Why are you assuming something happened to the $10 million
That is a natural assumption because they are now talking about a financial offering resulting in more dilution, with warrants. We know Denselight was operating in the red, what we don't know is how much that is costing Poet. Maybe there were outstanding bills to be paid there? I don't know, that remains a question.
You are assuming that the $10 million is still there. I don't believe it is, or will soon be depleted. I question if there are outstanding obligations to Denselight? Obligations which must soon be met?
You obviously have unlimited faith in the management of this Company. I just don't buy your reasoning for this financing. You said: "Clearly they are motivated to have a new shareholder base of US Institutional Investors and analyst coverage. But at what cost? They must have a plan. I really do think they have some cards to play otherwise this rushed effort is just a big fat counterproductive waste of time and a total misstep."
That is far from clear to me. I guess we will know more in about a month.
The point is, we need answers from management, not speculation.
