Rainer you make a good point BUT as we all know things (strategy) do/does change as we have seen with the arrival of other new executives who have new ideas and connections that can be used to leverage POET's technology. They have changed the priority and the go to market strategy. One good reason could be to protect their initial run of VCSEL to ensure that it is manufactured properly, on time and at the right cost. Also they have a new paradigm with the new owner that could create unacceptable risks regarding their technology.

Also please note I was only GUESSING I was saying that this was a high probability but rather trying to understand what has been going on. Closing based on the schedule in SEC prospectus is supposed to be Dec 23 if it stays with GaAs. If not closing coulld be farther out.