Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Re: CEO Letter to Shareholders
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Nov 02, 2016 04:42PM
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Nov 02, 2016 05:08PM
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Nov 02, 2016 05:23PM

"Additionally, as part of this offering we were able to secure sophisticated institutional investors, which we expect to provide expanded awareness for POET in the U.S. and other international financial markets"

In fact, so sophisticated, that they now hold a bunch of long term warrants essentially for free! Hey, if that's the best they could do, then I think I support their decision to do it. It's obvious we are not the investors they're were looking or they could have first come to us for the money, and probably raised it at a much better price (thus, providing proof positive that we are not sophisticated investors!).

As I was reading it, I was thinking, "crap, are they going to discuss pricing or not" - but they did.

The next 16 quarters will be telling....

Bottome line, I'm not real pleased, but somewhat mollified. Like Bcd, I think we got an explanation not unlike what I would have thought.

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Nov 02, 2016 06:35PM
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