Agoracom: Small Cap Investment - POET Technologies Inc.

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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Quan Gork

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Re: SCR...

posted on Feb 19, 2021 05:32PM

Re: "They just did their reverse split 1 for 10 and the stock is begining to trade post RS today on the TSX. On a day where everything is red on our screen, the stock is UP 5% and at one point this morning it was up 16%. So evething is NOT necessary bad for a stock when a RS does happen. If its done for the good reasons it could even be positive"

Down 11% today. I don't follow this stock, and don't know why they did a 1 for 10 reverse split, but it is likely meaningless to try to do any comparisons. I have seen stocks get killed after a reverse split (sometimes below pre-split levels in short order), but these are for companies that are in serious trouble. This of course is not the case with POET, so I would not expect anything tragic to occur after the split.

Even if we get a slight pullback after the reverse spilt, I don't expect that to be a trend (possibly increased volatility in both directions). I do hope that before the split, we are significantly higher, ideally fueled by some nice news releases (I'm ready for that!!).