Re: 3rd Tranche Close

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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fairchijisback

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Re: 3rd Tranche Close

in response to

Re: 3rd Tranche Close

fairchijisback

posted on Jun 04, 2019 11:00AM

One of the statements I made was not accurate. In accordance with the conditions of the credit facility POET is now paying a higher interest payment as of May 31. The interest rate will return to the default/normal rate once POET has reached in aggregate US$5 million raised through the debenture, warrants/options, NRE?...etc.

Time to enjoy the day.

For anyone who has not been looking at the off topic page ITTR is doing his usual Sherlock thing that is worth a look.

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