Supply Chain Issues.
posted on
Oct 12, 2021 12:51PM
Speaking for myself, I have become very concerned that Poet's success is being very much derailed by the supply chain issues and sinking economies around the world due to the insane policies of governments, again, around the world!, to fight Covid. By now we see that most of these governments won't admit defeat in spite of the fact that Covid is proving it is here to stay. Any virus that can infect animals (and it does) will continue to adapt, change, and spreak around the world just like the flu or the common cold. Yet our governments are destroying our economies and the supply chain in their vain endeavours.
So much destruction has already occured, and now civil unrest, divides among the populace between the vaxxed and unvaxxed, increasing totalitarianism from governments, suggest that more destruction of our economies and the supply chain is yet to come. IMO, of course. I am glad Poet has still had some success and hope it has more, but I agree with many of you that they should avoid the Nasdaq until things are more certain. I am also not surprised at how angry some investors are feeling, because fear produces anger, and some of us who have been waiting for so long have new concerns about our investment over which we have absolutely no control, and nor does our management.
My biggest hope is that the incredible cost savings that Poet's tech can allow will give us success in spite of everything going on. I'd also like to say that it hasn't been management's fault, and they, too, must be surprised at how long things have taken. This turn of events is unprecedented, and that makes even describing it or predicting it tough. Maybe they could have been more clear, but maybe they, too, kept hoping things would improve. I am glad they have found ways to expand their products, and now all we can do is keep waiting. In these crazy times, I'm still going to hold on to my Poet investment, because I'm not sure there is anything better out there anyway.
By the way, some posters keep saying that our management isn't invested in the company, yet point out all the stock options they have. I'd have to say if I had all those options, I would feel very invested indeed, and would be doing all I could to see they prove to be of real value, which will only be true if the stock price goes up. Who wants options in a company whose stock price is crashing?