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

Free
Message: 14 cents post r/split to the $2USD range.

Why is management not doing something more aggressive about this share price? It's beyond frustrating. 

 

I joked in the past about praying that Mika doesn't "Rennova us" but each day we get closer and closer to that reality. This is resignation territory. Enough already. 

 

Is it too late to get that $70 Club deal? What about $7? 

 

Re: "

14 cents post r/split to the $2USD range.

posted on Sep 27, 2023 02:55PM

We are pre-r/split 1.4 cents from hitting that unbelievable failure of a figure. 0.14 cents away post r/s.

POET did an r/s, uplisted to the NASDAQ from a "position of strength", and has since lost a considerable amount of value.

This exact scenario occured with the CFO's last company, Rennova Health, over a period of many years. 

https://www.marketscreener.com/quote/stock/RENNOVA-HEALTH-INC-47133990/news/REVERSE-SPLIT-1-of-10000-39811203/

Yes, you read that correctly. It was not their only r/s. There was another 1 of 1,000 in 2021 preceded that:

 https://www.marketscreener.com/quote/stock/RENNOVA-HEALTH-INC-47133990/news/REVERSE-SPLIT-1-of-1000-35938658/

There are more. In fact, there are a number that occured. The full list did not paste well.It was me that enraged the pumpers on this board by noting we are nose-diving and could see the USD $2 range. It is now in sight. This is insane. 

The pumpers have gone as silent as the company. This is not a coincidence.

Where is the accountability? Where is the honesty?

The CFO is accountable for the share price.

Also, the company is being shorted at will. 

When will it stop? Are we being told the truth here? Do we know for sure Craig-Hallum is not behind the shorting?

Yesterday they tapped the ATM. Yes, at this range. Yes, this is how the company is operating with your investment. 

These are desperate moves and measures.

This is going very, very wrong. The lack of volume enables the easy shorting. It also enables those paid by POET to continue lying to you on this board to trick you out of your money.

The insults hurled my way when I reported this earlier are all you need to know about those characters. 

Those same characters will be very, very, interesting to have a beer with after the next in-person AGM. I relish the opportunity to have them understand that the path this BOD and leadership have chosen - not transparent and often by telling untruths - has led to this nadir in the share price, and that their mal-intent on this board to hurt those who dare speak against the company will not be tolerated. I seriously doubt follow-through after a tete-a-tete with those individuals - they seem like they are capable of understanding their place in the world is of a low standing.

Except for ITTR. His negative tweets are the reason the share price has plunged, obviously. I miss the days of his bets we would hit like $40 CAD by early this past year. Amazing stuff.

POET can be fixed. This share price drop will not be forever. But it is not over yet and nobody is buying. Nobody is really selling either, but its still enough because this is how POET has chosen to manage the company...unable to back up statements with evidenced action.

The absurd amount of options awarded to the CFO for yet another year of failing to realize shareholder value via price should be taken away.

They are not deserved. 

Honesty is the best policy. Does that make me an armchair quarterback?

Is anyone on this board honestly happy with the share price? If not, don't you want the company to fix it? Who will you ask?

Should we continue to wait? Most of us have no choice now. In the meantime, prepare for dilution via the ATM at prices that are absolutely criminal.

Please, investors, make yourselves heard to protect our shared investments.

If you think this message is going to hurt our shareprice, you are wrong. It is not powerful enough to do that. 

The forces at play on this stock are self-imposed by management's decisions. Up to and including the consistent defence of key roles in which individuals are clearly struggling.

If I could, I would suggest we should all band together to buy shares and lift us back up but that is illegal and unethical. 

But the opposite is basically happening and is legal, and basically sanctioned due to the ATM."

 

 

Share
New Message
Please login to post a reply