POET Technologies Ord Shs V.PTK

Reality

[ark88]

Some shareholders do not realize the peril they face here. If they can't close the financing, it's lights out. Meaning your shares are worthless. It's that simple.

[ark88]

and when the Q results are released after the close today, we'll get an update on the cash situation. As of Sept 30 cash was at $7.8 mil. Given the circumstance, management would be well advised to publish an update on the cash position. Anything less than $5 mil is very problematic given the known burn rate.

[gilver]

Yes, cash position is always a concern when no suffficient forms of revenue become onstream in a pre-revenue company. We don't ever really know what strategies Poet management has considered or will consider. My hope would be a cash infusion by Celestial AI (if possible) and them to take a board seat to augment Poet and not be a tear down of Poet BOD. Of course, if there are any other

[helpful1]

Hi Gilver: Look at POET'S web site & progress made has recently been updated. I would also like to add SPX could also consider cash infusion as they have 30 lead engineers & are responsible for the production .I am confident about the projected growth in all area including A.I. Appilications. We are not privy to the boardroom but think perhaps would inject  further interest in

[gilver]

Absolutely, helpful1. The possibilites for Poet remain open. As you said, "... We are not privy to the boardroom ...". The BOD is made up of some heavyweights and I doubt they ever play "victim" in their lives. They are visionary, think forward and have tremendous industry experience that will utimately benefit Poet, imo. Anyway, I would find it hard to believe that Poet has

[Poetwhen]

This post has been removed in accordance with Community Policy

[gilver]

You can't say with certainty that some shareholders don't realize the seriousness of the situation. Sure the tech may very well survive. SV may survive. The future of current shareholders is always at risk of dilution, but without new stronger shareholders to take over from the predominant retail base, what do you expect Poet wll need to do to survive?  They need to bridge finance

[lscfa]

Fins are old news....prospectus says:  At October 31, 2023, the issuer has an existing working capital of $US 2,540,000, with $US 3,500,000 cash on hand.

[ark88]

Thanks. Thanks goodness its not below 5 mil.

[maestrodrumboe]

Lol.You wish they had over 5 mill cash... available cash for operations is only 2.5 Mill..after deducting payables from 3,5 Mill from Total cash on hand..they barely have enoigh cash(WC) to get them through Mov and Dec.If the financing doesn't come through,,,Yhey are Bust Broke. Lights go out by Xmas..

[gilver]

You can't assume that some shareholders don't realize the peril they face here. For any pre-revenue company that was developing and is now continuing to evolve towards their mission statement, after any financing there is always a risk that it is lights out or game on. No money, no honey! So why do posters that bash a stock several times a day for years hang around to do that? Does that