RE:RE:Small raise = inefficentthis financing,albeit much smaller,makes the 2016 Wainwhright financing,back then, look like a great deal in comparrison..
The offering has none of the customary conditions,such as a Holding Period nor accelaration clause and they even went as far to guarantee Maxine the option for first right of refusal, should they require additional financing within the next 12 months.
I just can't seem to put my head around it,no matter how hard I try. why would POET give away the shop and allow Maxine to walk away like a bandit,only to extend the runway for just another month?They must be counting on another source of financing or funding ,that they are working on and they intend to announce Soon or they are fully confident that they will be in a position to announce a sigificant breakthrouh event that will change the financial landscape opportunities of the company. Only other possibilities are,a buyout or the sale of an eqiuity stake in the Company.
Taking such Action out of deperation alone, would simply be superfleous and the dumbest of all the dumb moves made by management..imo
It was a longer dream than usual,last night..lmso
GLTA Slongs
https://stockhouse.com/news/press-releases/2016/11/02/poet-technologies-completes-c-12-5-million-public-offering-of-units
maestrodrumboe wrote: We estimate that the net proceeds from this offering will be approximately $1,000,000 after deducting underwriting discounts and commissions and estimated offering expenses payable by us (or approximately $1,200,880 if the underwriter’s over-allotment option is exercised in full).