When POET was discussing plans to uplist there was a belief that they needed to first arrange financing and that the participating funds would require a deep discount to market. POET was unwilling to provide that discount to market out of respect for the long term shareholders and because they believed that it would severely undervalue the stock. And we all celebrated this fact but it meant that interested funds would have to buy in the open market. I believe that there has been a very slow accumulation to keep the stock from running up. The amount of time they have to do this is limited. The understanding of what this technology can do. Performance, cost and footprint advantages and the capability that POET has to fast track designs based on the platform flexibility is becoming well understood across a broader audience.
I think we are beginning to see this scenario play out. The funds needed to see the technology in action and see the interest that it is generating among the major companies in this field. I think that their due diligence has been satisfied and now that they have a foothold they need to accelerate their buying…IMO of course.
Industry needs will dictate POET’s success on a global scale.