Poet Technologies Inc (POET)

[mackwheaton]

Present day I am devastated both by the decision to go to the NASDAQ without an imminent book of business, truly poorly planned and it reflects badly on the “sub committee” that made the decision. Flog them. I believe, while we would have taken some hit, we’d be sitting at $6 + right now if we had waited it out on the Venture. Doesn’t matter to the true believers, but it certainly does to me when I look at my portfolio.

I’m more sanguine about the future, and I do believe that the trigger will be the 400G transmit engine completion and move to sampling. That does place them at 800G/1.6T and suddenly a whole lap ahead of the field, should trigger valuations that take into account many years into the future.

If I were new, I’d nibble a bit at these sub 4 levels, even if it falls further, but I’d have my biggest bag of cash available for the successful 400G transmit announcement. I suspect a big industry player is lying in wait to get a piece of the company when that happens. I’m guessing only, but, given the current SP action, I’d like to think that announcement will come around the time of the AGSM in mid October.