Good letter, lumenge, and clearly the way to go rather than the nuclear or near nuclear options thrown around here a few days ago.  I think Rick the Vet has shareholder interests very much at heart, but I believe the response he supports is far too harsh.  I think it would fuel any desire to take the company private and get rid of the "unsophisticated" shareholders.

And while I believe many here are unsophisticated shareholders (not necessarily RTV), many of those same people are quite sophisticated tech-wise.  

Is current Poet management really up to no good?  What an interesting coincidence that would be, given our past, where I'm confident at least one of our past CEO's was willing to do or say about anything in the hope of adding 20 cents to the share price.  Did his time to feed at the trough end and another scoundrel was allowed to take over?  Or perhaps neither Ajit nor Suresh was a scoundrel at the time they joined up, but quickly figured out with this "lame" technology, wool had to be pulled!  That was the only way to make a buck!

The above paragraph makes no sense to me whatsoever, but that's the way some apparently are viewing current management.  I continue to think that folk like FJ are too optimistic, but, hey, they could be right.  But too many rumors and too many stories just have turned out to be no where near factual.  I am pleased that has stopped to a great degree.  I'll cut Suresh plenty of slack for "up and to the right" - maybe said at a moment when things were really looking up.  But was he trying to pump the stock?  I doubt it, or he never would have talked about how long it would take for cash flow to turn positive (in the very same address to the townhall folk).

I've always felt it peculiar how people can come to such strong conclusions on matters that they can't possibly know (have all these people guessed right 90% of the time thus justifying their positions? LOL).  I understand rooting and betting one way or the other, but to come off as all-knowing, I just don't get that.  And a stock message boards is one of the last places one might look for an "all-knowing" individual, but one of the first places to look for someone who fancies himself/herself just that!  How many times do those type have to be wrong before reality hits them between the eyes?

I still plan to go to the AGM and I plan to listen and observe and see if I think management still seems to have confidence in what they are doing. After all, these people are scientists/engineers, not actors, so one should learn something just by observing.  Now, the IR people, I just assume those people are spinning, and that's what good ones can do, so I can't go by them at all.

I remain convinced our tech guys are up against it in the lab.  I remain convinced that we are still a ways off from something good enough to pull us convincingly out of the doldrums of the PO.  I must admit, that whole process was one of the worst money raises I've ever seen.  Like I said, those guys are scientists/engineers.  Investment bankers will run circles around them, especially when the need for money arises.