maestrodrumboe wrote: So back to my wild and far fetched theory..
Say a Hedge fund was willing to invest in Poet at X$, say around $1.50,but not @ $4 or $5
The Maxine offer is used to drive down the price from $4-5 dollars to the currrent level,
Poet releases the blank prospectus with no price and blank dollar amount,knowing that this will have a similar affect on the SP as it did back in 2016.
and Whala!..
MLR may have even issued a LOI to provide comfort to Maxine..and everybody is Happy including poor (shafted) Shearholders,to see that POET has avoided bankruptcy.
.
Why else would Maxine do the deal,knowing that the minimal funds from the offering, would only delay nankruptcy for just another month,unless they were satisfied that Poet has alternate source of possible financing to the extend of at least 20-30 Mill, to keep them going for at least another year.
The above scenario, is of course hypothetical and conjectural on my part.
Need to wait and see what other wonderful surprises await us in the near term.
I'm guessing that Not much happening now until after the New Year.
pennyflipping wrote: You guys are connecting dots better than other board! Not guud for the SH if any of this is turns out to be true.