Before I posted this, I wanted to hear FJ's thoughts, and now I have.

Reiterating my mantra - this was and continues to be a speculative investment.  It was very, very speculative during the PC era and before, the $70 Club said it all - shares don't rise from a buck to $70 unless there is huge risk involved in getting there.

I've thought and posted for a long time that POET was having trouble meeting the POET goals that got us very excited in the first place.  Not easy to disrupt an industry with literally hundreds of thousands of incredibly bright minds and hundreds of billions of dollars.  We have a very slim (infinitesimal) share of those things.  We should always have been prepared for total failure and zero value, in our quest to make loads of cash. Many here somehow feel they're entited, well, guess what.

If it hadn't been for Suresh and team, we'd likely be in a lot bigger trouble business wise than we are.  Not saying the share price would be necessarily lower, but the business of the company would be in trouble.

I think Suresh and team saw fairly early on that the GaAs stuff might one day hunt, but that day was not going to be all that soon.  As they went through, like with anything else research oriented, there were some encouraging periods, but apparently, most were met with disappointment and frustration. 

Now, we could have continued down that avenue exclusively, and I'm thinking thank goodness we did not.  What management has done is repositioned us to a significant extent, and given us a second chance.  Management has worked hard on behalf of all shareholders and option holders.  Will their moves work out?  I don't know, but I do like what I saw in that presentation. 

Are we only eligible for the consolation prize?  I don't know, maybe.  But if we get some real revenue rolling in the next couple of years, it may not be so bad - we may well avoid the disaster this could otherwise be. 

You shoot for financial independence, fail, but make a few bucks, that's not the end of the world.  I do feel bad for people whose expectations were built up largely as a result of management's views and various posters who were overwhelmingly optimistic.  But it's kinda on them as well as anyone else. This investing thing, it can be treacherous.

Overall, I'm okay where we are now - businsss-wise.