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: POET 4.0

Morning Stars presents a perfectly reasonable view of PTI's development history yet he attracts another regurgitation of brundalism and the usual negative platitudes voiced here by those whose investment judgement is based on one factor only, the current SP.

PTI strategy was swiveled in SEP 15 and three years on it is right to evaluate where today your investment in PTK stands.  On the basis of SP, sadly we're deeply in the red and as regards brundalism one again wonders why he hasn't run and cut his losses long ago rather than envelope the board once again with his articulate gloom and, it would seem, the use of creative accounting where he feels his facts will not be checked. 

I once watched the manufacturer of custom sports cars who built replicas of the Ford GT40 go bankrupt when their bank withdrew funding.  The liquidation produced nothing of value for creditors but heavily depreciated machinery and nothing for the unwise bank who pulled the plug.  A successful phoenix company then emerged from this fiasco, funded by its loyal customers.  The bank had missed the obvious fact that the value of the company lay in its intellectual skills and experience, plus the goodwill that it had built up over the years. It went to build replica MC Clarens.

There is no doubting the loss that those who invested in PTK to get rich quick must feel given the images that were created here in the heady days post Pelligrino and whichlets face it were not discouraged by management in 'the money man' days. However, in the new realism of the AM and SV days, since the September 2015 strategy swivel, it is not the images of wealth that management have built but those of steady engagement with the pithy problems of building leading edge technology, and commercialising hitech products from the IP PTI now owns along with infrastructure of DenseLight and its staff. It in addition has attracted talented management to its Board of Directors.

Some here who have engaged in development projects can appreciate the challenge this represents not only in the technical development but in the building CV of  the necessary infrastructure and the personnel base needed to effect that commercialisation. This is where the value of our investment lies. 

There is no doubting that the market is out there and in my opinion there is every reason to believe that PTI is now set to utilise the value they have built into POET Technologies Inc.  Current SP or raking over past glitches tells us nothing about the sort of sports car that our management has now built.  Time must be allowed for this creation to stir into life and for the company to build a loyal customer base before we can truely consider our Return on Investment.  Those leaving early may just prefer other vintages, its simply a matter of taste, but I rather like the shape of what might come and consider the risks sustainable.and, like Morning Star, remain positive.

 

Sula

 

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