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: A few thoughts

Please shareholders, let's add Tsiofas to the exodus of board members and get a true financial heavyweight, it’s apparent his role as a financial professional on the board does not meet the requirements of his position. Vote him out now. Upgrade the Board. 

 

For the CEO/CoB and CFO:

Here’s an idea, why not raise the share price organically via achievement rather than asking shareholders to further dilute their holdings to give you millions of in-the-money options as a reward for the value destroyed over the past year? Or, remove your names and those of the Board members who supported your decisions over the past year from the repricing and don't hold other employees' options hostage to your actions. I'd vote "yes" under those conditions. 

 

It’s called accountability. 

 

The financial missteps of the past year must be shared by both of you, but only the CEO/CoB has the power to restore confidence in the financial community by hiring a true CPA for CFO, preferably with extensive capital markets experience. There are many reasons right now that POET remains dependent on fringe institutional firms and overly generous terms to obtain financial support. Start right there. Unless you take that step, this company and its valuation will be weighted down by the lack of broader confidence in its ability to manage its finances.

 

Lastly, show everyone you are truly accountable by hiring an industry recognized Chairman of the Board to provide the guidance and insight necessary to grow the company into a force that the technological innovation alone cannot attain. 

 

 

 

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