I think most of us have got the memo. The .52 warrant holders brought down the share price for the .36 R&R financing by shorting the stock. Now years later the stock has recover to the existing price which they will sell into. They have plenty of time so they just have those big walls we see every day. Buyers do not see a need to rush and are waiting for the price to drop but we have not seen that happen because those warrant holders appear to be satisfied to wait until the news cycle catches up. That is why the momentum associated with the Sanan IC JV announcement was crushed. That announcement is a really big deal and is the most significant news issued in POET’s history.  But when the covered shorts (the warrant holders) killed the run we have the situation we have right now. The evidence (short position versus outstanding share count) was pretty clear. They shorted then covered by exercising a portion of those warrants. Management are furious about this. They want the option pool increased so I think they have other cards that they hope to play in time to get those warrants exercised before the AGM. I am sure they are doing what they can to address this situation.      

Sanan IC is massive.

About Sanan IC
Sanan Integrated Circuit Co., Ltd. (Sanan IC) is China’s first 6-inch compound semiconductor wafer foundry, serving the microelectronics and photonics markets worldwide. The company was founded in 2014 and is based in Xiamen City in the Fujian Province of China, operating as a subsidiary of Sanan Optoelectronics Co., Ltd. (SSE: 600703). The company develops and provides GaAs, GaN, SiC, and InP foundry services with its state-of-the-art III-V compound semiconductor fabrication facilities. Certified to the ISO9001 international quality standard, ISO14001 environmental management standard, and IATF 16949:2016 Automotive Quality Management System (QMS) standard, Sanan IC empowers the global community of RF, millimeter wave, filter, power electronics, and optical communications markets with its advanced process technology platform. Sanan IC is Dedicated to Driving Compound Semiconductor Innovation. For more information, visit www.sanan-ic.com/en.