Re: POET Reports on Share Sales under ATM Program for the Quarter Ending September 30, 2023
posted on
Oct 14, 2023 09:10AM
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