Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: I wish I could be more positive but.....

the NR noted below provided the following:

New Communications and Disclosure Policy

In an effort to keep all stockholders informed on a regular basis, and to conform to fair disclosure regulations in both Canada and the United States, the Company intends to communicate primarily through written business updates on a periodic basis, at least semi-annually, and to publish supplemental press releases as needed for the broad and timely dissemination of meaningful interim developments. The Company intends to adhere strictly to this policy for the benefit of all stockholders.

Commenting on the newly adopted policy, Thomas Mika, recently appointed Chief Financial Officer of POET Technologies, stated: “Over the past several months, the number of inquiries from stockholders and others that the Company and its Investor Relations firm, the Shelton Group, has received has risen dramatically.  We recognize the importance in demonstrating progress to shareholders and interested investors, however, development activities in a technology-based company are not deterministic and outcomes cannot be readily predicted, timed or guaranteed. Evaluating technical progress often requires nuanced explanation or detailed engineering knowledge.  Providing detail on confidential technical, strategic and sales efforts can inadvertently benefit potential competitors, and so the Company will refrain from answering such inquiries. Although we have encountered a number of challenges during the course of 2016, we have also made and continue to make meaningful progress on technology development and business objectives.  We ask for your understanding, cooperation and support for the new communications and disclosure policy that we are announcing today.”

  1. It is stated that the intent is to keep all stockholders informed on a regular basis
  2. It further defines that a regular basis occurs with meaningful developments or periodic/semi-annual updates as required effectively by regulation.
  3. And lastly, it suggests that the intent of the policy is for the benefit of all stockholders.

Firstly let me advise that I continue to hold my shares closely with an exit strategy that currently sits well beyond our current SP.

What bothers me with some of this verbage is how on earth does this policy serve to benefit all stockholders. I'm not and I suspect most everyone is not expecting weekly updates but it is becoming very, very painful to the point where questioning the ability of the company to successfully optimize the first POET product comes to the fore.

Suggesting that periodic updates will occur with meaningful developments would indicate to me that nothing meaningful has occured since this NR with the exception of the product announcements earlier in 2017. Having said that, it doesn't mean that nothing is happening but it's been quite some time since an update was provided on the POET development side of the business and this is becoming a concern.

While management may have seen the BB/DL product disclosure as meaningful I think its fair to say the market thought otherwise and, is only interested in meaningful development of the POET platform and specifically the fully operational VCSEL.

Masking the rationale for the policy under the guise of 'cloak and daggar' and not wanting to potentially tip off competition to me is just fluff. Is management suggesting that there is no value in the patents that have been granted to protect its' IP, are they suggesting that the entire industry knows nothing about what they are doing?

Regrettably, I am now fully convinced that management cares not about it's shareholder base by virtue of their actions. I know many others share this same position which is truly disappointing. While a disclosure of its' VCSEL prototype will in some way assist in shareholder perception, management has a long, long way to go in demonstrating they possess what it takes to establish this company as a legitimate contender for industry and market respect.

Rant for the day complete !!

 

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