POET Technologies Inc.

in response to EileenTeahon's message

Eileen, could your CFO defend his proposition of the possibility of a short squeeze when only, what, one or two percent of the outstanding shares are short? I don't see that happening at all. I certainly could see a lot of people wanting "in" the stock once they get wind of it, and if that happens, maybe some will call it a short squeeze, but I don't think it will be a short squeeze, and as long as the stock is way up, I won't care that people erroneously label it as a short squeeze. Now, if the short interest went up to 15% or more of the float, I could see a short squeeze under the right conditions. Those conditions are extremely rare, but POET has a shot at being the type of story where a short squeeze could actually happen, but you need a bunch more short interest first.

And then you write (likely this is your thought and not your CFO's, but perhaps it is both of you), "If you thought the fruit company pumped out numbers, just wait." Not sure what you're implying there.

Please login to post a reply
Babaoriley
City
Los Angeles
Rank
Vice President
Activity Points
15546
Rating
Your Rating
Date Joined
02/05/2008
Social Links
Private Message
POET Technologies Inc.
Symbol
PTK
Exchange
TSX-V
Shares
259,333,852
Industry
Technology & Medical
Create a Post