Poet Technologies Inc (POET)

[mackwheaton]

It’s reasonable to expect a status update for the payment and the OI, simply because on or before the end of year was expressly stated by the buyer as the timing for their second payment. Any further delays are not acceptable in my opinion, simply because they have been through the drill with the first payment and should be well informed as to what was necessary to get it done within their stated timeline.

IMO, they are now in possession of the asset that they agreed to buy and they have failed to live up to their end of the deal, and/or POET has failed to provide notice of a material event, the receipt or non receipt of a substantial payment.

The obligation to update on the OI is less defined, the only acceptable scenario for a lack of news is if there is a in completion of the final component that they expect to resolve in a matter of days, not weeks or months...