POET Technologies Inc (PTK)

[buccaneer1961]

WARNING to potential buyers of US ADRs who may fall victim to false advice.
Its always better to buy shares directly of the main exchange where the company is domiciled, which is the TSX.V. (Investing 101). But if your broker doesn't allow you can always buy the ADR, which is listed on the OTCQX. The old symbol "OPELF" is already changed into "POETF" & that is a very clear sign that management is trying to prevent the delay of last time. Management already said that their counsel is aware of what happened then and now that POETF is done before the name changes shows they are listening to their shareholders.


Also "(last time the SP went from 70 to 40 while OPELF shareholders were unable to trade.". At the time of the last name change OPL had a solar division, and the whole market tanked right when OPL was in the process of changing its name. The decision to do a name change was done months before, so no one could foresee at that time that months later the solar market would decline the way it did. It was convergence of unforeseen circumstances back then and no reason to create such a fuss. Also OPL.V shareholders witnessed a decline from 0.70 to the 0.40 area while they couldn't sell their shares due to the lock during a name change. But since OPL doesn't have a solar division anymore and knowing that management is clearly taking the right steps a recurrence of those events are very unlikely to happen again! Besides, when the stock went down the smart ones bought more and could swing trade them later on