POET Technologies Ord Shs V.PTK

Willful Blindness

[ark88]

It's one thing to invest in a company thinking it may have the right ingrediants for success, but its entire a different thing not to recognize when a company is dooomed. It's only a matter of time now with POET.

The long and the short of it is they gave away the low hanging fruit, 100G market for no financial gain, just to prove to the market the vialbility of POET tech. Now, when the competitive landscape is rapidly changing, it needs to refocus to chase the 800g+ optical engine market. It desparately needs capital to do so and yet it's facing difficulty raising enough just to pay rent and wages. Its willfuld blindness not recognizing what's to come here.

[wintersun10]

Its ego, unable to admit you made the wrong investment.

[lscfa]

Co. still has options. It could sell some of its 47% stake in SPX to Sanan for cash proceeds. But this is a last resort after it can not raise sufficient funds in public equity markets. I still Celestial should advance Poet $10M US via bridge loan to ensure supply of light engines.

[lscfa]

Dec 5/23 - "....we continue to discuss financing alternatives with investors and with partners who share our vision and exhibit confidence in the value of our technology and our technical achievements. Multiple potential avenues to financing remain, and we will continue exploring each of them in parallel over the next few months."  

[ark88]

A company NOT having financing issues would not make such a statement. Think about that.

[wintersun10]

Poet: Fizzled announcements are us. Poets words have negative value by now. People go like OK they say this, so they mean that. And the "that" is gonna be a worse case scenario. How can you not get drowned in cash if: "You make the internet faster" Nobody cares about a faster internet? or Nobody believes a single Poet word? Would not be surprised if they are going to miss

[ark88]

Lol, you sound like a competent CFO.