I would like to think that the appointment of an  FCO will illiminate the apparent ineptitude of the last PO. I believe that the intention of management was always  to ŕeach commercialisation of POET within budget through their aquisitions but Denselight proved to be a greater financial cost to ramp up than anticipated hence the rushed PO.

My point is that management is trying to tread a very fine line to avoid PO but understandably must retain that tool in their armoury.  

We can only guess at how effective cash flow planning is progressing and hopefully the AGM will deal with these concerns as it's certainly not an issue they are not going to bycpass at the meeting. That is  unless they have some good news to offer us on NRE payments by then. 

Whilst Aves wishe's shadenfreud on FJ's predictions I support FJ's logic that something is coming down the income pipeline.

Sula