Post by
wintersun10 on Mar 20, 2024 10:38am
Bridge
If your Bridge loan does not get any follow up, it was a bridge to nowhere.
Clearly the financing was insufficient to last 12-24 months. Calling a loan a bridge does not imply you got the next leg lined up. Esp. not if there is no mention of the next leg.
The only question now is whether Poet has the cash to hold an AGM to vote down the repricing of the options. And to vote down whatever else needs voting down.
Comment by
wintersun10 on Mar 20, 2024 10:43am
They used to call the gadgets production ready too. These guys have a very special dictionary. We lay people are unable to decipher.