Re: POET Reports on Share Sales under ATM Program for the Quarter Ending September 30, 2023
posted on
Oct 15, 2023 09:58AM
I think most would agree that there have been a lot of very positive technical and commercial developments in recent months and POET is doing what they can to get that message out. The share price has failed to respond accordingly to those developments. I don’t think the messaging is at fault but certainly market conditions have been very bad for small caps. Many would argue that messaging has been the biggest problem but to me this company's reporting is pretty typical for a pre revenue public company.
The fact that POET has suspended the US ATM and not the Canadian ATM is very telling. And why even suspend the US ATM and make that announcement publicly? Why do it unless there was a reason? Clearly they want to send a message to those who are playing a role in the share price decline.
We are all waiting for big announcements but the thing is there have been many really good announcements recently that during normal times would have seen this stock respond accordingly and the negative sentiment would not exist.
price | |||||
2023-10-10 10:58 | 4.14 | ||||
2023-10-05 9:54 | 3.87 | ||||
2023-09-12 14:58 | 4.73 | ||||
2023-08-15 9:27 | 5.31 | ||||
2023-07-26 9:53 | 5.3 | ||||
2023-06-14 9:57 | 7.15 | ||||
2023-05-11 10:50 | 5.82 | ||||
2023-04-25 10:31 | 5.09 |
I am very hopeful that this action sends a clear message that POET is not going to sell shares at these prices so if you are shorting, forget about it.