On a side note... good news on POET
posted on
Feb 10, 2022 12:37PM
JDubski, you are so very right. Extremely good news on POET, but we both need to use the Off Topic Forum to celebrate that advance since this is the LAC Hub. It is important to keep the LAC Discussion Forum focused on LAC, lithium mining and lithium product developments and as far as LAC goes today the direction is "Up and to the Right", at least so far.
Now, a nod to everyone else here on the LAC Hub regarding JD's "On a side note..."
I have been invested other companies besides LAC, just like all of you. One of my investments for over the past decade has been another Canadian Small Cap called POET Technologies. I was intrigued by the work of a University of Connecticut PhD named Geof Taylor and thought his ideas would likely culminate in a major breakthrough in the world of computer chip technology so I waded into an investment in a field that I knew almost nothing about. Years passed, many years. The direction of the company totally took off in a new direction and the previous direction pointed out by Dr. Taylor fell to the wayside, however new stellar executives from the world of chip technology began to navigate toward employment with this small Canadian company and many, if not most of them, left major positions at leading and well known companies in the world to join a company that very few people had ever heard about: POET
That influx of key personnel into a virtually unknown company peaked my curiousity and also my investment dollars. What followed has been years and years of false starts, horrendous decisions by management and misleading statements about "Investor Value" and "Up and to the Right" that lead to one disappointment by investors after another. There was a myriad of excuses as to why the company's share price remained in the sub US $1 range and none of those excuses entirely satisfied anxious and frustrated investors. During this seemingly endless draught the company announced that they had developed something called an Optical Interposer and that they believed the capabilities of this technical development rightly placed it in the marvel category and that ultimately it would be a major game changer in the world of electronics and computers. Time passed and the projections of ultimate success continued side by side with a stagnant share price.
One of the big problems cited by the company was that they had multiple interested companies dangling at the end of their OI hook, but POET could not reveal their names because of NDA, Non Disclosure Agreements. We heard that argument for years and years.
Today, POET finally revealed the name of a company that will be using the OI in its own product and so we have seen a small spike in the share price today, but it remains just the same well under a dollar, USD.
Yes, the disclosure of the name of a major company that will be using POET technology in its products is a major development and will be celebrated by all die hard investors in POET, but we are "not there yet". The major reason: most investors don't have the technical background to appreciate the characteristics of the Optical Interposer and most investors like to have at least some basic understanding of the product in which they invest... most. I was, and remain, one of the few technically challenged investors in POET. In the process of my long journey with POET I managed to bring a long a few other investors and, if I am not mistaken, JDubski is one of those who I helped bring into the fold.
Long story short: This development today appears that it may ( much, much emphasis on the word: "may") be "the start of something BIG" for POET investors.
Will we see the same sort of rise at POET as LAC long term investors have seen over the last 10 years or so? Only the Shadow knows for sure. I remember many years ago paying something like 30 cents a share for Western Lithium. I also remember the Reverse Split at 5 old shares to 1 new share. I remember the seemingly interminable Kick the Can Down the Road, Move the Goal Post game that LAC has played over the years regarding the actual production date at Cauchari-Olaroz. Balanced with those memories must be the place where Cauchari-Olaroz is now whereby actual start of procduction is just a short distance away and whereby the share price is now back up to almost $30 a share.
Long term investments are never "Up and to the Right" in the sense that there are not some stumbling blocks along the road. As for POET Technologies, those stumbling blocks have not disappeared..... yet. That company still has the potential to fly but it hasn't left the tarmac and is still on the take off roll. I will, with today's announcement, continue to believe that ultimately the company will soar.
In the meantime, another long term investment of mine, LAC, has not only taken to flight with the management decisions lifting it into the air, it looks like it is on the verge to go orbital as what started out with tiny Western Lithium takes more and more steps to become a major lithium supplier in the world and no longer "some day" in the far distant future. It looks like Jon Evans is leading LAC into that orbit within the present decade of the 21st century and we should see it in orbit well before 2030.
"Fast Money" is not a description that would be appropriate for any of the long time LAC investors and the same is true for POET Technology investors. The ultimate outcome of financial success will probably be true for both of these companies, but LAC is further along that race than POET.
POET is committed to becoming a member of the NASDAQ during H1 of this year and that move, should it happen, would most likely help boost POET off the tarmac, however just like in the journey of Western Lithium to become Lithium Americas, POET will incur its own Reverse Split in order to get from point A to point B in that process.
Short term investors come and go in companies "in development". It is only the long term investors that get to feel all the bumps along that road to eventual success. I seem to have felt everyy single pot hole along the road of both of these companies. JMO
Okiedo