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THey are too busy working.
I personally don't think SPX is the big meatball, more like a spoonful of sauce.. Bigger fish are waiting to be fried.
Info may come from another party or THE other party or parties. Don't kid yourself thinking everything is airtight.
I don't have the link but I'm almost certain that CAI and POET announced that it was
Well SPX isn't going to have anything to sell to recoup its investment if POET goes down the tubes, so more stuff that makes no sense whatsoever.
The only takeaway from the letter:
"we continue to discuss financing alternatives with investors and with partners who share our vision and exhibit confidence in the value of our technology and our technical achievements. Multiple potential avenues to financing remain, and we will continue exploring each of them in parallel over the next few months."
The rest is a rehash and can kick. No progress.
Still looking for money.
Simply mind boggling at this point.
Plan B has to include a large investor taking a stake. Someone like Samsung, Intel, Cisco, etc, or a large investment fund or both, similar to what CAI got. There is no way to continue long enough on just projected organically generated cash flow.
That announcement would be so positive that the SP responds and more stock could be sold higher under the atm, gaining more liquid capital.
Or that alone, a powerful news release outside of a large investor taking a stake.
.Dilution but salvation.
securing institutional investors capable of leading other firms to provide the needed capital to continue the Company’s operations through early 2025.”
Who are they referring to? Is there a list of these types of institutional investors for any clues? How does a company go about "securing" institutional investors? What firms would be led by such an Investor? A Goldman Sacs? GS then would lead some smaller firms to buy poet? Make it make sense.
So where are their patents on this? They just drummed one up overnight?
Stockholders would have to approve being taken over by SPX.
There must be another source of funding being worked on other than this stock/warrant/LIFE offering freak. Over two weeks and nothing appears to be happening there. Just a few weeks of cash left and then paychecks bounce. Need good news management.
Reading today that SPX is adding 11 positions. More information leading to more questions than answers.
Its sad to see all this activity between companies (big names) trying to develop what POET already has and they are for the most part being ignored. 100's of million are being raised to develop this technology by private startups . POET has done it! What are we missing here? Are they unwilling to give little canadian backwater POET the prize (the royalties) and want to develop something similar for themselves that they can control?
Well its Friday, the new favorite day for POET to release news. 🙄
This comment is totally baseless and runs counter to the actions and progress the company has made.
Should be some sales this quarter then.
The company also suffers from a lot of online negativity that comes out in force after every company announcement. Most all of their decisions are intensely overanalyzed and severely criticized by a group that numbers maybe a dozen at most. They are on every POET chat board. You can tell who is who. Some even use the same screen names. The negativity acts as a force field to keep new investors out. No new investors means no volume. Cui bono?
To take your worst case theory to its conclusion, lets ask where are POET's stockholders in a liquidation scenario. All along I have looked to the patent portfolio as collateral, so to speak, against my share holdings. At worst, the portfolio could be sold. Does anyone know what that is worth? My wild guess has always been around $500M. So that's around $10 US/sh. There is no debt or preferred stockholders, so all liquidation proceeds should go to common shareholders.
Almost like they want people to dump shares.
I don't know, but something needs to happen to reverse this eternal price drop.
I would not take it as a negative if he didn't . How many manufacturers mention their particular suppliers in general industry presentations? Few to none. That said, without the POET light source, the fabric doesn't work.
I'll take a stab at this. CAI is a private company. The investment is private so that the share can be obtained at a set price that won't move the market. There are no restrictions or reporting requirements. These early investors can get a significant share of equity with their stake and cash out when CAI goes public.
POET has done a few private placements in the past and has raised a significant sum too. Look at the shareholders equity on the balance sheet to see how much has been invested from outside. They have burned through it. $203MM. Its been spent, but look what they have to show for it: A world class platform in the process of mass production. Plus a Semi manufacturer that is now providing additional millions in CAPEX (Sanan) and another JV that is in the works. So they have both raised money, just took different roads.
When I heard Fidelity was looking for POET shares I immediately thought FTD. Finally had a chance to research and did find poet on the FTD list in August. Small amount though, but where there's smoke there is usually fire.
https://catalog.data.gov/dataset/fails-to-deliver-data/resource/1dc240d5-7e8c-4551-9e33-eecf5aaf1298
I disagree. Read the NR again, closely and keep in mind SPX is independent of POET. Only Suresh sits on the board representing them, while Sanan has the other 4 spots. Sanan is putting up all the money in this JV. They are the ones deciding on this capital investment. I doubt seriously that a company of their caliber is going to announce a capex for necessary future demand and just throw money away. There are valid criticisms of POET and there are fluff NR's by them, but, imo, this is not one of them.
I don't place much importance on AH trades in POET. Not enough volume. $15K in trades. Probably some retail holder panicking.
I'm no patent portfolio appraiser but 8 CAD seems way too low. Even fire sale value on this patent portfolio has to be at least 400 million USD.. So a deal could reasonably be struck for $14 CAD. But, if they wait until they are out of funds, that will be taken advantage of by a prospective buyer, so its possible. They need to get moving on a partner or a buy out, times running out.
My main issue at this point is the valuation of 120 million. The market honestly believes then that POET and its patent portfolio of cutting edge optical products is worth this much? So the market says to us that A patented, disruptive optical platform in a quarter billion dollar market projected to be half a trillion in 5 years is worth less than a small regional bank. This is the valuation? There is a huge unexplained disconnect going on right now with this company.
Exactly, why no announcement like for the lightbar? This would be a significant future sale. Where else would they get it since POET has the world standard now? Like everything from POET, from a business standpoint, makes little sense.
Can you tell if it possibly infringes on POET's design.? Patent suit?
Still a path for POET? That sounds like the success probabilities have gone down considerably.
Why is the former COB competing with POET?
More like a mistake to buy shares.
Well there are 2 weeks left to Q3, so I really doubt that's going to happen. Mind boggling...
Why are these companies just coming around now asking for samples? When is Luxshare going to place an order? The timelines keep getting stretched out and don't make sense, if you follow what management has been saying for the past 2 years. And now, we have an ATM being fulfilled at near all time low prices. WTF man.
Looks like someone has lost patience and is dumping this morning. Can'ts say I blame em. The company has an innovative game changing tech basically in mass production that every company says they need and almost no one in the entire industry has heard of them. This, despite the fact they have had a presence at every optical show for the past 5 years. Sr Engineers from top networking companies and analysts write glowing articles about start ups that barely have interposers off the drawing board and totally ignore ready to go POET OI's. Its gotten mind boggling. Can someone, anyone, explain this curiousity?
Some announcement for a product sale needs to come very soon. The company can't just continue to create better and better versions of their inventions without some take up by the market. I hate to say this, but its starting to become a folly. POET has a BOD and a stellar management team, can't these guys see what they need to do? Sell your product. Let's go.
Now that the ATM Public offering has been "refreshed" and the show coming up next week, does anyone think this could be a set up for some type of sale announcement to a significant client there in Shenzhen? That would cause the SP to rise so the offering can be filled at higher prices. Just musing.
Why would Luxshare use different suppliers for rx and tx?
Check again, the NR says they are demonstrating with Luxshares 800G OSFP:
In cooperation with one of the Company’s lead customers, Luxshare-ICT (SZ: 002475), POET along with its joint venture partner, Super Photonics Xiamen (SPX), will showcase a live demonstration of the performance of Luxshare's 800G OSFP transceiver that incorporates POET’s 800G Rx optical engine.
The logical next step to this then is a module maker would attempt a buyout. Management though must believe creating the module is the easy part. How difficult would it be?
Can anyone with the technical expertise comment on this product? Is this the one with POET's O/I?
https://www.linkedin.com/posts/kathy-kou-b03635225_fibertop-transceiver-manufacturer-activity-7097400398805692416-uNUZ?utm_source=share&utm_medium=member_desktop
There seems to be a group of people who are frustrated at overinvesting in this company that have decided that are going to promote and publicize their unhappiness and in the process, ironically, chase away potential investors to the detriment of existing shareholders and the financial health of the company itself.