One of the guys said they had a call in February to discuss investment and the recent presentation that POET had. During that discussion they were not impressed with what they had been told - asindicated in earlier post POET may not have been in a position to disclose any further information in such a call

Main point the guys I know make is that for them to invest Bay Street needs to be confident that there is a reasonable likeihood that the product can get to market and be sold at a profit. You may have a great product but if you don't have the capability or reasonable likelihood of getting it to market you may not be able to get the $$$ or you run out of money before you can get the deals done.