Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Re: Why report early?
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Nov 13, 2017 04:59PM
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Nov 13, 2017 05:20PM
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Nov 13, 2017 05:39PM
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Nov 13, 2017 05:45PM

Under 1. DESCRIPTION OF BUSINESS page 6 of the financials contains this statement which was not under the Description of Business in the previous quarter:

The Company has working capital of $9,056,801 as of September 30, 2017 compared to $15,509,859 as of December 31, 2016. The Company is currently in a position to cover its liabilities as they come due. However, we have sustained considerable operating losses in the past. Should such losses continue, the Company may need to seek debt or equity financing to fund its operations

This is kind of a mixed message. Should such losses continue the Company may need to seek debt or equity financing to fund its operations?

In my opinion this suggest that there is an expectation of money being sourced elsewhere… read partnerships?

 

I very much doubt that POET would do an equity financing at this price but as noted debt financing could now be on the table if they continue to lose money which pretty much is a given while the company is focused on 100G product development. I think we will know fairly soon where the money is coming from?

Come on India...Come on partnerships...come on NRE.

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