Post by
wintersun10 on Oct 14, 2023 6:43pm
Loans maybe?
Poet has zero sales.
So, fortunately Poet has zero chance for a loan. Except maybe for a loan shark who wants to get Poet for next to nothing.
So. No, no loan.
Comment by
lscfa on Oct 14, 2023 7:07pm
down payments from customers
Comment by
lscfa on Oct 14, 2023 7:14pm
Celestial AI just raised $100 million US. It can cough up a few million upfront for its $40 million in orders to Poet.
Comment by
wintersun10 on Oct 14, 2023 7:19pm
Zero orders from Celestial. Yeah, Celestial makes stuff. Are they using Poets gadgets? To be determined.
Comment by
pennyflipping on Oct 14, 2023 7:23pm
Down payment? No customer would ever pre-pay and handover large sums of money to a company with zero products and sever cash issues. Unlike bagholders, they don't want to be unsecured creditors when poet files for chapter 11. LOL
Comment by
wintersun10 on Oct 14, 2023 7:17pm
customers? orders? hard enough to sell the stuff, now you want to ask your customers to finance you? very big ask...