Adoption of a Shareholder Rights Plan (SRP) - The Company will be structuring a special SRP to protect the potential value of the company, for all shareholders, during the period where discussions with potential partners may be taking place regarding PDA-related agreements, and as progress on the 100NM project continues.
Mr. Copetti added, "While the new feature-size milestone is a challenge given our commitment to projects in our delivery pipeline, I believe the POET team is more than capable of achieving this goal.
Drive for Reduction of Feature Size to 100-nm Range (100NM) - The Company will re-prioritize its technical roadmap by introducing specific milestones associated with reducing feature size from the sub-micron to the 100-nm range in scale, targeting 4Q2013 for that milestone
I don't know about you guys, but I'm not just looking at the gameplan they've layed out.....I'm also wondering what happened to cause it?
What would make the company suddenly make their main focus the feature size? Is it because they decided they wanted smaller chips to hand out to prospective buyers/licencees? Does that sound right to you? To me this sounds an awful lot like they got some interested company who said something along the lines of "this is great, but can you get the same or better performance at a smaller size?"
On top of this they suddenly are concerned about a shareholder rights plan? When the commercialization wasn't supposed to happen until next year?...........Hmmmm.......I'm no rocket surgeon.....errr...I mean, brain scientist.....but all of this seems to reak of the company reacting to a suitors demands/requests..................yes/no?
MC
