Once upon a time POET may have responded to this SA article. But let’s face it. It is so far off of POETs radar right now that I doubt they even gave it a second look. Which is obviously concerning to us retail shareholders but should it be? The statements made were completely fabricated as I pointed out in my earlier posts. The facts were incorrect. What it does however point out is that the shorts needs a vehicle to cover there position?
There have been no more warrants exercised in any significant number for a relatively long time now.
LeeP remains under blackout so those options and shares will not be hitting the market contrary to what the short thought. Nice move by the way POET.
The shares are obviously getting more difficult to come by for the shorts to cover and let’s face it POETs hands are tied by NDA but they could become untied at any time.
Once upon a time this article by SA would have caused panic. Did anyone see any panic reflected in the share price today? If this fund holds the majority of the short position I think they are going to have a problem making any money and they may just get burned.
The language used in that article relating to the technology is far what I would have expected from anyone who had industry knowledge or a source of industry knowledge. The holes in that report were pretty big but it certainly provides a good opportunity to reflect on your investment in POET. Something we should always do.
And let’s face it. It was a great source of entertainment for the boards today. An investment in POET is anything but boring.