Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: New Suresh Wall Street Transcript

"This year, in particular, obviously, our intent was to move to the Nasdaq to get more institutional investors into our stock and excited about it. And unfortunately, our timing hasn’t been perfect in hindsight. I think we moved in March and everything went to hell in a handbasket very quickly thereafter with the invasion of Ukraine and the overall turmoil in the stock market since March of this year.


So that has been a challenge for us, of course, as we try to capitalize the company, and get more institutions involved. It has obviously blunted some of our plans, especially in the second quarter. Of course, we look to the third and fourth quarters of this year for the stock market to stabilize and investors to gain more confidence and stability.

But, I mean, it’s hard to time these things. I guess I would say if the country is moving into a recession, we’re going to need to work through that at this point. But those are the challenges we faced, both on the capital market side, as well as on the supply chain and technology development side of things."

 

Atleast the mistake in timing was admitted and the outlook is realistic, but it also likely means we will be down in the 4-7 Canadian range for a while longer.

Still would be nice to know who the subcommittee was, and why uplisting was announced in 2021 and then done a full year later.

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