
$POET POET gives Lumilens $30m in EQUITY profit for a $50m purchase order and POET bulls are rejoicing? Shares are completely exercisable today (warrant to buy POET at $8.2 / share, currently trading closer to $22 / share) for a $50m purchase order? They get more rights to buy POET at $8.2 a share so as long as they purchase more. They already received a $30m discount on their initial purchase order. How much of a discount will they receive on future orders if POET is trading at 30, 40, 50+? How is this bullish for POET when they gave a MAJOR dilution discount in order to secure some business? Compare that with $IREN working with Nvidia, but only giving a warrant for a strike price higher than currently trading ($70 strike.)
























