Poet Technologies Inc (POET)

[KCCO7913]

Per Agora there was a filing today…no link yet…but said as of 4/26 they had $8 million USD in working capital. Without ATM usage I was estimating about $1 million in working capital right about now. So it looks like they did indeed take advantage of the ATM the last 10 days or so and raised ~$7 million.

Add this weeks private placement of about $7.2 million USD and they estimate $15.24 million on hand.

Burn rate hovers between $1-1.4 million per month so there’s a year of cash on hand now.

Well done, POET. Phew.

Best $100,000 spent on marketing if that new company is who put together the YouTuber video. Wow what a Hail Mary.