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The only thing scarier than the possibility that they don’t have a clue how to promote their financing is the possibility that they know exactly what they are doing. Publishing non news as news (with no $$ attached), how did they expect the share price action to react?
A short poll.
Please answer the following question with a simple “better”, “worse” or “no different”.
How would you view your current or future investment in POET if management announced that it planned changes in the structure of its executive team and Board of Directors?
If you respond here, please do not reply to this question if it appears on other forums. Results will be compiled no later than January 3rd.
Thanks, enjoy the holidays.
Keep us posted, thanks.
Great, tell your friend to tell his friend to make it go viral.
Always looked at CAI relationship as POET being an external light source, not concerned about the rest of the hardware. I mean, we don’t question why POET isn’t inside the products to which the transceivers will connect. Maybe there is an opportunity beyond the light source, maybe not. May be many other potential applications to expand into.
What I do agree 100% on is time erosion of technological advantage. That’s irrefutable, and moving from early 2020s to mid 2020s is not a good thing.
Happy Thanksgiving!
Don’t know if this clouds or clarifies the discussion:
Starlight is the light source (finished module) that powers the first generation of Celestial’s AI’s Photonic Fabric. Expect that Celestial AI will deliver a finished product that already incorporates Starlight as a component.
Link to source of previous message.
https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/796280-starlight-is-external-to-an-asic/messages/2399463#message
Enjoy the rest of the day.
JJ,
It might be funny if it wasn’t possibly the truth.
And I’d venture that a sizable number of those doing the chastising were busy trading themselves.
I’d love to remove my pinned post, it’s now badly outdated and potentially misleading. I’ve tried, if any mods here have the wherewithal, please advise or feel free to take it down.
The irony to me, as so many POET shareholders denigrate LWLG’s progress, I firmly believe if they were in POET’s shoes and needed the cash for production, Lebby could get the cash needed with a snap of his fingers, and the share price would probably multiply in the process. Industry cred.
Nope, given how they have moved the goalposts, I’m already in the “fool me twice” + crowd. Barring drastic organizational changes-communication, personnel and culture I’m out of the fan club.Now it’s hard numbers or nothing, talk is expensive.
No words for this one.
But hey, tomorrow is CFU Mika’s 7th anniversary with the company. The opening share price was $2.30 on November 2, 2016. Tonight, albeit after hours, and 45 minutes or so before the announcement of this offering, the share price was dropped 12.5% to $2.38. One penny of share price appreciation for each year, and one for your thoughts. You don’t want mine.
Much appreciated. At this point this might be a preferable solution given POET being taken to the cleaners in the past.
Thanks KCCO,
Question for you. I recall LWLG using Lincoln Park(?) for years under an agreement where they funded them in exchange for shares at market. Is that correct? Other than the requisite dilution, what were the negatives? It certainly paid off for LP when LWLG blew the top off, a lot of those shares were bought sub $1 I believe.
The CEO must speak now. Shareholders have felt uninformed for months as the share price has fallen steadily, and he has done nothing to alleviate the uncertainty. This is not responsible leadership.
Candor matters. What is progressing as planned, what is taking longer and why? Time erodes advantage, silence breeds doubt.
Time to address communication challenges as readily as technological ones.
AWBW said “How can a start up like Celestial AI raise so much money based on a concept that has no customers right now yet not take considerable positions in Poet a co design partner on the external light source?”
Great question, let me paraphrase for another question, “How can a start up like Celestial AI raise so much money based on a concept that has no customers right now, while POET, with a proven technology, scrapes and scrounges for investment pennies with no ability to attract interest whatsoever from the broader Nasdaq market?”
In answer to your question, Lazovsky and company have done a fantastic job of conveying the value of their technology to the biggest and best investor groups. POET’s CEO shuns investor engagement in favor of invention, leaving those responsibilities to a CFO who doesn’t seem to possess the ability to convey the value that POET represents, or is outright disregarded by the investor community.
Great news for new investors as they can get into a commercializing technology at at pre-development prices, but a ****show for long term investors who have not seen anything approaching a decent return in the past 8+ years, and now see potential for a long spell of capital raising at depressed share prices, further diluting and delaying their return on investment.
Just a guess, but I’d bet a buck that the $30 million ATM deal with Craig Hallum was finalized the week of June 12, with the closing roughly 2 weeks later. So we rose to a high of $5.45 on June 13th, at $4.77 on June 29, the day the ATM was announced, falling from that day to where we now sit around $3.10, a neat 43% haircut for the finance partner to capitalize on and another rally cut off at the knees for shareholders, and no one wants to touch POET with a 10 foot pole, except maybe some ATM buyers. Brilliant job to all who approved and executed this decision.
Question for the company:
What do we, as shareholders, have to look forward to?
Questions for shareholders:
Prior to the next AGM,
1. What share price would it take for you to be satisfied with the company’s progress?
2. What share price would it take for you to give the company (the entire BoD, CEO, CFO) a vote of no confidence?
As investors, we have gone through years of anticipating, largely based on the information we are provided by the company, that next year is going to be “our year”. But we are still here and we continue to believe they will succeed.
The questions are asked to force us to give thought to attaching some accountability to our expectations, not just for the company, but for ourselves as responsible shareholders. There are no right or wrong answers, but the only answers I am interested in are numbers. No, “if this” or “but that”. No judgment.
For me it’s 1. $10 USD and 2. $6 USD.
We can revisit this after the next AGM is announced.
I would ask the company directly, but I doubt they would answer me.
Texbanker, your concern regarding the language is noted, “demand” has been changed to “request”. Thanks for your feedback.
Seeker, the letter will be sent to the company with the list of signatories. It represents all of those signatories and not a single group. Anyone shareholder who wants to sign on may do so.
The intent is to obtain a valid explanation for opening an offering only to have to suspend it a mere 5 weeks later, and to eliminate speculation for this occurring. The prospect of re-upping another offering under similar conditions, given the share price reaction to the initial ATM, is not promising unless substantial events change the investment environment.
As for the suggestion to step away seeker, certain actions by the company deserve scrutiny rather than cheerleaders.
Letter to company from shareholders
Attention: Board of Directors, Executive Management Team
Re: ATM Offering Fallout: POET Technologies’ Shareholders Demand Accountability
June 29, 2023: The ATM
POET Technologies established an "at-the-market" (ATM) offering program in Canada and the United States.The ATM program permitted POET to issue and sell common shares up to a value of US $30 million at its discretion. The program, facilitated by Craig-Hallum Capital Group LLC and Cormark Securities Inc, operated through the TX Venture Exchange and Nasdaq Capital Market.
The stock opened that day at $4.86 USD. Since then, the share price has plummeted 17.7%, lingering around $4.
August 11: The Announcement of the ATM Suspension:
The program came to an abrupt halt on August 5, 2023, as the expiration of the Company's Canadian short form base shelf prospectus and SEC F-10 registration statement forced the suspension of the ATM program. Was this a lack of foresight regarding the expiration, or is there some plausible, but not communicated, explanation?
Shareholders are entitled to answers from the company's management regarding this unexpected turn of events.
A Second Attempted ATM Offering? :
POET filed a shelf registration statement on August 9, 2023, with the United States Securities and Exchange Commission. This Form F-3 filing, yet to be approved, aims to provide the company with the flexibility to raise further capital through securities sales outside of Canada. The filing may also support the reintroduction of the ATM program on Nasdaq Capital Market.
The performance of the stock since the initial ATM offering casts doubt on the prospects of a successful second attempt, and, based on the demonstrated market reaction to the initial ATM offering, shareholders are apprehensive about the potential repercussions on both share price performance and investor confidence that a re-issuance may trigger, particularly in the absence of substantive news or progress to trigger investor interest.
Has the company developed a strategy to increase investor interest prior to considering a new ATM offering?
An Explanation Is Needed
With a financial team that includes an Executive Vice President & CFO, a Vice President of Finance and Administration/Corporate Controller and Treasurer, and experienced venture capitalists and chartered accountants on the Board of Directors, POET Technologies management must provide a clear explanation of what transpired, and why the termination of this 5-week-old ATM offering was not foreseen. Shareholders expect transparency regarding the events surrounding the shelf prospectus's expiration and the subsequent suspension of the ATM program. Timely clarification is essential to mitigate adverse effects on investor confidence and shareholder value
Additionally, the undersigned shareholders urge the company not to pursue reopening the ATM offering until significant news can generate increased interest and value. Effectively timed with substantive news, such an offering has the potential to act as a mini IPO that can build broader investor interest.
This could be achieved through substantial revenue generation from orders, forging partnerships with renowned industry leaders, or making waves in the market through events like the CAI IPO. The reissuance of the ATM should coincide with a share price reflecting the technology's true worth, rather than feeding shorting interests and stagnating the stock.
Conversely, as has been witnessed in the timing of the NASDAQ listing and the initial ATM, failure to support such actions via a coherent promotional strategy and substantive news, can result in an environment ripe for exploitation via short selling and downside manipulation due to a lack of broader and more stable investor interest. The potential for further deterioration of share price due to a re-release of a once-cancelled offering is simply unacceptable.
Moving forward, the company must better leverage its innovative technology to achieve a market capitalization reflective of its value. Greater visibility of business relationships and disclosure of future prospects will not only enhance POET Technologies' reputation but also support its growth and attract new investors.
To reiterate:
Regarding the ATM expiration, why was this allowed to occur, was this a lack of foresight regarding the expiration, or is there some plausible, but not communicated, explanation?
Has the company developed a strategy to increase investor interest prior to considering a new ATM offering?
What corrective measures are being instituted, inclusive of accountability and an Audit Committee review, to ensure proper fiduciary principals are being consistently and correctly administered?
In Conclusion:
The undersigned shareholders demand accountability for the shortcomings surrounding POET Technologies' ATM offering. Silence on the matter is not an option, as it only results in further damage to shareholder trust.
Respectfully submitted,
(Shareholders)
CC: Marcum and Associates
City Place
185 Asylum St.
25th Floor
Hartford, CT 06103
There remains unfinished business. The ATM was open barely 5 weeks before it was forced to be closed due the shelf expiry. Potential repercussions to shareholders have not been addressed, questions why this occurred left unanswered. Burying this in a late Friday release of 2q results is not acceptable, and based on the share price performance over the weeks since, the prospect of another “new” ATM offering does not seem optimal for existing shareholders.
I am drafting a letter to the company, on behalf of interested shareholders, requesting an explanation for what occurred and their plans to address this and future such offerings. I will post the letter to various forums later today or tomorrow, and will forward it to the company and its auditors later this week. The company must provide further color to explain why this happened and, if warranted, corrective measures being taken to eliminate such incidents in the future.
I will invite any shareholders who are interested to sign on, shareholder full name only, no holdings or other personal information please.
If the company addresses these concerns, fully and in good faith in the interim, all the better. But I believe the letter should serve as an on the record account of our concerns.
I got clarification from the company today, POET is supplying light sources for CAI’s first generation and it will be a component to the Photonic Fabric. Some of you well versed in the tech may have known, but I was uncertain of what this licensing strategy meant, but my suspicions that the Photonic Fabric might not include POET were incorrect. This response relieves concerns I had about the nature of the Photonic Fabric vs, Orion.
I believe they will provide more color to this in the near future.
Wow, a 430k block on the ask (Canada), anyone here unloading?
Email to POET execs and Board IR representative:
I sent this to the above group and am sharing so other investors are aware that these questions have been asked.
Good morning gentlemen:
Here are questions vetted among investors for your response at the upcoming annual meeting.
1. Please explain what strategy is being employed to attract institutional investors and why you believe it will be effective?
2. When will investors see more details on customer engagement as well as a product roadmap that includes key metrics such as revenue projections, timeframes and anticipated profit margins for those products? ?
3. How does the company plan to fund itself for the next 6-12 months while ramping into production, and when are revenues from sales anticipated to be sufficient to support ongoing operations??
These questions afford the company the opportunity to provide information typically available to investors in a public company. As well, investors will gain insight into the strategy to address, create and sustain a valuation that has yet to be realized in spite of the technological potential POET represents.
Thank you and we look forward to seeing these questions addressed.
Great info allwillbewave, if not rapidly becoming the dominant force in AI Nvidia is certainly promoting themselves effectively as such.The most important line to me in your post was “companies in Israel will have access to a supercomputer they don't have today.”
Access is both physical and economic; I don’t know how supercomputers are defined, back in the stoned ages, supercomputer was Cray, very expensive and very limited supply.
POET products compact size, the ability to be produced en masse, and at such reduced cost compared to most current technology gives access to speed of light that hasn’t existed before. When it finally becomes recognized by the market, the share price could shock all of us.
Posted across multiple forums to increase our knowledge and awareness of POET/CAI relationship
I hope you will consider this an open and ongoing discussion, please feel free to comment/ reply with questions, thoughts, evidence, and informed speculation regarding Celestial AI’s potential relationships and what fits, what does not. The goal is to better inform all of us on the relationship.
First and foremost,
- CAI business is POET business. POET Starlight light source is a vital hardware component in every CAI Orion accelerator product, and is expected to generate hundreds of millions of dollars in revenue for POET, according to Lisa Thompson, Senior Technology Analyst, Zacks Research.
The lack of follow through interest in the POET/Celestial AI connection is surprising, but understandable; there is very little information available on CAI, but the significance of this relationship cannot be overstated. What do we know, what can we learn?
A quick summary of CAI here:
https://www.celestial.ai/about
CAI has an “A-list” of investors
These companies/funds invested in the first $56 million financing:
Koch Disruptive Technologies Fund
Temasek’s Xora Innovation Fund
The Engine, the venture firm spun out of MIT
Tyche Partners
M-Ventures, Merck’s corporate venture fund
IMEC’s X-Pand
Fitz Gate, venture capital investor in the Princeton University ecosystem
Dig into them, they are top notch organizations. Common thread is their focus on disruptive technologies.
Second round - $96 million, unearthed in April
Private companies have virtually free rein in providing information to their investors. Consider the information CAI has provided to their investors that has motivated them to invest up to $152 million.
The Technology
Celestial AI’s technology enables optically addressable memory and compute (within chip and chip-to-chip) that decouples their technology from the limitations of electronics and slowdown of Moore’s Law. Their proprietary hardware and software architecture enables elegant, low-complexity system software, allowing highly efficient mapping of data and compute without the need for complex optimizations.
CAI has emphasized cost and volume as key advantages. Starlight’s wafer scale manufacturing and 75% cost reduction versus competing solutions appear to provide huge competitive advantages.
Under the Hood
The CAI software controls the race car, and while it is clearly the star, POET Starlight is integral to the power under the hood that pushes the data and enables the elegance of the software to shine through.
Key Personnel
This a link to key personnel, not only to members of CAI’s team, but also to their many advisors.
https://www.celestial.ai/team
Any relationships/associations with potential clients, other suppliers? Note Vivek Rajgharia, President, POET among them.
A whale, a school of fish, or ?
Celestial AI’s mission is to fundamentally transform the way computing is done with their proprietary Photonic Fabric™ technology that uses light for data movement both within chip and between chips.
The size of the follow up financing seems to suggest that there is a major player on the other end of the line.
Meta, Microsoft, Amazon, Apple, Google, or ???
Meta seems to be on a solo journey with the MTIA chip, but the processing element has a fabric interface, pictured in this article:
https://www.zdnet.com/article/meta-unveils-first-custom-artificial-intelligence-chip/
Google is following OpenAI and going dark.
Amazon is working with Nvidia on generative AI infrastructure.
Apple seems focused on application specificity in healthcare with the recent announcement of Quartz.
Microsoft is software centric, but does CAI fill a role for them?
Or are we looking in the wrong place? Could it be Intel, Nvidia, Broadcom, a world class chipmaker that has a major customer in waiting? Is the obvious possibility (the ever present Broadcom) the answer?
The Timing
While all things AI seem to be moving toward the speed of light, we know POET‘s Starlight solution for CAI is expected to finish qualification by end of this year, with production at the end of 2024. This seems comparable to, or faster than, the timing for many solutions of 2025-2026 and beyond.
The bottom line remains, every processor that utilizes CAI’s accelerator technology will have POET Starlight inside, it must be produced in high volume, and their investors agree that POET has the answer.
My CAI forecast for POET - 7 digit revenues in 2023, 8 digit revenues in 2024, and 9 digit revenues in 2025.
Questions
The AI hardware market is disaggregated, dominant players yet to emerge. POET’s development of the highly scalable, low cost light source represents a huge market opportunity. Who else does it fit?
The light source market alone is worth billions of dollars, who benefits most from owning POET?
Is Ayar Labs a competitor or a potential client?
How does CAI’s end game, (fabless, manufacturer, buy out, etc) affect POET?
Is CAI driving their stealth mode, or their presumably huge client ?
Does POET qualification of Starlight accelerate availability of light sources for other potential clients?
Who else is involved or might be ? Broadcom, TSMC, others? Evidence or bread crumbs?
What technical/IP pathways between major players (suppliers to end users) seem to coincide?
Final comment: there are at least dozens of companies wanting a piece of the AI chip business. Most will need cost and power efficient light sources to compete. POET seems to have a leading edge solution.
Per Suresh Venkatesan, POET CEO,
“At the end of the day, there are going to be many other ways where people can get to the end solution but we are clearly in the pole position in terms of having an integration capability that works in that space. Our desire and our vision is totally to capture that position to solidify our lead in that space in terms of providing integrated light source solutions for their AI market. So, it transforms us from being kind of a datacom company to more of an AI player, which is like a step function in terms of kind of potential revenue and potential volumes as well.”
Posting/ linking this across several platforms and will attempt to assimilate any productive input that increases our knowledge or provokes further thought/investigation. Feel free to share.
https://www.reddit.com/r/POETTechnologiesInc/comments/13qlhhv/poetcelestial_ai_an_open_source_exercise/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
Well said breeze, “ That’s the problem on those chat board, few people are able to see the true implication of a financing.” These private financiers have been saints compared to the institutional sharks POET ill-advisedly dealt with in the past.
As a long time investor, I am also aware of the consequences of not having the financing. It’s pretty absurd to criticize those who were able, and chose to participate to keep the company moving forward. The “payoffs” for participation are commensurate with the risks undertaken, as determined by the lending markets. Just ask those participants whose warrants expired worthless and their investments remain under water.
Many here placed faith in a dream. That dream slowly turned into possibilities, then probabilities, now we are in the first small stages of reality. Meanwhile, the possibilities have become enormous. We are almost there, these financings have enabled the company to reach for the stars, and it’s becoming more apparent that they can reach them. And if POET wins even a tiny portion of the AI market via CAI, our returns will be measureable in 4 digit percentage gains.
100% Lab Man. Lots of resources and effort put into transceivers and ultimately, I don’t think it gets highly rewarded until 800G/1.6T are realized, because the industry will be forced to accept it.
I’m guessing POET needed CAI for that first proof for the AI market, which is why it appears they are just beginning to work with others. A second name popping up would greatly increase legitimacy and get the ball rolling.
Suresh going all in on AI makes sense, wonder how long that’s been a plan. Count me in!
1) no incumbent technologies to displace
2) OI platform perfect for customizing for individual clients
3) likely far more potential for NRE than from transceiver markets, greater urgency to adopt, and no legacy products to tide customers over
4) humongous opportunity to become the premier supply source
5) development is iterative; first products are foundational and complexity/features can evolve
6) FAR greater potential ($billions) than transceivers; greater margins, more units, more $ per unit
7) first generation already in the can
8) AI - extremely high investor appeal
Now can we please get above $5 and start mentioning revenue potentials in these videos?
AI newsletter, good daily info, excellent info on who is doing what.
https://www.neonpulse.ai/?utm_source=neonpulse.beehiiv.com&utm_medium=newsletter
Investing in AI now
Private equity firms have all of the fun. First, the internet boom, then the birth of social media, now AI. They always get there first, while the rest of us wait in line behind the ropes for the grand opening of an IPO, and hope for the best from the scraps we are left. But we may not have to wait after all.
Take Celestial AI, a private company, who on April 11 topped off an initial $56 million capital raise from private investors like Koch Disruptive Technologies,
https://www.businesswire.com/news/home/20220204005002/en/Celestial-AI-Raises-56-Million-Series-A-to-Disrupt-the-Artificial-Intelligence-Chipset-Industry-with-Novel-Photonic-Electronic-Technology-Platform
with this fresh off the presses $95 million infusion:
http://edgar.secdatabase.com/1759/156761923005625/filing-main.htm
(See Section 13 Offering and Sales Amounts)
CAI’s AI chipset’s photonic-electronic platform uses light to drive data within and between chips. This recent capital raise indicates that It is poised to become a multi-billion dollar leader in what will be a trillion dollar AI market. But you can’t invest directly in CAI unless you are already a multi-millionaire.
Enter POET Technologies (NASDAQ:POET), which has been quietly engaged with CAI to develop this critical external light source for their extraordinary photonics driven chipset. On April 25, POET announced this purchase order from CAI:
https://www.semiconductor-digest.com/poet-technologies-introduces-poet-starlight-for-the-artificial-intelligence-market/
“Starlight”, a multi laser array, based on POET’s LightBar platform, is mass produced at chip scale at a 75% reduction in cost to competing technologies, with superior performance in signal loss and power consumption. It is a critical hardware component necessary to drive this CAI chipset.
Per the recent Zacks report below, completed in part with data supplied by POET, each CAI chipset will have 4 POET chips, at a cost of $200 per chip. Per the report, “Celestial could represent $800 million in revenue by itself.” Also notable from the report, “We believe most if not everything Celestial is planning to sell contains POET”.
https://s27.q4cdn.com/906368049/files/News/2023/Zacks_SCR_Research_04102023_POET_Thompson.pdf
POET represents a perfect proxy for early entry into what will be the explosive AI growth to come. While CAI is POET’s first announced AI customer, others are already engaged.
POET’s technology platform is already commercialized in the data/com sector with 100/200/400G products released to production, and proven 800G/1.6T products coming later this year.
POET is mired at an eye-blinking $150 million market cap and a share price of $3.70. It is de-risked, debt free, incredibly undervalued, thinly traded and tightly held, all the while poised to explode as further AI engagements and unmatched data products to 1.6T and beyond emerge over the near and intermediate term. Institutional investment is largely inhibited by the sub $5 share price. When that barrier is removed, expect an influx of institutional interest with the recognition that POET technology has moved from potential to commercialized reality.
Also posted here, if you like it, like it, help move the message, feel free to share.
https://www.reddit.com/r/PennyStocksDD/comments/130ky2b/an_ai_investment_in_waiting/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
Timing doesn’t surprise me for production in 2H24, the lack of details on $$$ is the missing piece. This is a huge market and a key component.
But, these things stood out, 1) there is a purchase order, probably for initial set of samples? 2) per the video, Kankipati refers to customers, so, more than just Celestial, 3) a busy day of content today. Let’s see what comes!
So far, maybe more details today, it might be a wake up within the AI hardware community, but it was known to be coming by them. Investors could look at this as an early entry opportunity into the AI space via a publicly held company, one of very few with commercially available product. The sub $150 million market cap is absurd.
POET is messaging, “AI is everything”. From the link below, “The hardware is estimated to be the fastest-growing segment during the forecast period.” When POET announces it first light source AI contract, and it will, soon, ?? in SP. Enjoy.
https://www.precedenceresearch.com/artificial-intelligence-market
A good valuation of tweets here.
https://influencermarketinghub.com/twitter-money-calculator/
Insert “POETtech” to see the value is roughly $10-$17 per tweet, however this is likely amplified by retweets by the sister account P_O_E_Tstar, but Seeker that’s you, so…
Anyway, let’s get the AI news out there already, next batch of warrants expire very, very soon and cash is always needed.
All of these boards have one thing in common, they are rife with finger pointing.
It doesn’t take a lot to get to the heart of the problem; until there is news that names names and/or addresses revenues, POET remains an obscure Canadian company. It lacks a recognizable name or contract to create broader interest. The company IR efforts have had no impact on bridging this interest gap, and hiring North Equities, Agoracom, Market Herald/Stockhouse and a part time blogger to tease-tweet/retweet news are half measures at best. Long time investors are tapped and/or tired of waiting.
News with names and dollars will wash away the obscurity and disinterest, until then…..?
Zacks latest report, valuation $14.50.
https://s27.q4cdn.com/906368049/files/News/2023/Zacks_SCR_Research_04102023_POET_Thompson.pdf
The 10:1 split has done a great job of grooming expectations, lots of long time investors willing to walk away at a $1 or $2 pre split share price. I don’t see much downside from here (famous last words) but we are still waiting for validation that anything above $2 pre split, $20 post, will become a reality.
Great reminders AWBW and Telling
I’ve used the term clock suckers, maybe too many times taken as derogatory, but being the slow learner I am at times, it’s finally dawned on me that, at least since 2016, the company has known this was going to be a long, slow process, and they had to play us along with the perpetual dangle of great things just out of reach. It finally took hold of me with what I believe was the misuse of the term “production” in product roadmaps
But it may also have been their key to survival, if they had told us 7 years ago or so that we were 8 or 9 years away, who would have stayed and how would they have survived?
Maybe we do have to look past all of that now, but it’s up to the company to provide the opportunity for investors to do so. How?
If POET’s technology is good enough, unique enough, durable enough and close enough to sustain a generation of success, they need put out a realistic product revenue roadmap now for everything they WILL do over the next 3 years or so, and include revenue estimates even if they are minimal initially. The investment community is trained to extract value from credible numbers as well as doing their own (hint: not 4 segments, each of which has potential of $250 million+, that reeks of overhyping.)
Give the investment community real numbers and let the chips fall where they may, a good portion of projected revenues are now tied to actual known customers, that’s the kind of credibility that was missing from past attempts. The markets will respond.
Very nice timing there, Telling.
Been almost entirely below $5 per share since July. Not only discourages new investment, causes some tutes to sell what they already have.