BakerShaker's Profile
BakerShaker's Posts
Maybe it makes me a whiner, but I'm not super happy about today's news. I'm long and not selling, but I don't have to be happy either.
If it's actually $0.36 CDN that's horrendous and a big haircut to the valuation of the company. If it's $0.36 USD I don't know whether to breathe a small sigh of relief or be even more horrified.
This company is working at the limits of human achievement in materials science. I'm actually pretty confident that there is no other professional field that requires the levels of super precision, in every phase of production and planning, that is required to make today's electronics (Maybe rocket science). Even the most microscopic imperfections or variance in epitaxy will be the difference between total success and abject failure.
Could you imagine POET sending the tech specs to the wafer vendor and saying 36% Gallium....when its supposed to be 36% Arsenide? That would be shocking and completely incompetent. I know that's wildly oversimplified...but...
If this press release is right, it clearly states C$0.36 and not $0.36 USD.
So if this $10,000,000 deal has two typos in it (C$0.52 would be the other), what other mistakes and typos are being made internally?
May ___ have mercy on us all!
Well fellow POET investors...Today was a bit stressful. I hope it was a wake up call for the POET management. They must be acutely aware that quite a few investors are not happy.
I'm glad I was able to sit on my hands today and stay invested. A few of our fellow board members got shaken out today and that is unfortunate. They actualized a loss. Time will tell if they did the right thing or not. I know for sure I'd have lost money if I sold. So I wait.
I think the thing we all want now is honest information from the company. I invested years ago in a company with disruptive tech. So far the only thing they are disrupting is my sleep.
I'd like to hear from management:
1. Are they indeed delayed? Are they pivoting to manufacture less challenging products? Changing priorities?
2. Are they still having issues with the POET technology/epitaxy?
3. When do they realistically expect an optical engine prototype that can be mass produced? Is this still on schedule? Do they have the resources to get it done?
I want that prototype built...the optical engine is critical to explosive growth.
4. I'd definitely like to hear what they want the money for and how much they intend to raise. If they are mostly using it to produce conventional optical products...I wouldn't be super thrilled about that. It would just be ok.
5. I'd like to hear how the progress with the VCSEL is shaping up and , if it's done, how well is it performing.
There are a bunch more things I'd like to know, but that's a good start.
Lots of questions. Just enough patience.
GLTA
Its on page 47 of the F20 filing. Here is a snippet.
The details of the Rights Plan are summarized below.
One Right will be issued and will attach to each outstanding Common Share of the Company. A Right only becomes exercisable upon the occurrence of a Flip-In Event, which is a transaction by which a person becomes an Acquiring Person and which otherwise does not meet the requirements of a Permitted Bid. Prior to the Flip-In Event, the Rights are priced at five (5) times the Market Price of the Common Shares at the Separation Time (the “Exercise Price”). Separation Time means the close of business on the tenth Trading Day after the earlier of the first public announcement indicating that a person has become an Acquiring Person or the date of the commencement or first public announcement of an intention to commence a Take-over Bid (other than a Permitted Bid or Competitive Permitted Bid). If a Flip-In Event occurs, each Right issued under the Rights Plan thereafter will entitle all holders, other than the Acquiring Person, to purchase for the Exercise Price (5 times the Market Price) that number of Common Shares of the Company having an aggregate market value equal to twice the Exercise Price (2 times 5 times the Market Prices being 10 times the Market Price). The result of this provision is that, in the event a Flip-In Event occurs, subject to all other provisions of this agreement, each Right will constitute the right to purchase from the Company ten (10) additional Common Shares at 50% of the Market Price at the time of the Flip-In Event. This purchase could cause substantial dilution to the person or group of persons attempting to acquire control of the Company, other than by way of a Permitted Bid. The Rights expire on the termination of the Rights Plan, unless redeemed before such time.
We know they were/are using BAE for some foundry services as well.
From their March 30 2015 press relase....
POET Technologies Inc. (the “Company”) signed a contract with BAE Systems under which BAE Systems will provide non-exclusive third-party foundry services in support of the Company’s “Lab-to-Fab” transition plan. The current phase of the work will be performed between March 2015 and August 2015. Key objectives of the collaboration include process transfer, prototype builds and design enablement kit development.