Latest from poetmmc (Agoracom)
I believe the share price (and market cap) have remained low over the past 9-12 months for a very clear reason, and it is not due to mismanagement.
It all has to do with the issues at SPX and the shift to 800/1.6 from 100-400G.
The company has made tremendous progress in laying the foundation for commercialization (manufacturing facilities, partnerships, technology development), but the timeline required for validation delays revenue recognition - even as the company (and some of us) are confident that the business is moving in the right direction.
The market wants to see revenue. And, this will come. But, from the time early last year that partnerships were announced to today, there has been no revenue. So, the market is going to sit back and watch and wait. (I would say that this past year has been "a buying opportunity", but I would likely get death threats.. LOL)
It's going to explode. No matter what we discuss and debate on this forum, no matter what information we dig up and contemplate, the POET sp is going to shoot up shoot up as orders, shipments, and revenue is announced. We are witnessing the evolution of a valuable company - most Reddit and Stocktwits readers are simply looking for a daily pop with no real understanding of what is being built.
I liked $7.59 much more than I like $5.5, but it doesn't bother me because I understand where this is going.
And, it's going a LOT higher than $7.59. |
