POET Technologies Ord Shs V.PTK

Life deal is contingent on the US deal closing

[maestrodrumboe]

So if the  US Maxim deal doesn't fly,there will be no Life offering..
Makes sence, given that there is a condition in the LIFE offering that POEt has to demonstrate and prove that they have 12 months worth of operating cash on hand to stisfy one of the terms in the offering.jmo

[lscfa]

Cancel both financings and get a damn bridge loan/cash deposit from Celestial.

[wintersun10]

This is/would be a test of how serious Celestial is. They could give a loan and if Poet cannot pay the loan Celestial would own Poet for the price of the loan. Too bad for the shareholders. If on the other hand Celestial is not really interested in Poet gadgets, they would not provide a loan. So, Poet shareholders would get an answer on the interest side. Problem is, if they are going to give

[lscfa]

Celestial has already designed-in poet devices into its accelerator product and has issued Poet a purchase order so it should be supportive financially. 

[pennyflipping]

The problem is that poet can't scale production to ship what customers require for a mass produced sku. Poet wants more money from investors and time.(which Imo accomplish anything) Unfortunately they are almost out of runway. IMO this tech has never been commercials viable and why big established players have no interest in the IP. Silicon is the current industry standard and future in new

[wintersun10]

Even better merge with Celestial. Goes a long way to solve financial and (mis)management issues at Poet.

[lscfa]

Celestial could do a reverse takeover and get instant Nasdaq listing as well as Poet's $200 million tax loss carryforwards.

[ark88]

Bingo

[maestrodrumboe]

THats a real Possibility..Celestial would benefit large from the Tax loss.. Would be rather IRONIC considering that it's how OPEL International got started,by doing a reverse takeover of a defunct resources Company ,named Tandem Resources LTD...

[ark88]

Could you imagine if this were to happen. Pre RS price $0.25-30 would be a considerable premium to the closing SP. Watch if they keep the SP under $0.20 for another week and they pull this reverse takeover, all in cash and skrew the existing shareholders. After holding for 10+years you get a 10year price for your paper. Brutal.

[longpoet]

Wow.  This place is becoming the new Fantasyland. LOL

[beenthere]

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[wintersun10]

With a broke Poet, with cash running out at the same time as the year. What else can you say? There is no apparent financier. To salvage anything a merger seems the only way. As unlikely as it maybe. If you want to call it anything, probably desperation, exasperation. But, hey if you know whats up. Enlighten us.

[maestrodrumboe]

Never a Guud thing,when Santa runs out of money to pay his elves. I was really counting on the Slongs(Super longs) numerous promises, that Santas sleigh would be powered by POEt this year. I have pretty well given up on POET and from hereon out,i'm only going to post when I got something to say..lol

[wintersun10]

The Super Longs may have their Fantasies. Yeah, we know. But who relies on that? Anybody? Nobody? But the promises and announcements did come from Poet. Fe These gadgets are "production ready" while Poet is not production ready anytime soon. That is the real problem Weaselwording.

[maestrodrumboe]

Yep! Poet Management,Slongsn, they both dance to the sound of the same Song..  They claim to have MANY cutomers and they are Full  Production ready,but NO PO's No Sales Revenue ($0000) and NO Wolf. And now, No Mo Cash to pay their salaries...LMSO

[pennyflipping]

This post has been removed in accordance with Community Policy

[maestrodrumboe]

HoHoHo!! Gudder one..lol If you think about it,all those Slongs who introduced POET to their family and friends. would  likely be inclined to order in  multiples of 2 ..Would make a great Gift,that I'm sure they would appreciate..lmso

[pennyflipping]

Poet management should start selling merch to raise money. Maybe have a few novelty t-shirts too. -"I bought poet and got this shirt" . Rofl