POET Technologies Inc. V.PTK

Why no warrant expiry acceleration clause?

[lscfa]

The Feb 2021 issue had one but that was a Canadian financing.  Do US rules prohibit this? If so, another reason Nasdaq was a bad decision.

[maestrodrumboe]

Many Nasdaq listed companies have acceleration clause..depends on the Contract agreement between Company and the underwriter.

[ark88]

The folks with the $1.5 warrants from the financing could easily short if this moves up too much. This is going to be a traders dream for the next month or two, or until news.

[lscfa]

Poet finance dept. couldn't negotiate their way out of a paper bag.

[maestrodrumboe]

Read all aout it..Prospectus Supplement links at the bottom https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=317904588&type=HTML&symbol=POET&cdn=72282dca76db1f1809ef62a6c57434e1&companyName=POET+Technologies+Inc.&formType=424B5&formDescription=Prospectus+%5BRule+424%28b%29%285%29%5D&dateFiled=2023-12-01

[wintersun10]

The financing is gonna pay for the bills outstanding as of Sep 30. Poet is still as broke as they were.

[wintersun10]

so, the runway will be as far as they can leave bills unpaid for awhile. still flat broke.

[maestrodrumboe]

they are carrying  Accounts Payables and acrued liabilities for  $1,353,208 Total current liabilities are at approx,$1,650,000...so,just deduct that from the cash and you will get your Working Capital figure. You can only stall payables for set terms,usually maximum 90 days.

[wintersun10]

Cash about 4 mln Sep 30 and deduct approx 1 mln per month so you are down to 1 to 2 mln plus approx 1 mln of the financing. Its not much, that is left. Its not like yippee they priced the financing problem solved. Jan1st will be the same problem as today. Got to raise cash, or...

[ark88]

How many f#$k ups does a CFO get? What ever the record is Mika easily broke the record. 

[pennyflipping]

Poet is finished for the long term holders. Now the traders get to have fun skimming whatever they can until volume dries up. Imo it's just lower highs and lower lows until the SP is back to the pre-split prices and files chapter 11.

[wintersun10]

So, in October the accounts started to prepare the financials and they found out Poet was flar broke. Then Nov1 st they panicked and filed the disastrous financing, they should have done in May or so. Somebody has been sleeping at the wheel. And then, say they sell the socalled legacy products. There is no way to pay the bills from that. If there is profit, you can safely assume Poet will be