Nearly three years ago the expectation to sell POET IP was a clearly stated management intention and presumably the purpose of the two Pelligrino valuation reports. This created a disconnect with reality in shareholder perception. Quick returns were thought probable rather than face the hard fact that the road to commercialise would take time. So far it looks as if three to four years are necessary.

I can understand why Geoffrey Taylor would call this policy 'half baked'.

Fortunately things have changed. The POET process has been proved capable of mass manufacturer, a credible and experienced management team has seen the potential of POET IP and applied their energy to bring POET IP to a data communications market voracious for the benefits POET offers.

POET Technologies Inc is now a pre revenue company and today's CC will I expect provide sufficient granularity to POET'S story to demonstrate that we are no longer a half baked venture capital investment opportunity but a serious investment opportunity for commercial platinum investment funds.

The cherry on the cake will be first revenues which logically means deals. Today it may be possible for the PTI'S CEO to provide at least a prediction of what revenue FROM POET VCSEL sales might be once production begins.

I wonder how well Dr Taylor thinks his new recipe secret sauce cake is cooked?

sula