Poet Technologies Inc (POET)

[Texbanker]

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.