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POET Technologies Inc (NASDAQ:POET) shares climbed on Wednesday. The move extends a recovery following a recent short-seller report from Wolfpack Research.
The Nasdaq is up 0.83% while the S&P 500 has gained 0.74%.
CFO Calls Claims A ‘Nothing Burger’
Executive leadership is fighting back against bearish allegations. POET CFO Thomas Mika addressed claims regarding the company’s Passive Foreign Investment Company status.
Mika told Stocktwits the warning was a “big nothing burger.” He noted the company is in a net loss position, meaning U.S. shareholders have nothing to declare.
Mika called short sellers “maggots” during his discussion. He accused the firm of timing the report to create anxiety before Tax Day.
POET also, for …
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