Dear GermanForum,

I believe the company HAS said everything is on track.  In fact, this statement from the financial report not only says "we are on track" (which could be perceived as vague), but it states the accomplishments and plan specifically (with the comment "we are confident"):

“The third quarter of 2023 has been particularly intensive with prospect meetings following CIOE, continued support of customers with module design and qualification, and our financing efforts” said Dr. Suresh Venkatesan, Chairman & CEO. “Supporting module design and assembly for optical engine customers in China has been the principal focus of much of our engineering resources, but soon those efforts will be behind us, and we can look forward to SPX fulfilling production orders with expanded capacity. In the US, we are sharply focused on the market for Artificial Intelligence hardware, which encompasses both leading-edge, high-speed 800G and 1.6T transceivers, and light sources for disaggregated network architectures in AI. These two market segments are expected to yield direct revenue to POET in the form of NRE for custom designs, sampling and initial module production, particularly in light sources for AI. We are confident in POET’s value proposition and competitive advantage in these market segments, especially in pluggables at 1.6T and 3.2T, high-performance light sources for light-enabled data transmission in AI servers, and for co-packaged optics. 2024 should set the stage for what we expect will be accelerated growth in 2025 and 2026, driven by a large projected demand in high-speed transceivers for AI, combined with our innovative product introduction roadmap.”

I agree that POET has done a very poor job closing this financing round and communicating with shareholders about the process.  The drop in sp is a result of this.  But the company is on track, and when the financing closes the sp value will raise again IMO.