Re: Mika (Babaoriley)
in response to
by
posted on
Nov 25, 2018 03:14PM
No, Manocha was the bridge between old management and new management. He was basically an advisor and oversight but not hands-on. He was there to help guide POET should the GaAs be successful for commercialization at that time as he is an acclaimed expert in semi-conductor manufacturing. So he relied on what POET had on the table at that time to be near-ready to ready for commercialization. Also, he found Suresh and had a successful history with him to sort this out and move forward with something meaningful. The amount of hours and hard work that Suresh had put in is more than Ajit could do as a person in retirement (or lighter-duty mode) if you will. Did you ever consider that maybe Ajit Manocha was sold a bill of goods that GaAs would be ready and then it turned out that it was not? Regardless of what we think, Suresh was there to clean it up and get this company on track. Looking back, he has done an amazing job. Ajit can still provide his rolodex of experts whenever needed (as what was probably intended in the first place). What I have posted here is just my opinion of how I think things went down and changed towards what we have today.
We can stay stuck in the past and blame as blaming is one of the easiest things to do in this world. But creating and implementing something new is by far more challenging. So, lets just agree thjat Ajit Manocha was the turning point for this company. I know you will probably say well the share prices dropped under him, but more investment and subsequent dilution was required to fund this company's ambitions. So we could blame anyone for the sake of blaming. How about being grateful that Poet has something meaningful for the market and that it is also quite profitable too.
Monolithic