Correct me if I'm wrong but did $POET
1. CFO breaks NDA, stock falls of the cliff
2. Sudden miracle of a 50M purchase order +70%
3. Issues shares at the high of $20 after pumping it up. Dilutes shareholders
4. Back down to $14 (trading same price as before 50M PO
NEWS: $POET Announces Closing of US$400 Million Investment
“We are in the process of expanding our capacity by roughly ten-fold in both wafer production and optical engine assembly in order to support a transition to higher volume manufacturing into 2027,” said Chairman & CEO Dr. Suresh Venkatesan.
Everyone repeat after me…
“Options on a 13F are reported with notional value as if each contract was 100 shares regardless of the actual delta of the contract”
Maybe we can avoid this next quarter (we won’t).