Foxy, the goal right now is to get the banks to cover the POET story. If we look at LWLG as a model in terms of gaining institutional support it's hard to reconcile the differences in terms of technology readiness and the breadth of the available market. As noted POET has 12,000 shareholders. A really large number of small retail shareholders. And clearly it means there are a lot of people who are tired. I posted the other day that the shorts went down which surprised me given the previous post on the subject heading “Shorts went up!”

from

Feb 28.     450.000 $

Mar 15   2.200.000 $

Mar 31   3.460.000 $

That info was linked from POET Technologies Inc. - Shortdata.ca for SHORT VOLUME SUMMARY: TSXV:PTK.V 15 DAY

When we look at the numbers from Canada Stockwatch (which i subscribe to for analytics)

It showed the following:

So although it was not a big decrease it was not an increase as was shown on the free site (which is what we have seen in the past).

The point is that that post generated increased speculation that a Wainwright type manipulated financing was in play. POET does not need to do cheap financing. And I am assured that the short is not sourced from the banks they are in talks with to initiate coverage.

Again 12000 tired shareholders tends to cause weakness and that weakness is a target for anyone who wants to accumulate. 

There is a finite amount of time for this activity. If POET had decided to put off the uplisting there is no telling where the share price would be today. And POET has said in no uncertain terms that they believe that they need access to buy and hold institutional investors.

That is why POET ripped the bandaid off and uplisted when they did. 

I was actually pleasantly surprised to see that POET is participating in “The Future is NOW! Meet the Next Big Innovative Stocks at GCFF Apr 21, 2022” ahead of financials. Is it possible that financials will be released ahead of this event…don’t know.

Anyway my message is that POET has been uplisted and they believe from their point of view it was from a position of strength. Their measurement obviously uses a different set of metrics associated with production readiness.

And the one thing I want to stress. There is no desperation. The stock price appears to be maintaining the range necessary for the targeted investment banks to take a buy and hold position and begin accumulating the stock. The share price and the value is completely upside down as is the opinion of many here which just adds to the level of frustration we feel. But I think we are going to see a dramatic reversal. And yes it has been said many times before but this is the first time POET has been on the big board and stuff can happen in a hurry once a clearer picture of commercial progress is revealed.

PS…I prepared this post without having the benefit of reading Lumenge’s post which I am looking forward to reading.