Frustrations with SP
posted on
Jun 07, 2017 04:22PM
I was thinking about what my current frustrations with POET are coming from. Is it because of communication issues or because of the current SP? To get an honest answer, pretend the SP is at $10. Would the issue still be about communication? I agree communication could be a lot better, but I am most upset about the SP. They need to execute and get the SP significantly higher, that is what matters most to me. Suresh is focused on the business and I would think that he knows where the SP is headed if he succeeds. He does not put out meaningless pumps to raise the SP, which we saw with previous management. For example, I have never believed that the "leak" for the London Investors presentation was not intentional, just my opinion and currently irrelevant. Those days are gone.
POET communicated about the PO, so I was not upset about that part of the PO, I was upset about the terrible conditions of it, how they went about it, and the resulting effect on the SP.
I try to make sure any anger from frustration, for whatever reason, is pointed in the right direction. This is not to say the letter is a good or bad idea. The current letter won't do this, but it is best to ensure we do not force the hands of management, the end result possibly being a even worse SP. I am a scientist, so I wait for facts, don't react, rather act based on an understanding of the situation. I prefer to use data and factual information to base decisions on.
I find the "gag order" frustrating, yet necessary and not completely uncommon, at least in terms of the technology. I believe the "gag order" on the progress of the technology is a positive sign, in reference to where POET is with the technology, IMO. I also acknowledge that POET management understands the need to keep the technological progress under the radar, much more than I do. It is also not as much fun without the previous updates (assuming you could interpret them), but as much as I would like to make some money on this investment while having fun and excitement, I will take the former over the latter.
POET, just execute, and soon (not "soon"). I am anxious for that, which includes the communication of a successful prototype with POET technology (when it makes sense to announce this), followed by some revenue for POET related technology. As much as everyone here does not want a SP of 30 cents at the AGM, I think there is one person that wants this less than anyone, and that is Suresh.
Best of luck everyone!!