What is wrong with this picture???
We have a market cap of $282 million.
A share price at the close yesterday of $7.75….that’s $.77 pre reverse split.
According to Tom, we have 8 customers committed and many more ready to commit.
I bet only one of these companies would satisfy this present market cap when the deal is signed, the sales numbers in place, and money in Poet’s pocket.
Over a year ago we were told by the company that we should have a market cap of well over one billion dollars.
If we had 8 customers committed, we should be at least worth one and half billion dollars and that’s being very conservative, a share price of 8 x $7.75= $62/share. And that’s nothing, That’s only $6.20 reverse split share price.
I’m scratching my head at this share price of $7.75?
In fact, I think the problem is that there are not enough shares to go around and we need a share split with a ratio of about 20 to 1. Ha, but I,m not kidding. T