Not my kind of post usually, but I could not hold off since the coming weeks will define our investment in Poet.
Poet needs to come out and shed some light on :
- Is the additional 550K$ what they wanted to bridge until the transaction closes? I don't think so since they intend to solicit more in the coming weeks (october 31st deadline)
- Where are they on the tech advances?
- What have they planned if Denselight's transaction doesn't materialize in the short term? Another company intends to buy Denselight?
- What's there cash position right now? (we'll get Q2 financials shortly)
IMHO, with the lack of informations available to potential investors, Poet cannot expect to raise more substantial funds.
Since Poet's assets are linked to the Espresso Line of Credit, investors need to be informed with an update. Management sounds confident (IBK cc), shareholders need more to feel the same.
The future of the company is in play.
It's showtime!
GLTA