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Alternate Symbol(s): POET

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POET Technologies Inc. is a design and development company. It offers high-speed optical engines, light source products and custom optical modules to the artificial intelligence (AI) systems market and to hyperscale data centers. Its photonic integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the integration of electronic and photonic devices... see more

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POET Technologies Ord Shs > MMCAP 13G

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Post by lscfa on Nov 05, 2024 2:28pm

MMCAP 13G

How the hell does MMCAP get rid of Wrts without exercising them?

MMCAP	13G May03/24	July 2024 issue	Sept 2024 issue	13G Sept30/24	Shs / Wrts dumped?
Shares	3,258,390	3,333,333	4,000,000	4,755,784	5,835,939
Warrants	2,709,227	3,333,333	2,000,000	2,514,394	5,528,166
	5,967,617	6,666,666	6,000,000	7,270,178	11,364,105
Unit price	$3.069 cdn	$3.00 US ($4.09 cdn)	$3.75 US ($5.09 cdn)
Wrt exer. Price	$4.26 cdn	$4.00 US ($5.45 cdn)	$5.00 US ($6.78 cdn)

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Comment by lscfa on Nov 05, 2024 2:50pm

Answer: MMCAP dumped a lot of warrants on someone else. Warrant agreement says they are transferable to non-US residents unless underlying shares to the warrant are registered in US.

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Comment by beenthere on Nov 05, 2024 5:02pm

Probably they have been working with Trump to work around stuff! lol Says something about POET management! May not be illegal but shows you who POET looks after! Sad!

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POET Technologies Ord Shs