The signals are also there for a liquidity event without a raise.
In all honesty I don't think this company would dilute at the current share price not with $17 million in warrants at .52 (or whatever it is).
Remember this?
OPEL Technologies Inc. Secures Financial Backing from Silicon Valley Bank Shelton, CT and Toronto, ON, November 28, 2011 – OPEL Technologies Inc. (TSX-V: OPL) (“OPEL” or “the Company”), a leading global supplier of high concentration photovoltaic (“HCPV”) solar panels and solar tracker systems and a semiconductor device and process developer, announces it has secured a line of credit for $5 million from Silicon Valley Bank (“SVB”) in Massachusetts. “We are pleased to add this line of credit to our financial options,” said Michael McCoy, Chief Financial Officer of OPEL Technologies. “The credit line will be utilized to fund U.S. and qualified foreign receivables of the Company.”
Surely worst case POET could get a loan if they really needed to. No one wants to do a dilutive financing and I can't see why they would continue ramping up with staffing and facility if there was not something in the bag already. That to me is the real signal.
Back to my Christmas baking…lol. Love the science.