Re: 23% of LWLG valuation....
in response to
by
posted on
Sep 20, 2021 01:56PM
I've written here before about this topic, the gist is not what LWLG has, but the liabilties that POET has. LWLG still has to go through the entire industry validation process that POET went through since 2018. POET is past that and nearing commercialization, that said:
POET is on the TSX.V, it has a bad rep among retails.
POET has a tired shareholder base. Have you seen a more cynical and skeptical shareholder base than this one? I haven't. Even Tesla in its darkest days had a very loyal and supportive shareholder base, both at retail and institutional level. On Agoracom today you see half the people making wild accusations at management, constantly bringing up past failures, etc. Contrast this with the enthusiasm of GME/AMC base and you see where the gap in price vs value comes from. By the way, we are the furthest away from our darkest days as we ever could have been, it'd take something seriously unprecedented for Beta samples to fail to match the specs of the customers' designs.
Most people here have seen all this before, if I put myself in their shoes I'd be skeptical. They've heard "Nasdaq soon, commercialization just around the corner, partners soon" since the Geoff Taylor days. They won't be convinced unless we see press releases with titles like "POET enters supply agreement with [partner name] worth [X dollars]" and/or "POET announces offering on Nasdaq, raising [X dollars]". I don't blame them, a company needs to convince its most loyal supporters first before it convinces strangers to buy into it.
Personally, I'm patiently waiting for those PRs.