Remember Poet was at a low of 23cents during March, 2020. Pandemic shocked happened and then the markets adjusted to prevailing realities. Then Poet recovered and stayed range-bound averaging around 50 cents from April-ish to about 3 months ago. Then 3 months ago Poet made a tremedous rally to nearly $1.50. Then a PP for $0.85 with $1.15 warrants and an accelerator clause at $2.30 happened. That PP shored up Poet's treasury essentially giving Poet about 2 years of financial security at current burn rates. Poet has promised likely news around a 400g partner during March, 2021.
Even if the market corrects, Poet has insulated its viability for the foreseable future (about 2 years). A flow of good news is expected because of the stage that Poet is at. That should help to support Poet's share price. Expected news should help Poet recover again and progress to the next level and get rewarded by the market. Ebbs and flows are expected, but the levels for Poet's share price have changed from a year ago to becoming more positive with a better future in sight. How and what will the market value Poet's future at? That depends on the continiuing improvement and flow of news as Poet is still an event-driven stock and not a revenue-driven stock.
Monolithic