The CEO of Globalfoundries joining the board was a huge endorsement. They could have waited a week or so before the next news, let's say until Thursday.
I was thinking the objective was to keep it over $2US. With Mr. Fab, the MS8, the prototype, P2, I don't understand how they can choke.
MS8 is complete and I don't understand why they have not used this huge news to keep the momentum.
Instead of that, from the IR Guy:
IR told me on the phone that this NR means they have completed MS-8; however the company believes the story behind the new hire is much bigger news and do not want MS-8 to overshadow this news about Ajit
Not overshadow the fact that the CEO of Globalfoundries believes in POET! Are you kidding me, you got another big news and you don't use it...
Instead of that they killed the momentum again by allowing an old 5chmuck to cash in at 2$ when it's supposed to be a 70$sh company.
The BNC was selling hard at the 2,18$ range, it is strange that they were the buyer at 1,90$.
Hope it was some options he would have lost. We should know soon.
What a roller coaster.
Sorry again for my unforgivable english.