POET glooms,

You will have heard that buying during panics makes sense.

I have practical experience of this with PTK when after my initial purchase of my 5,000 OPL shares was at $C 1.63, just after first Pelligrino Report peak, I was then most fortunate to hit the bottom of the curve by buying 25,000 PTK shares at a snip of $C 0.23 per shareduring a panicky rush get out trough that followed the Pelligrino high. That was not I accept quite like the minor blip I suspect this current dip will be and an altogether better opportunity. I also had some good luck with a British house building firm Barratt's whose shares dropped to a ridiculous level during the financial crisis when in fact they were sitting pretty as they owned significant areas of prime building land. They thenbounced back 10 fold within a year. The Buffet theory works. I have many failures but the only successes I can point too have been following Warren Buffet advice of buying low and selling high ie. move when the crowd are doing the reverse.

So apart from a drop in SP who can point to one fact that would say that PTI fundementals are worse than they were at the last price peak. In fact there are a couple of recent positive indicators. Let me point to the issue of the new Patent for the POET process, the stirrings in the companies financial structure that we've recently seen and the fact that we have not even yet reached the deadline for a promised earnings call in early Q4. Which has every indication of being positive. Albeit that waiting demands a just little more patience, surely there are sufficient PTK positives to make the selling counter intuitive at the moment. This panic is just the equivalent of fear of the dark or the unknown with no rational rhyme or reason and that the SH talk that spreads here is just farting into the winds of progress.

In old battles if you turned and run in panic you put yourself in grave danger of some dragoon riding you down and sword slicing you apart from nap to navel. Perhaps its time to consider whether your temperament is suited for venture capital if you cannot stand firm and face the enemy fear, then its time to accept that you alone made the big mistake by investing in PTK for what was inevitably going to be a bumpy ride. I therefore really don’t think that pessimism re PTK has anything to do with management actions or the lack of them but more to do with cognitive dissonance and irrational fear. Such is investment life perhaps

sula