I have not posted since our great financing fiasco. i fell in love way too much with this stock..Believed everything i heard..no need for money..NRE right round the corner all roads lead to POET.thought we had the dream team that could do no wrong.well yes i think now i made a verry big mistake putting 80 % of my retirement savings into this one.My ave is approx $1.10 and doubt i will see a break even. Wife had enough after financing so here i sit alone.
This is starting to act to me like a typical Venture exchange company ..missed deadlines...carrot dangling in front of nose direction changes...execs collecting what i consider to be huge salaries and then exiting door. Detector for instance...if its that much better than any other why cant we sell it.
I once had a Venture exchange Oil stock....they kept drilling and drilling and proving up more properties and barrels in ground if i recall corectly i think the NAV was going up all the time and was around $10 a share but share price kept dropping and went down to around 60 cents. Then guess what they ran out of operational money and declared bankruptsy. Well that got rid of us pesky common shareholders and i believe a few months later the oil field assets were sold for (WAIT FOR IT) around $11 a share.
Could this possibly happen here.Could we be waiting for the big news for nothing.Might they run out of operational money just when they have the tech perfected.I certainly hope not, but with all the secresy here we may not see it coming.Could some big entity get our tech (which by the way is supposed to be worth in the dollars a share if i recall) at fire sale prices. I certainly hope not but have little confidence anymore.
I have lost way too much now to pull out...dont have any money to average down nor would i if i could. Anyway this is all my personal opinion...but hopefuylly the company chages that.