RE:RE:Most important lesson learned from POET
"Everybody knows what happened..lol
.................. if might this be the reason ?
they pumped it up by duping SH in believing that the Pooet was a $1 bill company and that customers were lining up with PO's and meanwhile they all started dumping in unison.
they drove the MC from $400 mill to $50 Mill and still no chance of sales revenue in sight ....lmso
PS Likelyhood of Bankruptcy is growing by the day."
The CFO stated his opinion what he thought the company could be worth, probably his estimate of Poet's value to the marketys based upon what Poet has achieved and lined-up at that past time. For now, his opinion is not accepted by the market (hence, the drastic lower value) but I feel .in my opinion, it is more about Poet's customers timing rather than what Poet is doing. To say he is "duping" SH is rather strong and no one's opinion is fact, not even the CFO. Perhaps, in hindsight, it wouild have been better he did not throw out a number.
Another thing is most of executive company management, understands their market segments, and they should have an idea of what "they could be worth".
I feel that when the stars align at the right time, Poet will be worth a lot. As far as a number goes, I will leave it to the experts and the market. The market may not appreicate any of the positive intangibles and it is hard to award a high share price on that. But management would not keep at it, if they did not feel that they will get their goal for all shareholders who continue to back them. They are still around because they have been backed, but the backing must go beyond retail SH.
gilver