Poet Technologies Inc (POET)

[Texbanker]

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.