Poet Technologies Inc (POET)

[mackwheaton]

IMO, bear raid on Thursday, orchestrated professional selling Thursday to scare some cheaper retail shares out. On Friday triggered stop losses and fear and those pros who sold on Thursday bought back on Friday. Canadian share prices were much more volatile than US due to volumes, I'm guessing the action was initiated by Canadian firms.

I have seen this several times over the years before a stock is about to move up. Someone wanted as many shares they could obtain, by any means, as quickly as possible.

Also, the early filing of the 20f seems to point to someone wanting the books as up to date as possible, often a sign that another entity may want to enter into some sort of equity arrangement.

Whether there is an imminent event or not, it is clear that progress toward a commercial prototype is near or at a successful juncture, what happens after that should be nothing short of exciting for investors. Hopefully, the wait will have been well worth it.