Poet Technologies Inc (POET)

[gail]

yup, i find them but dont hold like i should.

[Monksdream]

Missed it

[maheu86]

When is the dump?

[KCCO7913]

Most long time shareholders are still at 50% losses.

That YouTuber sure has some big boy trader followers.

[gail]

damn. got in this morning, got……

….

shook out.. and now its running, lol. congrats to those holding.

[Xrouter]

I Agree. As long as management stays on the sideline and doesn’t kill it with its stupid news releases.

[20stockman20]

FINVIZ take price $3.00

[gladeshawk]

A close above $1.50 would be very positive. Maybe a run to $3.00?

[KCCO7913]

If the ATM is being used I’d guess 750k shares yesterday and probably a bit less today.

So possibly a month or two worth of capital.

[Xrouter]

💩💩💩💩

[XenaLives]

Thanks for the info - in light of the other similar volume spike I can't accept this as being an "organic" move.

[KCCO7913]

Nothing too nefarious. POET recently initiated some marketing efforts and one seems to be connecting with a popular YouTube tech/trading channel. A video was posted yesterday and had a few mins on POET. Actually was a good clip. 300k followers.

What is suspect is that the insane volume today only pushed the price up 20%. Tons of traders in and out all day I think. Probably some fundraising via the ATM, too. Well…hopefully…because POET’s working capital is estimated to go negative within a few weeks.

[XenaLives]

A chart like this can not exist without abusive manipulation and exploitation of non public information...

... IMO of course..

[Monksdream]

Someone is manipulating the price discovery

[gladeshawk]

A runup to about $3 area would form a very nice cup/bowl. Just saying. HAWK

[KCCO7913]

Agreed. They need $10 million ASAP and at least another $10 million raised by the end of the year. That’s bare minimum just to get them to the start of real production of modules towards the end of 2025.

[mackwheaton]

If the CFO has any strategic sense, they NR tomorrow morning a financing strategy that takes them well into 2025.

If only…

[KCCO7913]

Haha convenient.

A paid pump and dump.

[Xrouter]

💩

[maheu86]

Just need a 300-400% day....lol

[mackwheaton]

Any bets on who’s selling (hint At The Moment)?

[KCCO7913]

Major selling going on. This kind of volume should push more than 25%.

[Monksdream]

This company advertised like hell on Investors Hub for months
That’s a lot SG&A down the drain in order to create interest

[maheu86]

I will GLADLY welcome a pump and dump to get out of here with some of my investment back 😂

[KCCO7913]

Good explanation of what the company does. Looks like their new marketing contract is paying off.

Poor souls buying today don’t understand the company is insolvent in about 4 weeks lol.

Not trying to be rude but this is going to be a major pump and dump. Just beware. That video is for traders, not investors.

[Monksdream]

POET

[mackwheaton]

At 6:25, a nice summary of POET by an MIT EE with 300k followers that knows how to talk to investors.

[Xrouter]

💩💩💩🚽🚽

[prototype_101]

Vivek stepping down to Advisory role is NOT good news, it just doesn't smell right, he had been left out of the Options grants, if it were health reasons they should have said so, just doesn't pass the smell test to me

[Xrouter]

😁💩

[KCCO7913]

Hey dear leader, FJ...

How about you do a proper comparison and include SV's options, too.

Salaries across the board are higher at POET.

Also - the 2021 bonuses were well earned considering during the year management's actions took the company from a ~$100 million valuation to nearly a $2 billion valuation. A proper NASDAQ uplist.

[allwillbewave]

Enjoy that scotch!! It’s real! All that matters!

This other dreaming of winning it big on penny tech stocks was always a very long shot.

There is nothing Poet has that others are not doing just a different method. Whatever Poet says they have not signed up the big transceiver OEMs. Ok Adtran, Luxshare and a couple of tier 2
Players. No more interest in their light bar products.

Sorry not much hope Jmo.

[Neophyte2]

They moved last years AGM to avoid what would have been, I'm quite sure, an avalanche of retail investors voting for change after the disastrous financings.

Fool me once, shame on you.
Fool me twice, shame on me.

[Cytotech55]

Oh, but the argument would be “well, they put their own money into the last raise”!!!
Hey, who wouldn’t spend $100,000 to ensure another year of their bloated salaries?

[Xrouter]

When you gonna realize that THEY don’t GAF about you or us. All they care about is their paycheck they get for doing nothing. And you can take that to the bank.

[KCCO7913]

Virtual shareholder meeting.

What a disappointment.

Absolute morons.

The best thing they could do right now for the rightfully disgruntled shareholders is offer the opportunity to get together, be given the chance to ask questions, and ideally build some camaraderie.

This week’s presentation was supposed to offer a Q&A but they didn’t take any online questions!

WEAK cowards.

Allwillbewave…picked up a Glenmorangie 15 Cadboll Estate Limited Release today. Aged in bourbon casks and partially aged in Spanish sherry casks. Oh myyyy delicious.

[KCCO7913]

My guess is the rabbit will be selling 20% of the SPX stake, bringing total ownership to 50%, for an amount between $5 and $10 million. If I had to guess further, the PR won’t state the % decrease and you’ll have to wait for the subsequent Q report to show.

Doesn’t totally fix their money issues but at least buys them enough cash to towards the end of the year.

Side note…one thing I’ve never seen anyone mention about the SPX JV is that their facility is “temporary” and 5,000 square feet. That’s obviously not enough space for a full production line. If I was Sanan and really wanted to squeeze out POET, it would be easy to do when upgrading to permanent space. Someone should ask management about those plans and potential disruptions to manufacturing.

[yoojoonyoong]

They must be getting close to Negative Working capital position..
I'm hoping that Suresh will be able to pull out a rabitt out of the hat and avoid bankruptcy,but things don't look very promising to me.

[Oleblue]

Talking it up now......maybe some hope down the road:
Starts at 1:24

Stock not looking too good:



A bottom was set in December and OBV has moved up slightly.

[allwillbewave]

I said it before they are done.

They misssd the window. All the foundries have solutions.

Sorry to say but they are now a salary scam for management and the employees.

It’s fulfilled the CEO’s dream but it’s a complete failure for retail investors.

The can is definitely kicked down the road again.

The bar is open 😂

[Xrouter]

Please. Please shut the lights out on your way out! And watch out the door don’t slam you on your ass. POET is dead and if they sell a piece or all of their interest , the money will be used to pay their salaries and allow them to spread more BS to us shareholders. Please Please let me sell at $3 and move on. But now I’ll settle for a loss and leave at $2.

[KCCO7913]

The presentation was fine. I never really expect much from presentations like these. Normally just tiny nuggets of info.

I thought SV’s comments were a bit odd about 1.6T since they didn’t even have a 1.6T module at OFC. Their 800G won’t start shipping until late 2025 (at the earliest I’d guess).

Money is still a major concern, but sounds like they’re going to get the bulk of their cash needs in the next few months from selling a piece of the SPX JV. They mentioned licensing but I’m not sure that would be a meaningful amount of money up front to relieve cash concerns and who would that be with anyway? Best case would be a North American foundry (unlikely IMO).

I thought it was funny they laid out revenue scenarios but then there was an “*” and it said these did not reflect managements estimates or projections. In any case with those figures, maybe $10-20 million in revenue in the next couple years. Meanwhile billions of dollars worth of 800G+ transceivers will be sold by the other players. Clearly the industry is able to ramp production without POET despite what others claim ‘over there’. POET’s value proposition at this point is making it cheaper and easier. Easier…I believe. Cheaper…I think other methods are going to hit the mark.

POET desperately needs non-China customers for 800G+. SPX gets all the revenue from 400G engine sales for China territories. 800G/1.6T is comprised of 400G engines.

Besides a quick comment about being designed into CAI, I was surprised they didn’t discuss the light source business. To me, I think that confirms the timeline delay from CAI pushing out volume shipments to 2027.

I do believe in the value of this technology, however the investment value is the problem I see here. And management decisions ruined that. I just can’t believe Suresh is OK keeping Mika around. Also whoever structured the SPX deal should never be allowed to negotiate another deal either.

A module maker is worth about 3x revenue per the recent Lumentum/Cloud Light deal. In a couple years it’s likely the fully diluted share count will be approaching 100 million shares I’d guess.

Could this still be a 10x in the next 5 years? Yes, if they can finally execute to the plan with no more delays, bad deals, or surprises. Unfortunately for most current shareholders a 10x from here is really only a 2-3x on their investment. When you factor in time, that’s a horrible investment.

[Xrouter]

Unfortunately, you first gotta get those hands out of our pockets

[Cytotech55]

FJ states “Suresh could count the number of 1.6T module makers who presented at OFC on one hand”…. That’s cute, however, he can also count the amount of dollar bills POET currently has on ONE HAND as well..!! Sad

[Cytotech55]

I wonder if the share price will go up now that the eclipse is over?

[Monksdream]

Advertises like hell on Investors Hub

[Neophyte2]

How is it that Enablence who is operating in a similar area to Poet and has a market cap of $15 million can get $9 million in loans since December and Poet is… well, I don’t know how to describe it.

[Xrouter]

Reading up on an otherwise boring day, all or most people on all the boards are coming to the conclusion that Poet is at the end of their run and are grasping at straws to pay their employees bloated salaries. I get that same feeling but, when all is gloom and doom, I become a buyer and yesterday I bought a huge bunch around $1.20 per share. Let’s see how that works out for me. Holding a lot @ .12 pre split but not more than I can afford to lose. GLA and have a great weekend. Strik

[KCCO7913]

I hope everything is OK with you and your health.

I deleted my post from last night. There was a bit too much fire in it. Everything I said was true. I know the pictures were seen by those who wanted them.

[allwillbewave]

KCC,

Enjoy the scotch!

I sold 90% of my shares at the end of last August due to a serious health issue.

I’ll keep the rest for my grandson.

Live each day large !!