I don't think the market has given a fair shake to our relationship with BAE. Everyone is looking for revenue of course, but what if BAE is giving Poet a revenue-equivalent deal such as providing "free" fabrication resources and development time, in exchange for deferring any actual payments to Poet until such time commerciality can be declared?

In other words, how much would it have cost Poet to pay BAE to use their resources (manufacturing and personnel) if they did not have any existing long term relationship? To me that is equivalent to revenue, not from a strict accounting perspective, but from a practical perspective.

All of this costs money, and if BAE isn't demanding it up front, and we are not doing a quid pro quo as well, then this would explain the silence.