Re: New Wainwright commentary...hope you can read!
in response to
by
posted on
Nov 20, 2018 06:25PM
If Poet is poised to possibly become a cash cow in 2019 then a share buyback plan makes more sense if the goal is to graduate from the Venture exchange. Look at Photonics Control, they announced a share buyback plan this year after socking away lots of cash, and they have moved from the Venture to this TSX.
Wainright is making it up as it goes along. Even their price target for Poet is based on hypotherical numbers at best.
Poet management needs to disabuse potential investors from speculative discussions that hurt the sp, especially when this is being done by the only analayst coverage they have, which is even mentioned on the Poet website. Poet needs to stand up for shareholders and communicate how management views this very contentious statement.