I haven't posted here in a while but some longs may remember me from years past. I've continued to read this board religiously, and moreover have added to my position over time. 

I felt it important to clarify one point: the company's update refers to the "Buyer" as citing (i) the "wide-ranging impacts that COVID-19 has had on businesses globally", and (ii) "the lengthy administrative process associated with transfers of funds outside of China". 

Point (i) is a message not coming from POET but from the Buyer. Whether an excuse or not message stems from Buyer. 

Point (ii) in my opinion is much more valid and beleivable. My background is in finance, more specifically investing in emerging markets. Though I've dealt with China in the past, we've ceased any further investment in said jurisdiction; the reasons are unimportant. What is relevant is the fact that issues with transfers of funds do occur. This may not be a consequence of Buyer liquidity, but rather mechanics of moving monnies from one jurisdiction to the other. This is very common within the emerging markets as banking is highly regulated and monitored by political oversight. 

Outside of final $5M payment, I am not well versed enough to comment on any other ramifications this could have on POET regarding operations. I would also like to see a follow up communication from management clarifying this point as well as potentially providing better guidance to this final payment. I also question language used at the end of update: "....will be resolved in a mutually beneficial manner". This is incredibly ambiguous and in my mind a poor choice of words. There was no need to include this sentence. 

Additionally, with respect to pending option expirations, my hope is that options currently held by management (particularly SV) get extended ONLY if at same pricing as prior; at least some pricing above 0.75$ warrants. Doing anything less would send a negative signal (in my opinion) to market. 

Lastly, we should always remember everyone's main objective here: to earn a profit on one's investment. Truthfully, anything outside of this is irrelevant for myself. 

Just my two cents,

Sandman 

P.S. greatly appreciate all contributors to this board. It has been a pleasure reading over the years.