looks like the market is awaiting news. Obviously, those who are tired are selling into the hands of the market maker(s). Fatigue and nervousness are two of the emotional factors weighing in on shareholders. It is tough sledding right now. Potential shareholders are sitting the sidelines awaiting news. IF POET comes out with +ve results on the Ring Osc and VCSEL, the market will take the SP to heights not seen before. Deals should not be far behind. Those, who sold will jump back in, those who are sitting on the sidelines will jump in. Shorts will start to cover. Nothing but movement upwards regarding the SP.
Only news of the Ring Osc and VCSEL,,,,, along with the TDKs will move the market. IF we get a NR on a high profile CEO (expected sometime in May) that would solidify (IMO) the fact that the milestones are complete or nearing completion and the results are promising. The SP will get a significant bump up with the new CEO annoucement but it will require follow up NRs for the SP tobe sustainable.
So POET management have until:
end of May to announce the new CEO.
AGSM stuck in the middle. June 12th
end of June to announce the 2 Milestones & TDKs.
We need to hold their feet to the fire on these timelines as they have extended the milestones twice now. ( Sputter tool delay was a farce IMO).