RE:RE:Someone Please Explainmaestrodrumboe wrote: Market realizes that their bandaid financing won't get them very far.The US raise, has long been smoked by now.They most likely have 2-3 months W/C after paying off approx 2.5 Mill in current debt.Their financing problems can only get worse from here,unlless they pull a fat hare out of the hat and secure 20-30 Mill to get them through the next 12-18 months.
Hopefully the SP picks up a little more, so those of us that bought near a buck can walk away with a small profit. a double for me, would be real nice..
GL to US all
ark88 wrote: So the SP tanked from $3+ when the market relaized its fund raising efforts running into trouble.
Then, they complete the palcements with decent and broad insider participation and the SP is still languishing. What am I missing here?
Thanks for induling me. It was a rhetorical question.
There is a slow rot smell developing here. The competitive landscape is fast changing and POET needs to continue developing to stay relevant and yet here we are.......needing funds just to pay salaries and rent let alone R&D.
PTK has a marketcap of $86 mil.
Total float at 47,661,133
MC too high?
Float has room to grow?
I would not be surprised to see a short attack to begin in anticipation of financing.