Regarding PTI's Q3 Financials

See  Section 7 - notes on the Condensed Consolidated  Financial Statements under Property and Equipment the entry for additions to Machinery and equipment includes the amount of $US 8,498,051

http://www.poetsechnologies.com/docs/financials/2017/Interim%20Financials_September%2030%202017.pdf

We have carefully followed the recruitment of engineers and staff at Denselight and here surely in the above figure is convincing  evidence of  the ramp up that Shash reported following her visit to Changi. 

The evidence is that this is a company making clear preparations for production.  Preparations which will take place within a structured project plan, expedited over a time frame that will lead to sales and revenue.  The forecasts we have had sight of are necessarily conservative and their timing is realistic. These have been circulated amongst potential investors who have the capacity to lift the SP when they detect the signals that will stimulated them to invest.    What signal might that be? evidence of  contracts to supply customers perhaps! which would emerge follow their sampling of new products on offer and provided these product perform to specification and achieve the cost benefits expected

No one is comfortable with a SP which no doubt still lags due to the horrors of a poorly managed Public Offering coupled with the rational that more capital may be required, but there is an income plan where the  timings are crucial, which seems to me to be the principle risk to success at present.  The rational to stay invested is strong and I suspect many are sitting on the side lines waiting for the right signals.  When they happen progress of the SP could be rapid which is why remaining long has its benefits.

Finally, I am encouraged by the following statement from the MD&A.

'Our vision is to become a global leader in photonics by deploying both monolithic and hybrid approaches to the integration of photonics devices into a wide variety of vertical market applications'.

I strongly feel that selling the dream of the ubiquitous possibilities of POET is under played  but then until we have a product that demonstrates that claim in at least one instance who will believe as we did in the past.   However, I feel content that all that potential that existed in POETs early beginnings remains.  Pursuing ones dream, despite set backs, is an essential success factor to the entrepreneurial nature of PTI's success.  Thankfully Suresh Venkatsen appears to be holding his nerve.

Sula