Margin Call Pressure Done

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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POET 2020

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Margin Call Pressure Done

posted on Nov 03, 2023 04:23PM

Yesterday and today there was a lot of Margin Call selling pressure

In Canada most banks offering Margin on Poet have a $3 threshold.

Below $3 Margin is cancelled and called in and must be settled within 24hrs.

So that pressure is now done.

So looks like the financing price will be set on Monday or Tuesday.

The banks will get their base at a bargain price, Poet will get the money then we move on.

That's the hard reality in a very tough, tight financial market.

Hopefully we get a big name in the financing ..... that would be great to burn the shorts.