First off, like or not I will use LWLG as a benchmark. POET has used LWLG as an example both on the record and off the record. Why has LWLG’s stock performed so well when they don’t yet have a product? What they do have is well organized funds who hold the stock and manage their inventory with controlled distribution. I don’t know much about these things but our CFO does. POET has something that is relevant right now. They are not using polymer based modulators because there are reliability questions and in the case of LWLG they are simply not available (pre-production).
LWLG (NASDAQ) in the last 3 months has had an average daily volume of 1,082,679 and an average daily value (closing price * volume) of $9,580,872.
POET (NASDAQ) on the other hand has had 14 trading sessions on the NASDAQ with an average daily volume of 67,903 and an average daily value (closing price *volume) of $516,732.
Yesterday was POET’s biggest day on the NASDAQ with 269,952 shares traded for a total daily value of $1,959,852.
Over the last 14 days that POET has traded on the Canadian Venture plus alternate the average daily volume has been 122,359 with an average daily value (based on actual trades not closing price) of $1,182,006 (US$945,486)
If we combine the Canadian and NASDAQ trades over those 14 days we get an average volume of 190,262 with an average daily value of US$1,462,218.
So using LWLG as the benchmark POET is doing 15% (CA+US) of the daily trade value of LWLG.
We see POET as increasing in its daily volume but it is not even close to what my expectations are as POET continues to promote an institutional awareness of their breakthrough products that are ready for prime time. Industry is in need of the cost savings and performance that the POET platform provides.