POET Technologies Ord Shs V.PTK

NAS Delisting

[ark88]

Interesting article on this subject matter. Several key take aways:

- 464 stocks under $1 on the NAS now
- 255 Reverse Splits so far in 2023
- after 30 days of non-compliance, 180 days grace period given
- many companies get a second 180 days, if they show plans to comply like RS
- after second 180 days, they can ask for hearing to appeal.

So, come August of next year and if nothing has changed, POET will be starting the 2nd 180 days period. At that point, the likely outcome will be another Reverse Split if it wants to stay on the NAS.

https://www.wsj.com/finance/stocks/hundreds-of-stocks-have-fallen-below-1-theyre-still-listed-on-nasdaq-c8e36abf

[ark88]

The key take away for POET investors: If nothing has changed by August, 2024, I'd say 50/50 chance of another RS going into the end of the yeat to stay on the NAS. So, what is the revenue forecast for 2024? Shareholders need to re-evalute the risks here in light of this. Even with the successful financing, isn't the company out of funds by early summer 2024, just in time for the end of

[lscfa]

Saves C$1 million/yr and co. has raised more money in Canada anyway. https://www.quarterhill.com/news/news-details/2019/Quarterhill-Announces-U.S.-Delisting-and-Deregistration-2019-12-3/default.aspx

[maestrodrumboe]

That would at least cover Surresh's payceque for a full year,if they make it to 2025,when they expect some income to start trickling in..lol

[helpful1]

sTo save that from ha ppening C.E.O. Should take $1 as salary   to get past the rough patches,what I mean by that is until POET is firmly in the black.Ceo has a lot to lose so he needs on HOW TO SAVE HIS COMPANY as he has the most shares & the MOST TO LOSE.         

[ark88]

You're absolutely right. You'd think for a company always struggling with finances, this would be top of mind. Why can't they get ahead of the impending minefield in Q1/Q2. If nothing changes, the cloud of a another RS will hang heavily on the stock.