We need money to survive! Nothing else matters at this point. They need to solve the financial situation first and because of that financial risk, this is why we sit at multi-decade lows.
None of the financial risk was addressed by Suresh in his letter and this is why we have not seen a rebound in price. Until that happens, the ebook, the optical interposer, the Celestial AI stuff to come, the vast potential.... none of that matters IF POET runs out of money.
Suresh mentioned about the struggles to raise capital because of market conditions which is a lame excuse. Please see nodrog16's post on Dec 4th below and look at the total amounts raised in 2023 by all these startups, refered to as a "fundraising feeding frenzy" and tell me how you feel about our "disruptive technology" company unable to even raise $2 million. It is truly mind boggling to me to read this. Who should be responsible for this underperformance and financial mismanagement?
"More than 200 AI and machine learning companies have raised at least $50 million so far this year, according to data from PitchBook"
Look at this list:
https://agoracom.com/ir/POETTechnologies/forums/discussion/topics/796623-celestial-ai-mentioned-2023-has-been-an-ai-feeding-frenzy-here-are-the-startups-that-attracted-the-most-investment-this-year/messages/2400407#messageĀ