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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Message: Re: POET Reports on Share Sales under ATM Program for the Quarter Ending September 30, 2023

I can’t help but to think that there is a connection here.

Some U.S.-based shareholders of POET have recently received a message from Fidelity asking if they would be interested in lending out their shares of the company in return for an interest payment:

Don’t. There is some shorting going on in POET’s NASDAQ-listed stock (ticker symbol: “POET”), but because the volume is low, the short sellers can’t buy in the open market without increasing the price, which is why they want to borrow your stock – for cover.  Don’t lend out your shares. It only diminishes the value of your investment and most of the interest that they pay goes to Fidelity, not to you.

 

https://twitter.com/POETtech/status/1706733010274730115?s=20 

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