Dear POET friends,

I write to challenge last week’s whining about management and lack of news which continues.

I find it curious that lack of news from the company translates into indignant comments from the armchair poet management team on this board. This talk is petulant and unnecessary. May I ask whether it has occurred to the glums here, that the most probable scenario and principle reason why there's silence is that the real management team are very busy doing the very deals that will eventually put smiles on grumpy faces.

The 'this company had better start performing brigade' had best realise that secrecy is an emerging tech company's best friend, from both a technological and business development point of view. Shareholder's desire to know all is understandable, but it is potentially dangerous if all the treats of POET IP are not to be given away to greedy grabbers. I say that it is logical that GT's hard work, and managements' hard graft to cut the deals, needs protecting, additionally the process of engaging partners and deals needs protecting from the glare of publicity that the glums crave.

Surely, investing in any company involves trust and I don’t find the delays in the business process or in technological development is at all surprising, it’s what happens in development projects of this complexity which I have experienced in the British Military. There is a great saying in the Army:

‘no plan survives the first contact with the enemy’.

In any complex operation things happen which were not foreseen despite the best of plans.The best reaction is to change and adapt – but do it quickly.Can we really expect, given the rawness of POET technology and the vast potential interest, that our management and their lawyers are not busting a gut to make this work for us.

I have said this here before, but the deliberate, careful and over cautious approach of our management is actually a sign of their competence. They are not worthy of the stoning many here aim at them in a most petulant, impatient, unthinking manner simply to satisfy their intolerant need for demand feeding of NR.

I believe that all the signs are that management is currently actively engaged with third parties in matters which are delicately balanced and aimed to secure the monetisation they have promised. We should consider what is really in share-holders best interest from the management's point of view after all it is they who are far better placed in the bright lights of knowledge and the full heat from the furnace of their industry than are the many armchair directors here.

The truth is that signing up to POET is an act of trust in the management’s competence and if anyone is dissatisfied with that, logic dictates that you should sell you shares – which you won’t, because you, like me, suspect that this opportunity is the greatest financial opportunity you are ever likely to have.

Nanny knows best!

regards,

Sula