash in June 30th. 6 months prior 21.5M so they burned 8M-8.5M in 6 months. Q3 i expect and suspect they have ended the quarter with 8M in cash with 2M in liabilities so by the end of year, should have 1-3M left if i include the 2M liabilities. So by January 2023, max february they are f&ck. It is only 3-4 months away.
Smart people knows their financial and forget the beautiful PP. Either it will be a disaster PP or POET wont survive. Just have a look at PMG to know how bad the financing is right now. Went from 1Billion company to 0.
First red signal for me was the CFo, rocky mistake, to go on a pennystock chatroom that have history of misleading investor and explain the last AGM. Do you really thing Intel, iBM will partner with this management? keep dreaming. First rule before investing in a company, invest in the management. They will carry the business.
Second red signal, War between China and USA in the semi (chips) sectors tell me that POET will have issue to survive. They cant have a customer in the USA and produce in China. Not possible. They cant have a US backer if they operate in China, for now.
Last red signal, they never delivered in time and management earns a fair part of money (5M).
To produce they will need a lot of money, 100M +.
Best thing they could do in my opinion, sell POET to a major that have a lot of cash.
Feel bad for retail investor that read Agorasam all day and invest their hard working money into this. Where is the Prime Time?
Pretty good summary of things as they stand and my thoughts as well. I've been saying the same for couple of years now.
Come early 2023, the company will be changing its name from POET to POOEY.
Reality check: For the first time Insolvency is a possibility.