Why is this straight-up gambling today, 'dude', when it wasn't before? If anything it's a much better deal now than ever before. $5 was a really good price for this, $4 was better, and $1.86 was a steal of a deal. You guys can S#!t on management and Serresh all you like. And you can call me a fool for believing him. But when he put this out this morning it was music to my ears. Yes, I respect the man and believe everything he says about Poet and where this company is headed. I also don't appreciate some of the messages I got from some people here. To some, I suggest you read what Suresh wrote this morning again and call him a liar if you want. I trust him and I believe him and put my money where my mouth is. 

   POET Provides Financial Update

Key financial data on an unaudited basis for the three and nine months ended September 30, 2023 are as follows (all amounts are approximate and stated in US dollars): 

“I want our shareholders to know that, from a business perspective, POET believes it is on track to commercialize our technology and products with initial production expected to commence this year and continuing into 2024, and we are working diligently to speed up customer acquisition and sales,” said Dr. Suresh Venkatesan, Chairman & Chief Executive Officer of POET. “Our existing customers are finally completing their module designs for sampling and sale to their end customers, which include hyperscale data centers, network system operators and telecom companies, primarily in China. We have re-focused and accelerated our efforts on the highest speed engines designed for 800G and 1.6T pluggable modules, which we plan to introduce to the market in 2024. 800G and 1.6T modules are gaining increasing market appeal as specialized data centers running AI software applications, such as ChatGPT, continue to drive the need for ever more and ever-increasing transmission speeds. Non-recurring engineering (NRE) payments for custom designs and initial sales of engines and modules in the AI hardware market are expected to provide multiple single-digit millions in revenue to POET in 2024 and lock-in significant growth in 2025 and beyond, both from the pull of the massive growth in the market and from the products we expect to introduce to meet the demand. We are working hard to make up for past delays and to help our customers introduce innovative new products into the market as quickly as possible with reference designs utilizing POET’s proprietary technology.”