I have not had time to read the MD&A yet. But one thing that our new prez commented on that I think should be shared.

He typically does not agree with collecting NRE from customers. But he does in this instance. Whether that is because typically there is leverage to reduce costs and give preferential treatment to the company providing NRE I am not sure. The customer who is financing the development of 400G needs a solution. And they are paying POET to develop that solution so I think POET ultimately represents the only low cost game in town for scaling.

NRE finances the development costs. But there will be other future costs associated with I believe amalgamating operations into a hub for serving customers in the US. And we on this forum have always agreed that financing makes sense at the right time and the right price. And that means bringing the share price to a level which values what this company should become based on the advantages of the platform and the  need for their products.

Have a good weekend.