The Venture State of Mind
posted on
Aug 14, 2014 11:51AM
Hi everyone,
I'm glad to see the mood improving slightly as many AGM attendees share their observations. It was painful to watch the SP dip again yesterday after so many encouraging messages were conveyed at the AGM. If the sentiment on the forum can be considered a model for the whole of POET's retail shareholdership, then the problem we face is less about POET and more to do the conditioned response that is typical of the vulture investor.
For example, there is a tendency to confuse cause and effect when it comes to SP. Many comments indicate that that SP is dropping so something must be very wrong. This is nonsense and those who heard from management and the tech team are really best qualified to judge if there is anything wrong. There isn't. Far from it! What we are seeing is probably traders taking advantage of the conditioning I described above, plus other weaknesses in confidence, and are successfully pushing the price down to where they will begin to pump it back up again. We don't need pumping, we need partners and contracts. I believe these are due in a very short order and in a future post I will elaborate on my reasons for thinking we are due for an exciting couple of months.
In the meantime I hope we can break the shackles that this sorry excuse for an exchange has placed on our minds, and begin to think bigger than the venture. That's what management and tech team is doing. Steph said that he sees POET becoming the ARM of chip fabrication process technology and it doesn't get much bigger than that.