It is too early to come to any solid conclusions about this company until we have more news but it seems that shareholders and the management were too optimistic about the amount of money needed to get the various project to fulfillment and keep them under Poet’s control.
Over the last six months the impatient ones and the glass half empty people have been whittling away at the share price reaching a climax just at the time Poet needed to raise money.
Management appears to have made some poor decisions as well.
The people being offered the new shares could see the last six months of declining share price and decided that if they were to take the risk of taking up the share offer they needed a cheap price. They would not have had the time to fully understand the technology of Poet.
Poet needs a product to show the world what it can do and what it could do.
Hopefully we will have news of progress this week that can start the move back up to the right.