Wolfpack Research short Poet, says investors ‘exposed to IRS tax nightmare’

Wolfpack Research is short Poet Technologies (POET), saying that it is “not just because it’s a stock promote that has jumped on every hot topic and then pulled away the football. We believe US investors who bought in are exposed to an IRS tax nightmare because it appears to qualify as a Passive Foreign Investment Company (PFIC) – those who fail to timely file special forms BY TOMORROW could pay the highest marginal rates and punitive compounding interest. Management knows this and hasn’t been straight with US holders.”