I’d love for it to happen since my average is higher than that.
If it does happen, I would question the ethics of management even more than I already do because that would tell me nefarious things happened surrounding the raise which is just about to be announced as complete.
It would take new money to get the stock much higher IMO. Any serious investor who wanted a piece would have participated in the recent raises. Maybe some FOMO can squeeze it up though. I’ve noticed lots of trader accounts recently mention POET so it could be artificial (or pump and dump as you called it).
The company will need to do another raise in a few months…I’d guess around summertime. Also, they’ll likely turn on the ATM again which could keep a lid on things.
Management ruined the value here with extreme dilution (share structure AND SPX joint venture). I am very curious to see the updated fully diluted share count.
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