Sipho,

Whilst I find it fascinating to listen the various discussions on the finance issues as an aid to understanding, and perfectly fair that anyone holds an opinion on whether what emerges is fair or or not, It upsets me to hear you using terms like 'getting knifed in the back' or winging about lost opportunity cost and seven year waits, which are surely factors that affects us all and simply the reality that must be faced by anyone investing in high risk venture capital.  

Failing to address the need to raise capital would be disastrous for POET in this pre revenue phase of development.  Securing finance places TM, to some degree, at the mercy of the money markets and dependent on the vagaries of who and what is available at any given moment in time and the strength of POETs offering at that time.  Arm chair CFOs simply do not face the same pressures of negotiation in these matters, have any knowledge of the opportunity faced or the cost benefit analysis.

Thus I find the phrase 'stabbed in the back' totally over egged particularly when in the last week the value of my holding doubled.  In one's imagination one can always devise better or more lucrative scenarios yes, but stay real please, us longs are looking to do very well out of this.

 That Mr big bucks always gets his share is simply part of the package we signed up to as high risk venture capitalalists.  The influx of capital and willingness for names to invest only adds to the sense of opportunity that POET presents and clearly the good news is spreading.  All is good and well in planet POET.

sula