Post by
wintersun10 on Dec 14, 2023 3:30am
Investors
"investors appear to have continued to totally discount our pipeline of prospective orders resulting from being designed into modules to be sold in China and apparently do not believe that we will meet our stated objectives of developing and deploying 800G and 1.6T engines, which will result in direct revenue to POET."
Investors do not believe you, because you keep on snowing them with meaningless weaselwords. If your customers delay, you report it, you do not look the other way and say we are right on track, that is non sense nobody buys. That is how your credibility goes down the drain.
That is why just about every poster has been calling for Poet to come clean, publicly. Not via some Fantasy Lander with even less credibility.
People notice the delays and lack of explanation and fill in their own opinion of what has gone off the rails. Which most likely is worse than what actually happened. These are the basic facts of life my friends. Poet lacks the basic facts of life.
Comment by
wintersun10 on Dec 14, 2023 4:37am
And then there is no reason to assume Poet's approach of customers is any better than that of their investors. Might go a long way to explain why customers keep on delaying. Anyways, whatever it is Poet does, its not working.
Comment by
wintersun10 on Dec 14, 2023 8:14am
this management is a bunch of whiny babies. we are not private, mommy what do we do now? wrong management, at the wrong place.
Comment by
lscfa on Dec 14, 2023 5:34pm
"Investors appear to have continued to totally discount our pipeline of prospective orders.....and apparently no not believe that we will meet our stated objectives.....". Zacks, who is hired by Poet, just dropped the fair value by half.
Comment by
maestrodrumboe on Dec 14, 2023 6:11pm
If the latest financing fails ,the SP will most likely drop down to a dime..imo
Comment by
ark88 on Dec 14, 2023 6:35pm
I'm sure they can close enough with the support of diehard shareholders, but it still doesn't address the existential problems facing this company. This is a great opportunity to use the financing to change the CEO and CFO, and the finance department. The shareholders should demand that the BOD act or else they will withhold additional funds.
Comment by
lscfa on Dec 14, 2023 1:08pm
The stock price crash that started Nov 01/23 is all due to incompetent Poet finance department.