being outside US is key for OPL ... very good that OPL is a Canadian company, then.
What Techgc notes, is of considerable importance.
Without a tax-repatriation holiday?
Many, many companies (in guess-which-sector) have publicly flat-out refused to expand onshore hiring or execute on US-based acquisitions.
Take Cisco for example.
Fairly reliably-aggressive acquisition organization, and certainly representative of at least one of the applicable interested verticals for POET's application.
In 2012, they acquired 9 companies, nine of them in the US, and two from overseas (including a $5-billion purchase of UK-based NDS Group).
In 2013 so far, Cisco has bought two companies, both of them from overseas.
Chambers has about $46-billion in the bank, the majority of it -- over 80% -- is held outside America.
Were he to bring it home, he faces having to fork over a 35% IRS tax gouge, just to repatriate it.
Cisco is not the only company hoarding cash overseas to avoid taxes. US companies have about $1.7 TRILLION offshore. Microsoft keeps about 87% of its $66.6 Billion stored outside the US; Oracle 80% of its $31.6 Billion.
What of AAPL, you ask?
With about 68% of its $121.3 Billion cash brooding overseas, their famous warchest is aching for return through exclusively non-American investments.
Now is the time for us to be very, very thankful that OPL trades in Toronto, and has an Executive Leadership team that is proudly Canadian*.
GLTA,
R.
* -- for those who weren't aware, Geoff Taylor is also Canadian.
TG>many companies are holding a warchest of cash for safety and flexibility reasons (especially if this cash was earned outside the US).