Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: The Espresso Agreement and Andech1's comments.

I just want to reaffirm that the Convertible debenture agreement with Espresso has two components. Poet can issue tranches up to $14 million is my understanding. So I think it is really up to Poet to decide how often an how much it needs to raise money that way.  The second component is the credit facility with Espresso for about $5 million. The way posting has been going on yesterday is that Poet is short a few hundred thousand dollars, so therefore, the interest rate would go up. Maybe people are conflating target money amounts about this convenant Poet has with Espresso? I look forward to hearing comments about that.

Andech1, you also mentioned knowledge that the 4th tranche might be small. I think you posted that before, but I do not recall when. If Poet doesn't need all of the targeted money issuing tranches, then in the long run that means a lesser amount of additional share dilution by those whom convert to stock. So the news might be good, so far, that Poet has the funding it needs absent of the sale of Denselight to the target selling date of that company.

Monolithic

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