One of the interesting aspects of this board is the occasional but always positive comment from those who have attended the POET AGMs and presentations. Today I listened to the 3 Part Presentation, posted by FJ on Youtube, of almost a year ago, and was very happy that a year on from the presentations they have delivered on what they proposed, well almost!

One thing that surprised me, was when a comment from the audience, asking if POET was a billion dollar business, produced a supportive answer from the speaker but a response which left me thinking that things surely have changed since then. The regeneration of the Pellegrino report announced this week is much needed in my mind if shareholders, Dr Taylor’s team’s creation and significant Management efforts are to obtain full value from this investment. The Chairman’s response was I think far too conservative.

The IT world has moved on since the presentation and its quite clear that companies of the ilk of INTEL have now realised that the end of Moore’s law truly is upon them. The demands of IT to support for the ‘Cloud’, the ‘Internet of Things’ and the ramping up of ever greater dependence on the Internet for communications has changed POETs potential in this year. This coupled with the fact that post ‘World Recession’ many companies coffers are full and currently they have the means to purchase into their future. We have talked before on this board of the ‘perfect storm’ which is brewing. We all instinctively know that something big is afoot which must have an exponential effect on the value of POET.

Surely this is not a billion pound business, it is a Multi Billion pound business and Pellegrino Associates had better sharpen their pencils and managment their appreciation of just what it is they are managing.