I agree as well, but I don't see that as possible with this statement:

"The proceeds will be used to fund the Company's internal and third party development efforts necessary to complete the milestones required to enable the monetization of the POET Technology. The proceeds will also cover general and administrative expenses, and working capital."

Besides, you keep saying POET is worth between $50-100/sh. and Dr. Taylor has something like 8 MM shares.....I think he'll survive on the $400M, worst case scenario, if he even cares.

That being said, the words were spoken, not written, at the last AGM and therefore have no disclaimer attached to them.

Things have changed since the last AGM; monetization is out, PDA's are in, and apparently, the company needs more money to make this happen.

It's what I wanted all along, cash for life, and have stated it here before.

You can cut it any way you want Andrea, but they said one thing and did another based on circumstances that evolved of the course of the year.

Based on the facts, they lied. They could have been much more forthcoming with information to the shareholders; they were not, although it could be argued they did tell us in a disguised fashion. Nevertheless, they did what they felt they had to and I hope to be at the next AGM to have a discussion about it.

This horse is flogged.