Re: Mika (Babaoriley)
in response to
by
posted on
Nov 25, 2018 11:50AM
Agreed. I also think ethics might have been questionable pre-Suresh. Poet in those days had too much of a venturesque tinge to it. Pre-Suresh, you had a capital markets guy who was probably in over his head and all he could do was try to find angles to promote what he thought Poet had, He did not have the skills or experience to advance POET as it stood back in those days. At least he had the wherewithall to bring in Ajit who brought in Suresh. Suresh sorted out the mess and steered Poet to its present opportunities, but it has been a process that takes time and money and the issuance of more shares to support that. I don't feel that Suresh has any ethics problems at all, it has been more of people not understanding what he has been doing and trying to convey all along. It just has taken time to do it --- that's all.
We've had to be very patient with Poet to get a product that can be mass-sold at a nice profit. The company has taken a very big step in getting the prototypes out there. Yes, they have been officially validated by the industry --- that's a big step. I think for lack of understanding too many people have been too hard on Suresh. It's not Suresh that has been the concern. I think it has been the growing number of shares outstanding that concerns people here. It bothers me too, but I feel we are in a large enough industry that will likely absorb the number of shares we have outstanding and that they will still increase in value. Short term not, but longer term, likely. Because we do have something the industry wants and that industry is globally very large. We still have great opportunities and a future for this company.
Monolithic