Post by Deleted on Feb 16, 2024 14:32:24 GMT 1
Hmm. Den Artikel habe ich auch mit Spannung gelesen.
Beim letzten Hauptpunkt hat der Verfasser definitv Recht: Considering the technological potential, the stock appears cheap and has multi-bagger potential but the company needs to strengthen its cash position while keeping dilution at acceptable levels
Und dann fehlt mir persönlich noch der Hinweis darauf, dass die Umsatzerwartungen noch aktualisiert werden sollten in der Hoffnung, dass der Umsatz der nächsten 3 Jahre so hoch ist, dass der Gewinn den Ausgaben überwiegt. Bin echt mal gespannt, ob POET noch was im Zauberhut hat und doch noch sprungartig seinen Umsatz erhöhen kann.
Es ist KI Hype Time. Jetzt sollte POET langsam aus den Puschen kommen. Es wäre ab jetzt ideal.
Tatsächlich könnte man meinen, dass der Author des Artikels noch eine kleine Rechnung mit POET offen hat/hatte, wenn man sich das hier mal genauer durchließt:
Consistent funding issues
Like I just hinted, POET is doing quite well now regarding its technology and commercialization efforts. Yet its latest funding efforts are nothing less but catastrophic. The funding risk to POET's business is so substantial that I feel to have to address it separately. Even in general, the company has a remarkable track record of capital raises at horrible conditions accompanied by crashing share prices, reaching back to 2015/16 and with the latest example being the public offering announced on November 1st 2023. After already being at depressed levels, the management announced the capital raise in my opinion clearly too late as the company was almost out of cash. The share price dropped by about 50% within days of the announcement and the offering closed at a third of the pre-announcement price in the end.
Like I just hinted, POET is doing quite well now regarding its technology and commercialization efforts. Yet its latest funding efforts are nothing less but catastrophic. The funding risk to POET's business is so substantial that I feel to have to address it separately. Even in general, the company has a remarkable track record of capital raises at horrible conditions accompanied by crashing share prices, reaching back to 2015/16 and with the latest example being the public offering announced on November 1st 2023. After already being at depressed levels, the management announced the capital raise in my opinion clearly too late as the company was almost out of cash. The share price dropped by about 50% within days of the announcement and the offering closed at a third of the pre-announcement price in the end.
The worst thing about all this is that due to the low closing, POET did not even generate a lot of money (about a fifth of the intended amount) and announced a follow-up private placement the week after, which was supposed to close on January 15th. One day later, the company provided an update and announced "success", saying it had received agreements for 87% of the intended amount and extended the closing to January 24th. In the end at least, POET managed to secure $4.6 million and thus more than the intended amount of $3.7 million. Additionally, insiders used the offering to show trust in the business and subscribed for an aggregate of 358,583 units and gross proceeds of $322,725 (all US-Dollars).
However, even if POET keeps its cash burn stable at about $3.5 million per quarter, all of this trouble only extends the remaining runway until maybe June 2024. As sales from SPX might not run up quickly enough, POET will probably still be facing further capital measures or prefer to sell part of its SPX stake (according to POET's shareholder presentation, Chinese PE firms have expressed strong interest in partial SPX ownership).
However, even if POET keeps its cash burn stable at about $3.5 million per quarter, all of this trouble only extends the remaining runway until maybe June 2024. As sales from SPX might not run up quickly enough, POET will probably still be facing further capital measures or prefer to sell part of its SPX stake (according to POET's shareholder presentation, Chinese PE firms have expressed strong interest in partial SPX ownership).
Hand aufs Herz: Wer den Artikel ließt kann nach dem Lesen ja mal eine Risikoeinschätzung abschließen für das Invest. Örgendwas um die 12 von 10 oder so 
Ach komm Spaß bei Seite. Der Artikel ist einfach mal ehrlich.
Ach komm Spaß bei Seite. Der Artikel ist einfach mal ehrlich. 
