Last friday evening news drop definitely caused more questions than answers which should be answered to shareholders as soon as possible, with a news release or a comprehensive road map/plan presented via a shareholder update from management or CFO.

Takeaways from the ATM update on friday:

• During the initial phase of the ATM, net proceeds were approximately C$1,285,195 after commissions.

• No common shares were sold under the United States-only ATM Program from September 1, 2023, through September 30, 2023.

• Suspended sales under the United States-only ATM Program and they are not required to provide notice if it resumes making sales in the future.

Reasons for suspending the ATM, based on forum reactions:

• Not in need for money anymore because they secured other funding, potentially Cai taking a stake, funds in Asia willing to put large amounts into POET (Lisa's market report) or POET could sell a stake of Super Photonics.

• Paused until market conditions improve.

• Paused because there is a broader strategic plan such as choosing to time to coincide with catalysts such as the META presentation which could be successful, products 100-400G getting production ready, additional active customers, first revenue, second non-China oriented JV,... which could drive higher trading volumes thereby making it easier to use the ATM (if still necessary).

• Sending the message that POET isn't going to raise money at today's low shareprice and low liquidity. Management may want to bolster the stock price before raising additional capital.

• Prevent further shorting which could be facilitated by Fidelity asking shareholders if they would be interested in lending out their shares of POET in return for an interest payment.

• Removing the downward pressure on the stock by those hoping to purchase US ATM shares at bargain basement pricing.

• No one willing to buy shares.

• The company expects to generate substantial cashflow in the near future.