Re: Money
posted on
Nov 05, 2016 05:24PM
Yes, I do think they will keep trying to make the VCSEL work. That is why I hope. Hope they can succeed.
The market and stock price tell another story, unfortunatley. There has been a lot of selling, many have lost faith in management's ability to deliver the VCSEL. The austerity program undertaken by Poet, which I applaud, also points to a precarious financial situation and possible problems in the future. On this exchange, reverse splits due to low stock price, and too many shares having been issued is common practice. If that is Poet's future, it's a dark picture, and I won't expand on it.
I invested in this company, and increased my investment because of firstly the potential, and later because of the management. I was enthusiastic about Poet at the beginning, but I became concerned when deadlines were not met. I became even more concerned when the business plan changed, and again when we bought DenseLight and B.B.P. But the worst happened recently, when the stock price collapsed due to the financing.
I didn't invest in this company because of DenseLight. But that now seems to be the focus of the Company, as per your reference.
I know full well what the Company wrote in their general statements, John. And I acknowledge your and other poster's input and points of view. I guess I am hoping to read something that will resonate and address my concerns. But I realize that can only come from the Company, and the burden of proof as always is still with them.
It's hard time for all of us, and if you are communicating with IR, maybe you can pass along some of these concerns and complaints that I, and a few others have voiced. But it's up to you. fwiw.