FJ, in your response to me, you said: "If even half of my understanding of how this technology will be applied is correct this industry is heading for a major change in how optical integration is achieved lead by Suresh’s vision."
Hey, it's the other half of your understanding that worries me! ;)
Of course my first reaction is to the trade - that's where my experience lies, not with the tech. For that, I have relied on you and many, many others to draw overall impressions.
I'm becoming more convinced that Suresh realized our initial direction was going to hit a major roadblock, perhaps shortly after Ajit's comment regarding "weeks, not months." There may have been tech promises and assurances given that were not able to be realized, and I can fully understand that, given the years and years of work put in. And of course, I don't feel that all the work and brilliance was wasted, not at all, but it just wasn't going to work out financially for a one trick (tech) pony.
How Suresh was able to bring in Ring and Rodriguez for the price that he did certainly is looking more and more each day like a brilliant move.
By the way, MOU and Letter of Intent - forget about the name of such things, it's what's in the document that counts. Either can be binding, or not, or parts can be binding, like someone astutely pointed out.
In my mind, POET deserves a higher market cap just based on what we have now, with the MOU possibly being the centerpiece. It's still all about potential, and that potential should at least keep us at this level, and really should send us higher. Now if our tech "qualifies" and a full agreement is reached, that will be even a larger "watershed moment."
I'm really happy with the way things are working out, and I like won't sell a share until maybe .90 US? Take a wee bit off the table? Maybe?