RE: RE: RE: RE: RE: RE: Dilution................ tradergrader. Opel was nearly bankrupt. IBK can take much of the credit for saving this company from the brink, forcing the change in the business plan, Management and the BoD. This company doubled in value prior to the announcement of the laser. IBK employees have a very large stake in this company and we watched as Sheldon Inwentash continued to buy shares in the open market right up to .68. Why would he do this unless he had a great deal of confidence that increasing position was going to have greater future value? I would be surprised if other fund managers have not taken notice but they would want to get in on a financing if they could and own options and warrants. We saw Cormark buy out the blue just ahead of the last run-up.
I also believe that IBK wants to see a big pay off and they know that the larger Brokerage Houses have the muscle to provide great exposure and promote this technology.
One goal is clear and that is to develop POET as quickly as possible. The sooner it reaches the market the higher its value will be. That means adding resources. Opel wanted to add staffing to BAE they also wanted advanced test equipment. I doubt that ether of those two needs have been met as yet. What they have had to deal with is Sandy and the delays it has caused as well as the added costs to refurbish the lab.
Obviously there are many possibilities and none of us know the direction that this company will take but ST is absolutely correct in this statement:
The new BoD has done a phenomenal job so far so I think we can all relax a little and let the BoD continue executing their strategy to maximise shareholder value....