Pinetree Capital CEO and POET insider Sheldon Inwentash has made numerous purchases of the stock in the open market in recent weeks, and has added to Pinetree’s position. On April 7th alone, Inwentash bought 275,000 shares of the company and Pinetree Capital another 100,000.
As of February 13th, Pinetree owned more than 11% of all outstanding shares of POET Technologies. Not surprisingly, the company recently announced that Pinetree VP Richard Patricio will be proposed as a nominee to its board in June.
Founded in 2000, Toronto-based POET Technologies, formerly known as OPEL Technologies, shed its solar business in 2012 to focus on its core asset, a semiconductor fabrication process called POET. POET, an acronym for Planar Opto Electronic Technology, is technology management says can deliver semiconductor operating frequencies of up to 100 gigahertz and lower heat losses with greater reliability and a lower total system cost. The company currently owns 34 patents and has seven more pending.
At press time, shares of POET Technologies were up 11.3% to $2.27.
Following the company's fourth quarter results, Eight Capital analyst Kiran Sritharan has maintained his "Buy" rating on Sabio Holdings (Sabio… [Read More]
He feels the company made forward progress in its recent quarterly results, but Roth MKM analyst Rohit Kulkarni wants to… [Read More]
Following the company's first quarter results, Desjardins analyst Benoit Poirier has raised his price target on Bombardier (Bombardier Stock Quote,… [Read More]
With the integration of Shaw Communications underway, RBC analyst Drew McReynolds says Rogers Communications (Rogers Communications Stock Quote, Chart, News,… [Read More]
Following fourth quarter results he describes as "stronger than expected", Beacon Securities analyst Russell Stanley has raised his price target… [Read More]
Ahead if its first quarter results, Citi analyst Filippo Falorni says there is not much to like about Molson Coors… [Read More]