Monday, July 29, 2013 4:46:12 AM
on 2 March 2011 Opel stated that "all complements have been validated by third parties" and that they expected to have a fully functioning integrated chip with all complements "within a few months".
That statement was totally false! Only a transistor had been validated at that point and in the 29 months since then Opel (please excuse me! POET - the fourth name in three years! <<RED FLAG!)has been announcing a series of milestones some of which are third-party validations (and some only by Opal/POET) which raises the very obvious question: if Opel had already validated these complements in March 2011 why are they doing them again? There are still 3/9 announced milestones not yet validated/revalidated(?).
then there was the infamous "milestone that was't): POET (then Opel Solar (or was it Opel Technologies?) data PR which was carefully worded to give a very strong impression it was the achievement of a new milestone while never quite stating it explicitly and unambiguously. Many investors contacted POET (then Opel Solar/whatever) and asked for clarification: was it or was it not also? despite many requests from investors including e-mails with long lists of Opel shareholders demanding clarification of refused to state whether it was or was not a milestone. subsequent events revealed that it was not a milestone.
In the light of all the above, some investors feel that little confidence can be placed in POET (Opel Solar/whatever)'s current remaining milestones. perhaps talking about 5.00+ pps as a possibility rather than an inevitability would be far more appropriate. IF, not when.
Recent PTK News
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