Not sure why some investor's memories are so short. Is it by choice? lol
The $1 Billion value placed on POET had to be retracted by OPL and they issued a news release to that effect March 10, 2011.
I don't know why the company guys here like to make things up, but that is what they are doing, and it's giving me second thoughts about this investment. At least for the moment. Not sure I'm as confident on holding OPL shares as I was prior to hearing all the fluff from the Toronto meeting on this board. JMO
From March 10, 2011:
OPEL Solar Confirms No New Material Information
Shelton, Ct. March 10, 2011
OPEL Solar International Inc. (“OPEL” or “the Company”) announced today at the request of the IIROC Market Surveillance a general statement with respect to the large increase in volume of shares traded this past week. The Company previously announced being in receipt of a third party valuation of intellectual property developed by its U.S. affiliate, ODIS Inc. Since that announcement, the Company is aware that OPEL share trading has been robust. The Company would like to officially state that since the ODIS valuation press release of March 2, 2011, there has been no new material information regarding ODIS Inc. and the POET Technology. In addition to the press release on ODIS Inc., OPEL hosted a public conference call held on Friday, March 4, 2011 to discuss the valuation, strategic alternatives and the POET technology. A replay of the call is available on the OPEL website in the Investor Relations section. OPEL will update the public when there is new information to report under full disclosure requirements.
It is important to note that a third party valuation is not an indication of interest by any party, nor does it represent an actual offer to purchase the POET intellectual property. As indicated in the report, the POET Technology is still under development, and no assurances can be given that such development will be successfully completed, that the technology will be brought to commercial realization or that the Company's target markets will adopt this technology. Commercial applications of the technology will likely not be available for several years, if ever