POET Technologies Inc. V.PTK

Cash is running out fast

[maestrodrumboe]

according to this Ihub Poster who keeps a running spread sheet,the WC position should be down around 1500,if he be correct.so they should be some News "SOON"on how they plan to pay their bills ,moving forwards,beyond the end of March..

I have a spreadsheet that tracks the cash on hand and at the end of February the figure should be approximately $2,926,000. This assumes a $1,550,000 monthly burn rate which was the cash OPEX per the last Q report.

[ark88]

I bet the salaries and related costs alone are around $1 million per month.

[wintersun10]

That number is inaccurate. The cash expenses were 1 mln per month. The rest is paid by issuing shares or write offs, non cash expenses. So, the run way is definitely longer. But they should have cash for at least a year on hand. So, no matter how you cut it, Poet should be raising more cash right now.

[lscfa]

burn rate is $1M per month   US $ Sep 30 cash 4,476,478 Oct 31 cash 3,500,000 US financing 1,200,880 Cda financing 4,134,880   8,835,760 nov burn -1,000,000 dec burn -1,000,000 jan burn

[lscfa]

Plus 335,807 shs issued since last financing x ~ $1.30 US = $ 443,549 US

[maestrodrumboe]

Are you assuming the 1.12 US warrants from the recent financing  as being already excercised? Is there an accelaration clause in the financing? just wondering about  the additional $7.7 Million ,,if so, are you not counting your eggs before they hatch??

[pennyflipping]

Guud golly! Time to ring the dinner bell for the next drop to under $1! The pumpers seem to have all but disappeared, did they all get wiped out? Or are they still spending every waking hour lurking on srockhouse? ROFL

[gilver]

The fact that you continue to name-calling and putting down people seemingly for trading purposes seems to only expose weakness and disgenuousness. The same familiar aliases in fake conversation with each other trying to stir the pot of controversy. There are no pumpers here that have disappeared only obsessive critics panhandling with their nonsense posts for trades, so it seems? gzilla

[maestrodrumboe]

and out comes the Grade D" pumper, who keeps proving to the board that he knows Nothing about the stock.The fact that he keeps shouting that the POET "rocks "and the Poet is" guud" ,but gives no rational facts to back up his drivel,purty well says it all...lol.lol

[gilver]

Thanks for the grade D, post-panhandler, maestroll. You never need to respond to me, but impulsively always do because you need me. Because you seem dependent on others for your posts, that grades you as an F. Thanks for your generosity in grading me. Your a real prof. lol. gsupreme

[maestrodrumboe]

lol...tell us how the Poet Rocks and how Guud it's going to pan out for the suffering bragholders.Your loyal followers are waiting  patiently to hear from you with baited breadth. Bait those nasty naysayers with personal attacks,see if that works.Show them who really is the board Guru.....lol

[lscfa]

1.8 million warrants from US financing are exercisable now. 5 million from Cdn financing have 4 month hold period