HC Wainwright = fast money = Sharks
An up listing was expected to occur when the customers were on side based on technical achievements. Proof points that POET has achieved wafer level assembly. The DML flip chip was a very big proof point for their customers.
POET does not need to deal with the devil anymore. Banks are held to a much higher standard than these sharks that use the stock.
This is short term pain and for anyone who is a long term investor it is the price of doing business. Future earnings will begin to be recognized on the merits of the achievements this company has presented to us.