Re: Progress...
in response to
by
posted on
Aug 17, 2023 05:36PM
Indeed it's worth noting that the timing of POET's listing on the NASDAQ might have been relatively early. However being on the NASDAQ provides a platform that not only brings visibility but also signifies a certain level of credibility and potential for growth. Not today, but when the company is ready, the company is at the right place.
Despite concerns about geopolitical tensions and the challenges of attracting new investors, POET is actively proving its worth. The upcoming second joint venture announcement, coupled with a robust lineup of chips ready for production, showcases the company's dedication to innovation and expansion imo. Their strategic approach to project selection demonstrates a keen understanding of the need to balance growth with risk management. The recent successful capital financing of up to $30 million through at-the-market financing is a testament to investor confidence and will position the company well for mass production and future endeavors. Although this might hurt a bit, it is a necessary thing to further scale up this company.
Furthermore, POET's ability to secure a substantial $30 million revenue from a single client within a three-year timeframe underlines their competency in generating significant business opportunities. Their agility across diverse sectors and potential for licensing technology to other companies highlights a multifaceted revenue strategy that sets them apart. Some of these clients could order up to 100M. Just needs time.
Also I believe POET's video's are way better now. Great to have these information sources for new investors when POET gains more visibility along the way.
And what truly sets POET apart is its exceptional team. Comprising highly skilled individuals driven by the pursuit of the company's true potential. Suresh doesn't like a buyout scenario.
While concerns have been raised, POETs trajectory is defined by these positive indicators, in my opinion. Still a believer in POET and very satistisfied with the accomplishments of the last two years (since I've invested). Little in red, but it is my belief that will change. Today tech stocks turned red. Interest rates are high. Quantitative tightening. ....Be greedy when others are fearful.