Bullboard - Stock Discussion Forum POET Technologies Inc. V.PTK

Alternate Symbol(s): POET

Technology Semiconductors

POET Technologies Inc brings solutions for faster and more cost-efficient data transfers. Its proprietary Optical Interposer is the foundation of an elegant platform that provides seamless integration of electronic and photonic devices into a single module. The company has multiple customers who build next-generation products for Data Centers, Telecoms, Artificial Intelligence, Internet of... see more

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TSXV:PTK - Post Discussion

POET Technologies Inc. > What next?

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Post by lscfa on Nov 07, 2023 9:23am

What next?

Yesterday's NR did not stop stock slide. Will co. cancel financing?

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Comment by ark88 on Nov 07, 2023 9:25am

Not according to FJ. His grapevine is saying it will close today. https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/795664-expectation-of-financing-closing/messages/2397688#message

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Comment by wintersun10 on Nov 07, 2023 9:30am

Same as Slabs grapevine yesterday. Well, if it is not in a company NR it did not happen as far as me concerned. Poet can update the shareholders if they WANT to stop the slide. It is not a priority however, seemingly.

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Comment by ark88 on Nov 07, 2023 9:35am

Sure looks like a $1.50 CDN ($1.10 USD) financing to me.

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Comment by Poetwhen on Nov 07, 2023 9:37am

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Comment by lscfa on Nov 07, 2023 10:49am

There should be no discount to the market price after the price crash. If so, reduce the commission of the damn underwriter for taking no risk.

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Comment by pennyflipping on Nov 07, 2023 10:55am

Unfortunately fantasy land needs to get the story straight! Is it margin calls, shorting, tax loss selling or smart money exiting at any cost since poet is insolvent? Setting a finance price above market (say $3 ROFL!) will answer things pretty quickly. My guess is shorting will get ruled out and ZERO interest in the financing. Lol

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Comment by wintersun10 on Nov 07, 2023 11:12am

No holding period in Canada is not very promising for the share price after the financing. Normally they get to hold for a number of months. Better be really good news after the closing.

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Comment by maestrodrumboe on Nov 07, 2023 12:00pm

there will Constant selling pressure with millions of shares from the offering.(that is if they can fiil)...I imagine that many wont be holding for long ..sell the shares at a any point for profit and hang onto the warrants.No brainer,if you still have a sliver of confidence left,with existing management at the helm...

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Comment by wintersun10 on Nov 07, 2023 9:33am

Daily YouTubes re financing. What is soon, customer, production ready? etc They could if they wanted to.

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Comment by lscfa on Nov 07, 2023 10:33am

Some at Agoracom expect a quick rebound after financing is closed. 2016 fiasco says otherwise. See image ...... $0.78 - Oct 07/2016 - closing price $0.76 - Oct 11/2016 - closing price $0.63 - Oct 12/2016 - announce financing, no details $0.48 - Oct 27/2016 - details announced $0.36/unit, wrt $0.52 ex pr $0.34 - Oct 28/2016 - closing price $0.33- Nov 02/2016 ...more

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Comment by pennyflipping on Nov 07, 2023 10:38am

What if it turns out to be the financing that doesn't close? At 6% interest rates, the pimpers are playing a game of chicken betting on that same pony trick. IMO poet has been going towards insolvency since 2008. Lots of pimpers with their finger on the sell button hoping for that 2016 bounce right now. lol

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Comment by pennyflipping on Nov 07, 2023 10:46am

If you anyone else is taking requests from fantasy land, do a other chart with all the your pooet purchases and swap it with any of the FANG or Tesla stock. Rofl

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POET Technologies Inc.