RE:RE:New Press Release - POET Reports on Share Sales under ATM Program for the Quarter Ending September 30, 2023OUCH!!!..Not at all surprising.there is just
No INterest in this POC.. .but nonetheless, still very painful to get slapped with the bad News on a
Fryday,after hours..They only raised 1.3 Mill from the ATM thus far,which means that they are even more Cash strapped than people thought..Looks like the long term potential for the Superlong investor, is quickly fading away..LMSO
The Company has not sold any common shares under the United States-only ATM Program from its inception on September 1, 2023 through September 30, 2023. The Company has suspended sales under the United States-only ATM Program and is not required to provide notice if it resumes making sales thereunder in the future. The Company received net proceeds of approximately C$1,285,195, representing aggregate gross proceeds of approximately C$1,324,943, less aggregate cash commissions paid to Craig-Hallum and Cormark of approximately C$39,748. Dollar values disclosed above in Canadian dollars are derived from the aggregate of distributions on the TSX Venture Exchange and the Canadian-dollar equivalent of the distributions on the Nasdaq Capital Markets (based on the Bank of Canada exchange rate prevailing on each applicable sale date).