Poet Technologies Inc (POET)

[mackwheaton]

Good timing strik.

👀 ... Details in just 12 hours.#POETpowersAI pic.twitter.com/babr1nEQcd

— POET Technologies (@POETtech) August 1, 2024

[20stockman20]

Good move.

[Xrouter]

Just got my $2.7 filled

[20stockman20]

THX MY FRIEND. Check out BEEM

[MartinLutherKing]

Nice POET spike brother, Look out RNAZ Explosion

[20stockman20]

Ant thoughts on the after hours spike up then a drop off?

[Texbanker]

I don't think that internet backwater has much sway. Agoracom is the standard bearer for POET and they are bearish af right now.

[Texbanker]

The latest Mazan post is interesting. Seems like he is beginning to lose patience with these clowns too.

[prototype_101]

2024 Optica Photonic-Enabled Cloud Computing (PECC) Industry Summit

I thought I would list companies represented at the conference by market cap.

Market Cap

Nvidia 2.8 T

Broadcom 703.3 B

IBM 176.3 B

Intel 134 B

Arista 98.4 B

Synopsys 84.7 B

Marvel 55.4 B

Corning 37.6 B

GlobalFoundry 28.1B

HPE 25.2 B

Ansys 27.1 B

Jabil 12.5 B

Coherent 10.7 B

Lumentum 3.4 B

Infinera 1.4 B

Lightwave Logic 447.9 M

Poet Technologies 176.4 M

Poor little Poet at the bottom of the list but Oh......What company to keep.

How far will Poet rise up that list and when??

https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/803343-suresh-linkedin-post-re-2024-optica-photonic-enabled-cloud-computing-pecc-industry-summit/messages/2417950#message

[Xrouter]

1 millionth Buying Opp!! EOM

[Xrouter]

Buying opportunities!!!!!!!!!? Yeah. Right

[Xrouter]

I guess Proto that PoET’s ATM must of broke down. You’d think that a normal company would have bought through the ATM and saved the “shareholders” less future headaches and dilution. Again the management shows how poorly this company is run and how a stock heading up can quickly be killed by poor decision making. GLA, Strik

[prototype_101]

Registered Direct Offering

On July 19, 2024, POET Technologies Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with MMCAP International Inc. SPC (the “Purchaser”), pursuant to which the Company agreed to sell and issue to the Purchaser, in a registered direct offering (the “Offering”), consisting of an aggregate of (i) 3,333,334 common shares, without par value (the “Common Shares”), and (ii) a warrant or warrants (the “Warrants”) exercisable for an aggregate of up to 3,333,334 Common Shares. The Common Shares and the accompanying Warrant in respect of one Common Share, can only be purchased together in this Offering but will be issued separately and will be immediately separable upon issuance. The price for each Common Share and accompanying Warrant in respect of one Common Share was $3.00. No placement agent is involved in this Offering.

The net proceeds to the Company from the Offering are expected to be approximately $9,800,002, after deducting offering expenses payable by the Company. The Offering is expected to close on or about July 19, 2024, subject to customary closing conditions.

https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/803244-mmcap/messages/2417690#message

considering they get 1 share and 1 warrant for $3.00 total which is below market just for 1 share at close was $3.18, but I give Poet credit for padding the Cash for Operations, something they have been miserable at in the past!!

[20stockman20]

ought back in

[prototype_101]

glad to hear it! eom

[Xrouter]

I sold all. I made a pretty penny in the last month or two with trading poet. I’ll never trust their leaders considering what I and our moderator have gone through with those “gentlemen “.

[20stockman20]

I sold off half , waiting for the pullback.

[Xrouter]

Just planning it now. Will probably go after Labor Day when traffic dries up. Poet looking strong today. Waiting for a pullback but may not happen

[20stockman20]

Enjoy your vacation, my friend. .

[Xrouter]

Taking a pause. Planning our vacation to the Cape. Love the Cape hate the traffic. I’ll check price and probably stay on sidelines for a few weeks. Enjoy and I wish you many positive quick trades.

[20stockman20]

Doubled my shares this morning.

[Xrouter]

Sold for $3.5. $2K is $2K. If it goes down I’ll buy again. Goes up I’ll wait it out or I’ll Houdini

[20stockman20]

IMHO POET is pump and dump. Like the song says” you got to know when to hold them ,and when to fold them, and when when to walk away"

[Xrouter]

I’ve bought when poet was $15 a share and I’ve bought at.73 per share both post split numbers. Poet was steady at $10 per share for a while with a lot less promise than what we have now. GLA, Strik

[20stockman20]

FINVIZ has a target price $5.30 for POET some have posted a $8.99 price . Where dues reality, end and hype begin?

[20stockman20]

This is like a “band of brothers”

[gladeshawk]

Try google.

[gladeshawk]

MVIS >> as I stated. Both POET and MVIS are S.I. pumps per a friend. HAWK

[mackwheaton]

Damn, the triple whammy! I added some today too, I suspect we will drop back to the $2.25 range by end of next week.

[Xrouter]

Back in at $3.00

[20stockman20]

Back in at $3.03

[prototype_101]

Poet new AI presentation, slide 11 looks pretty impressive!

https://poet-technologies.com/docs/presentations/POET_InvestorPresentation_July2024R.pdf

[gladeshawk]

Still at it on S.I. Also, looks like they are warming up to MVIS. Target in the $8 area for POET. MoMo could take pps higher.

[20stockman20]

Sonds like a good plan. My thoughts also.

[mackwheaton]

This was posted in StockTwits, it might prove useful.

https://stockinvest.us/stock/POET

[Xrouter]

Hey Mac, right now I’m out but trying to figure out at what point I’ll jump back in. Let’s say no news for a while, I think it may touch or retest $1.80. Then I’ll jump back in.

[mackwheaton]

Thanks for bringing real numbers, and by themselves, those numbers would be concerning, especially if the losses were attached to what we would regard as ongoing revenues. But, in spite of their rush to describe themselves as a commercialized entity, they remain in late stages of development. Only nominal revenues have been booked to date.

This is not development in terms of proving the technology, that long, high risk phase is mostly behind them. The development being undertaken now is customization of the optical interposer tech into specific working products for committed customers. My definition of commercialization is simple, when the lemonade is made and it is being sold, you are engaged in commerce. Theirs may be different.

However, like the lemonade stand, they must invest in product and demonstrate an ability to deliver it in quality and quantity. So it’s no surprise their expenses will ramp prior to a revenue ramp. That is the stage we are in now.

You can grind the beans as much as you like, and if they fail to book revenues before cash runs out, you may be a soothsayer. But the deals in hand with Foxconn, Luxtera and CAI suggest that we are not looking at a pie in the sky scenario; real revenues and further customer engagements will come, to what extent will determine its success.

If they remain without substantial revenues a year from now, come back and pull the fire alarm, as cash may begin to reach unacceptable levels. Recent actions show them shedding retail investment as a source of sustenance in favor of the emergence of some level of institutional investment. Since companies need to be more open with these folks regarding what is happening, if such interest increases, it may bode well for us small fry.

In the meantime, save the panic for later next year, unless you are just trying to create a cheaper entry point.

[Slim6]

For the quarter Jan-Mar 2023, POET had net loss of $5.27 million.
For the quarter, Jan-Mar 2024, POET had net loss of $5.72 million. Those are both huge losses compared to the company's total revenue.
That is an increase of $450K. These losses are accumulating. POET just increased the number of shares by 3.5 million during the month of May. That is diluting shareholders further. Catch up with the income statement and balance sheet or you will be out a lot of money. You can find the filing at the SEC since May 15th, 2024. Or then again, don't catch up and you will probably lose even more. Enjoy!

[KCCO7913]

Yup. Very easy to find the necessary information so this poster is deliberately spewing nonsense.

[mackwheaton]

Last warning, get caught up or get lost. Re-read my prior post. We welcome criticism, we all do it, but support it with facts, not with outdated financials.

[Slim6]

They have $3.5 million in liabilities. They barely have any cash, the only reason they have any cash is because they are diluting shareholders hugely. More dilution is coming because they have almost no cash left. Look at the balance sheet and the income statement. Seriously!

[Xrouter]

Please Mac give the person a little benefit of the doubt. It’s OK (I guess) for a poster who registered on our message board a week ago to bash both LWLG and POET. Let the poor person short away.

[mackwheaton]

“Creditors are getting anxious”. Seriously, do you even research before you post such BS. The company has no debt and now more than $25 million in cash. Show some credibility when you try to bash. .

[Slim6]

Loses are no longer $5 million per quarter but have risen to $6 million per quarter.
Net tangible book value is going negative this quarter. It would have gone negative earlier but they have diluted the shareholders from 38 million share to over 46 million share is the most recent 12 months. That is a lot of dilution so that management can continue to scalp the shareholders. Creditors are getting anxious. The company is not even worth $0.80 per share. Beware.

[20stockman20]

I agree. Tok some of my cash from POET and put on BEEM. .
Keep on thicken

[Xrouter]

Hopefully this dip continues all week. I think the best time to jump back may be Thursday. Hopefully under $3. Good luck 20

[20stockman20]

Right on.
Keep on trucking.

[Xrouter]

Seems people are waking up. Good to trade, but not a good stock to INVEST in at this time. GLA, Strik

[Xrouter]

Great Mac, God bless the USA and all you guys and gals. Strik

[mackwheaton]

I’ve known and liked folks on each side of this “he said” “he said” dialogue for a long time. I don’t like moderating, step back and remember this:

Opinions pro and con are to be permitted, provided that
a) they are done respectfully
b) they are not repetitive
c) they are not personal

Bring insight, foresight when you can. Hindsight only when it applies. We are all buyers and sellers at some point, we are all here to make money, timing is always the variable.

And, as of tomorrow,

https://getyarn.io/yarn-clip/aa3e6ea9-5d5a-4e2d-92ac-d3c4d1228405

Please don’t make me remove posts.

Thanks to all.