Hello, during the "slow times", it may be good to have a reminder from the July 8 Midas Letter (this kind of stuff keeps me grounded):

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POET Technologies Inc. (TSX.V:PTK) recruitment of Ajit Manocha, former head of Global Foundries, itself a spin-out from AMD Micro Devices (NYSE:AMD) is highly indicative of the value contained in POET. For such an industry heavyweight to joint the Board of Directors in and executive capacity speaks volumes as to how the company’s opto-planar technology platform is being perceived by the integrated microchip industry.

Ajit: “POET promises tremendous potential to the semiconductor industry as a next-generation technology,” he said “I am looking forward to being part of the POET Team and especially working directly with Mr. Copetti on building shareholder value.”

Interim CEO Peter Copetti has been jetting around the planet relentlessly over the last year, with trips including one to Taiwan (hmmmm…not the Taiwan where Taiwan Semiconductor(NYSE:TSM) lives?!). Now with former Global Foundries chief executive aboard with a mandate to actively strategize joint ventures, partnerships, and most importantly for the company’s bottom line, those third party licensing deals to chip foundries, the momentum of POET technologies is about to officially resume.

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That was July, I wonder where things are at these days? We should find out soon, when exactly we do not know. Soon (like tomorrow) I hope!

For those shorting this stock, I would recommend an asbestos suit, although there are inherent dangers with asbestos, it would be a lesser evil than blazing in flames.

Good luck all (non shorts)!!!

Quan