This is an excellent idea for raising money and using it only when needed at the discretion of the company.
How in the world could anyone here compare this deal with that infamous financial deal of a few years ago??? We had nothing back then. Our scientists and engineers had run into a brick wall called the fourth pin. Our share price was heading to ZERO and if we never got that terrible financing, we would have been delisted in short order. Along came our knight in shining armor to save the day. His name was Suresh. He had an idea that involved photonics. A great idea, a great theory, a great plan but a different course for the company we call Poet. He set that course and, in a few years, brought us to where we are today. He did this on a shoestring budget competing with companies that were investing billions of dollars in research to get that final product to market. He worked miracles to get us to where we are today, with many products and different designs and with great deals with many companies ready for production at the cheapest and best products that any company has to offer.
Now, tell me again how this financing is anything like that one of years ago. Major investors and institutes are climbing all over themselves to get a part of Poet but it can’t be done very easily in the open market where such demand for such few shares available would quickly shy rocket the share price.
Don’t worry, they won’t have any trouble raising the money (if needed) at a very good price.
That deal of old was built on dreams only and not many big investors invest their money in dreams. Today they will be investing in an optical interposer (the best solution in the market) that has many designs for many applications at the cheapest price.
Now tell me again how this looks anything like that financing of years ago. T