POET Technologies Inc. V.PTK

LMR Partners hedge fund

[lscfa]

4.22 Right of First Refusal. Upon the Closing, for a period of twelve (12) months from the Closing the Company grants the Representative the right of first refusal to act as sole managing underwriter and sole book runner, sole placement agent, or sole sales agent, for any and all future public or private equity, equity-linked, convertible or debt securities (excluding, for the avoidance of doubt, commercial bank debt) offerings for which the Company retains the service of an underwriter, agent, advisor, finder or other person or entity in connection with such offering during such twelve (12) month period of the Company, or any successor to or any subsidiary of the Company, excluding the PGA Financing, the IBK Financings and the ATM (each as defined in the Engagement Agreement (as defined below)) and a financing solely with LMR Partners. The Company shall not offer to retain any entity or person in connection with any such offering on terms more favorable than terms on which it offers to retain the Representative. Such offer shall be made in writing in order to be effective. The Representative shall notify the Company within five (5) business days of its receipt of the written offer contemplated above as to whether or not it agrees to accept such retention. If the Representative should decline such retention, the Company shall have no further obligations to the Representative with respect to the specific offering for which it has offered to retain the Representative, except as otherwise provided for herein.

[maestrodrumboe]

Sure looks like Maxine put the shackles on the Pooet for at least the next 12 months. I could be wrong ,but from reading the exemption clause, it would appear that the company may be entertaining an equity stake,a joint venture and or a sale of part or all of the company. I don't see any other way for POET to continue operating as a going concern,past the new year. THis small raise will

[lscfa]

Financing with LMR is exempt. How long has Poet been talking with this British hedge fund?

[maestrodrumboe]

Bingo!! Never heard of them..but they manage 10.8 billion$$ US in Assets and a Company like POET may just blend well in their soup bowl. just speculating on my part,of course LMR Partners is a British multi-strategy investment firm. It has a focus on global macro and event-driven investment strategies and makes use of both systematic and discretionary trading strategies. The firm is

[pennyflipping]

You guys are connecting dots better than other board! Not guud for the SH if any of this is turns out to be true.

[maestrodrumboe]

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

[wintersun10]

That is the only common sense CONCLUSION if take it all in, without hallucinating.

[pennyflipping]

Guud god, I spit out my goat milk after reading this. Poet is Guud, management is not so Guud. SH will get decimated when this goes back to 10c.

[lscfa]

To add to your conspiracy theory, why the hell did Zacks cut its target price so much? Yes, delays have pushed out revenues but the $200M no. it was using for 2026 is now going to happen in 2027 so just discount from that point in time. Present value is the sum of ALL future cash flows.

[wintersun10]

Poet has been in London before. In the Taylor days. Recording the infamous Nasdaq in June YT video. Or it is new contacts. About us. LMR Partners is a global alternative investment manager that was founded in November 2009. The firm manages over US$ 10 billion in assets and has offices in London, Hong Kong, New York, Zurich, Dubai and Glasgow.

[wintersun10]

A buyout at $15 would have been better. Right now Poet can be had for $1.50. Hey, they are in Dubai. Who else is in Dubai? Not a pretty picture.

[wintersun10]

And maybe explains which 1000 lb Elephant has been sitting on the shear price. The picture maybe getting clearer. Seen it whith a coal miner, that got absolutely decimated in shear price, just before a take over.

[wintersun10]

Any deals with such a Global Fund would not originate from Mika. That might come from the CEO or other BOD members. The disregard for the shear price does not bode well for the existing shear holders.