RE:RE:RE:RE:RE:Deja-vubrundall wrote:
In the last 6 months......
1. there has been a management and board of directors shakeup because the 'old team' failed to deliver, The reality of this statement is that the old team did exactly what they should have and could have given their abilities. They made the connections and carried the company until it was ready to move to commercialization. They swallowed their pride and brought in the industry elite team once the timing was right. We didn't need the existing board until the product was ready or we would have been wasting $. The original team did a great job of building a solid supply of funding that will carry the company until revenues begin. They did everything they could with near perfection and handed over he reins for the next level once the time was right.
2. one of the largest shareholders (Pinetree) is completely exiting the stock,
Pinetree are exiting because they HAVE to. It is one of the only holdings of any real value they hold and they waited as long as they could to liquidate and satisfy debentures. The fact they loaded up and Sheldon who owned the company essentially chose PTK over PNP suggests where he thinks the money is. He just made some poor timing choices and over leveraged in a year of poor performance from all PNP's holdings.
3. the chief scientist resigned from the board of directors,
The chief Scientist is where he has dedicated his life to be. Guiding the process to commercialization and preparing the technology for roll out and potential next generation adavnces.
4. Sheldon Inwentash, the prior monetary saviour of Poet resigned from the board and is apparently selling stock left right and centre
There is nothing to show this. Speculation. He is no longer and insider and this is purely speculation. As he holds so many shares it would be in his best interest (after sacrificing his own company) to ride it out and reap the riches he knows are to come. If he sold anything it was probably on the knowledge that Pinetree had to sell x# and he knew he could buy back in for less once they concluded.
5. There was talk by the company of a reverse stock split
This, I'll agree was short sighted on the part of previous management as they obviously felt their timeframe was shorter than the new management corrected for. It was never executed and was only to help the Nasdaq listing. It was poorly timed, but never used, so...
6. 30 million shares have exchanged hands in the last 2 months and the stock is down 61% over that same time period.
Pinetree, stop losses, Warrants and options about to expire are all worthy explanations for this. Add in that they were all public knowledge and then you have many who had the foresight to see a drop because of these items, sell as well. Brings us to where we are today. However all of those items are about to pass and many who have been waiting for the bottom will be buying back in in a hurry...very soon.
7. News was released today delaying a possible revenue stream until at least the second half of 2016.
News was released today essentially saying there WILL be a revenue stream. And this is the first announcement. VCSEL's only. There will mostl likely be many more to follow. MoU's will soon become concrete deals. This shouldn't be viewed as a "delay" but a victory. It means POET is becoming a reality.
I've always tried to be neutral in my posts and very open to both sides to construct an honest and fair assessment of this company. I am not a cheerleader or pumper. These are the facts. Until today's news release it was still a guessing game as to what the reality of POET might be, but it appears that this is the first crucial release of many more to follow and I imagine with the current team at the helm, they will roll it out in the best conceived manner.
I believe we are turning the corner. The next 2 months should prove interesting.