I agree Oogee, but given that the majority of bulltet points in the CO Monetisation Strategy slide five are for IP revenue through NRE, Licensing and Royalties, rather than on for direct VCSEL sales alone, I feel that a 40 engineer deal to develop IP in a specific vertical for the big milestone setting customer is entirely feasible and can be developed in parallel by the customer whilst PTI focuses on VCSEL. If this was an exlusive deal for an early adopter I feel that alows time for the company whilst the VCSEL data comms verticle is ringfenced before the next verticle can be developed. During that time the company can be grown organically to meet meet the next challenge. This approach would not overtax our fledgling company as you point out.

sula.