Agoracom: Small Cap Investment - POET Technologies Inc.

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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50% to 80% ?

turr

Jul 01, 2023 07:03PM

Re: 50% to 80% ?

Babaoriley

Jul 01, 2023 07:25PM

Re: 50% to 80% ?

turr

Jul 01, 2023 09:38PM

Re: 50% to 80% ?

Babaoriley

Jul 01, 2023 11:59PM

dash8400

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Re: 50% to 80% ?

in response to

Re: 50% to 80% ?

turr

posted on Jul 02, 2023 01:17AM

Just listened to it again Turr, the others are correct, SV states clearly from 14:55 onward that POET currently owns 80% of SPX, they expect an IPO of that company by 2026/27 and said by that time they expect to own 50%, which was all part of the original agreement as I recall.

At 15:50 SV says Sanan will invest another $15M over the next 6 months which should bring the joint ownership to 50/50 since the company was originally valued at $50M, and their total investment will then be $25M.

All part of the plan...

30 Recommendations

Re: 50% to 80% ?

turr

Jul 02, 2023 06:45AM

Re: 50% to 80% ?

Babaoriley

Jul 03, 2023 02:41AM

Re: 50% to 80% ?

turr

Jul 03, 2023 07:10AM