May. 16 at 4:39 PM
$POET It is entirely possible the
$400,000,000 private offering could actually be a hyscaler, which can also be classified as institutional. Investor "Google it" Which, if so is an extraordinary bullish signal and massive strategic validation. The purchase price is
$21 and that actual day of trading closed at
$20.54. Institutional investors rarely pay a premium for massive blocks of shares unless they are incredibly confident that the current valuation is justified and poised to go higher. "When an investor is also the primary customer, it is known as a strategic corporate investment or a vertical partnership" Bullish AF