POET Technologies Inc. V.PTK

New Press Release - POET Technologies Issues Letter to Shareholders

TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial...read article.

[maestrodrumboe]

Here we go..they are working on alternative financing..coming Soon..lo

[MrDales62]

Ummm, the writting is on the wall, and the company is letting you'll know, it's in big trouble. GLTA.

[lscfa]

I doubt Suresh even realizes how stupid it was to announce a financing with no terms.  He delegates financial stuff to the CFO who has covered his butt by telling CEO the reason for the failed financing was poor capital markets.    "...it has been a challenging year, at least in part because of a difficult global capital market environment for pre-revenue microcap

[wintersun10]

They wanted to lose the pennystock status with a r/s and uplisting to Nasdaq. They were still a microcap. Then they run down the stock price from selling at the top to filing a blank financing. And now they are a mini-microcap. None of it was necessary. Self inflicted wound after self inflicted wound. Who will be taking responsibility? No its not the market, it is all on Poet management. Grow

[MISTERFB]

Yeah saying it was a challenging year for pre-revenue microcap companies to raise money is a cop-out.  There is a long list of such companies in the AI sector that had no trouble raising money this year.  Poet was an exception...why didn't Suresh address the real reason they are having trouble raising money, why insiders are not buying at these levels and the decreasing involvement

[maestrodrumboe]

Yeah!!  He did  admit that  in 2023 ,POET had a bit of a rough time..Really? Poet stock is down  around 80%, to 1.40 from as high as  $7.00 back in early January,2023. but not to worry folks..Shearholders Value is never determined by the SP. Meanwhile the Nasdaq recorded almost a 40% Gain for the year to date. How disgraceful is that?Suresh has NO Shame for taking this

[ark88]

As long as the possibility of insolvency is alive, financing will always be difficult, irrespective of the capital environment. The fact that this management has put the company in this situation not once but twice is inexcusable.  Let's not forget the whole rationale for moving to the NAS was to prevent this very scenario. The brutal truth is even replacing the CFO and CEO will not be

[wintersun10]

They all need replaced. The way to do that is a buyout by another company like Celestial. Kill two birds with one stone. Management and financing. I am sure there are other companies, anything better than this show.

[gilver]

Here I can agree with you wintersun10. I would welcome a buyout from Celestial because they would understand the real value that Poet is and they could structure a deal that makes everyone happy since this would be a friendly buyout, imo. gilver

[Poetwhen]

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[wintersun10]

Because it is low. It was low at 7, 6, 5, 4, 3, 2, 1 The real question is there a bottom?

[helpful1]

Lisa Thompson of Zack's has it at $5 in 2024. They need to execute of production deliver on and on budget.That is what I shall be looking at. Perhaps deilvering to A.I. Customers is where they will get their revenue in 2024.At least they are in the right space as the sector is scheduled to quadruple.(x4)

[spygate]

Lisa Thompson can get in line with all the rest that have been wrong for over 10 years...starting with The Pelligrino folks