Dilution is the greatest risk to investing in this company right now. At year-end 2017, Poet had 259,771,793 fully diluted shares. At the end of the second quarter (post split), share count was 40,280,278...multiply that number by 10 to compare apples to apples.
55% more shares than at year-end 2017, with share count up 10% in the first half of 2023 alone. If you had 5% of shares at year-end 2017 and never bought more, your stake in Poet today is 3.2%.
My question?
But isn't that the way the market works?
In 2017 Poet was a dream, a great dream to be sure
In 2023 Poet is a reality with great products
You say our dilution has gone up by 55% in that time. (Forget the share price because that seldom is an indication of real value but more of the whims of the market at this stage of the game)
1. Would you say Poets real value is the same as 6 years ago?
2. Would you say Poet's real value has gone up 55% in that time?
3. Or would you say Poet's real value has gone up 1000% in that time?
I know what I would say. T