Hmmmm, seems like that they are claiming that.... These guys plan to take the bagholders for every penny they can....
Sorry to hear that Royalton. I also know several Poet investor folks who had the same situation.
One friend had to sell 100k shares, another 60k shares and a few others at slightly smaller amounts but totalled another 100k approx shares so about 260k ..... hence the accelerated drop in SP.
But that pressure is now over.
Once the price is set and the deal is done the SP will rebound and quite quickly is our belief.
We are all of the mindset that once the bounce stabilizes, POET has cash in the bank and zero debt, we will all use a certain % of margin available to get as much of this stock as possible.
This pain is short term, of that we are utterly convinced.
Have a great weekend all.
Next week should be the start of the bounce. If we get a short trap play, that would be fun to watch considering the aweful week we have endured!