I’m happy Poet secured 12,5M$+.

They’re approaching mass production and they’re now in a position of strength to address their clients need.  A very solid news!

When I saw the “marketing” push put in place in late November, I immediately thought it was related to raising money.  I didn’t know if it was to incite the 0,52$ warrant/debenture holders to exercise or something else. 

With time, we’ve learned how Suresh behaves. For him to be releasing information and promoting the company is far from a priority.  He’s a tech guy…and an awesome one!

The technical news released in the last two months were really well explained and presented to the market. 

The deal we saw this morning (and after market closed) was surely in the works since this fall.   All was set up.  Poet releases the news, they have the support from the syndicate, the share price is being jacked up accordingly and the financing announced today.  The 0,75$ warrant holders missed their opportunity to convert but they get back in at 0,85$ with a full warrant.  A good deal for them.

Like some wrote today, that’s how the game is played.  If Poet is successful, this financing won’t matter at all. 

I won’t hold my breath for a meaningful NR until this financing is closed (feb 11th).  It would make TM look bad.

Let’s see if they keep promoting Poet after The Empire Club presentation.

Also, I hope they can explain if there’s a purpose with the money raised (outside the obvious “strengthen the Company's balance sheet”).

 Good luck to all.