Re: 3 weeks to warrant expiry
in response to
by
posted on
Oct 28, 2020 04:16AM
Fairchij: When POET announced the LOI with Sanan there was comments like "it's just an LOI and that is why the market response was limited". Now after we get confirmation of a signed deal with the biggest compound semi fab we again see a flat response by the market.
POET had every reason to believe that the JV would propel the share price, due to its material significance. Thus, no allegations from me.
However, the overhang from 2016 is way too large. Even if only a small fraction of those warrant holders play their games, it is enough to keep the share price in check.
No chance to get the $0.75 warrants in the money. Please prove me wrong, buyers!