POET Technologies Ord Shs V.PTK

Financing blunder of the decade

[lscfa]

These bozos should have set a price (say $2.50 US when stock closed at $2.70) and immediately announced it on a best efforts basis. If they only attracted $5 million so be it. Try again in another 4 months if needs be.

[ark88]

I'm more inclined to think that they may have had little choice. The failure of the ATM program is a case in point. They're totally at the mercy of the market to raise whatever they can. Otherwise, going to the market twice with no set price is tantamount to suicide and legal jeopardy.

[wintersun10]

The least they HAVE to do is set a price. If it does not work you can reprice and go like oh sorry guys we found we are bit high, everybody gets the same new lower price. This is NOT rocket science.

[pennyflipping]

The problem is that the market isn't will to bid regardless of the offer price. So I'm guessing they set no price hoping to rope a dope into parting with what is pretty valuable (6% interest in the bank) monies. Versus guaranteed never to see your monies again when management pays it to themselves then ask for more 6 months later. Lol

[lscfa]

Example of how it's done...     November 1, 2023 / Southern Energy Corp. (TSXV:SOU)(AIM:SOUC)(OTCQX:SOUTF) is pleased to announce its intention to conduct an equity fundraise to raise aggregate gross proceeds of at least US$5 million (approximately £4.1 million / C$6.9 million), at a price of 15.5 pence (the "Placing Price") or C$0.26 per Common Share (the "

[wintersun10]

They cannot scrape together any penny for a financing. While everything is going according to plan. Want to change the plan maybe? "I want our shareholders to know that, from a business perspective, Poet believes it is on track to commercialize our technology and products with initial production expected to commence this year and continuing into 2024, and we are working diligently to speed