If there is any delay compared with prior years it might be to align our MD&A with the recent 20-F filed down south.

Our MD&As have been cut and paste jobs for a while, but I don't think it would be passable to do it this way after the 20-F. For example, the MD&A's filed at SEDAR would often suggest that we are still actively seeking SBIR funding. The 20-F made it clear that POET is trying to reduce reliance on such things.

My guess is that the next MD&A will look lots like the 20-F and this may take time...