Re: What is the $5 million for?

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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dash8400

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Re: What is the $5 million for?

in response to

What is the $5 million for?

fairchij

posted on Feb 02, 2014 01:57PM

I'll drink to that, bbbbut......if we were close, or at, a deal with BAE, would we still need the PP cash?

Apparently yes, to be used as the PP stated:

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.

So a deal with BAE is still some calendar distance away, or the first cheque from them is, at least.