Re: FJ: ...AND PP FOR ALL

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

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Mironclaw

Rank: Treasurer [?]

Points: 1215 [?]

Votes: 125 Score: 2.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: FJ: ...AND PP FOR ALL

in response to

Re: FJ: ...AND PP FOR ALL

fairchijisback

posted on Nov 21, 2022 10:18AM

"The objective as noted was to extend the runway a bit while some commercial opportunities materialize and hopefully see a return to a more respectable share price."

Could it also be to give management some time to finalize the sell of a stake in Super Photonics?

The extended runway (1M$ burn rate per month = +/- 6 months) seems a bit short to go back to the market again even at a higher share price. But I like the idea behind it.