@scary, my memory is fine.

I'm a bit confused by your response to my quoted text. In the beginning it sounds like you are saying that it's true that AC was hired after meetings with prospective buyers/licensees. You then follow by saying POET lied to potential investors; that they knew they were not ready for the meetings but said they were in order to close the PP. This implies that they didn't have the meetings that Aves believes (with zero evidence) necessitated the shift to a license model. These two statements seem contradictory to me, but it's possible I'm misunderstanding.

A couple of finer points that I didn't elaborate on before:

• The more likely reason everything they said at the Toronto meeting was delayed or hasn't yet occurred is that the timeframe was ambitious and didn't account for the delays that occurred AFTER the meeting. Three examples include the delivery of the new nano assembler (which may not have arrived even now!); the closing of solar which didn't stop drawing Copetti's time until April - after the meeting; and the delays in repairing the UConn lab, which was expected to be done earlier. So rather than imagining white-paper-less meetings where POET was rejected (no evidence AT ALL for this), I imagine that the plan is proceeding a few months behind projections.
• POET has never formally committed to one single strategy over another until the latest NR where the formation of a PDA and targeting 100nm gates "crystallized" the strategy. And this with only a month of shopping the white paper. Again, the evidence favours a delay over a radical change to the plan outlined in TO. It's true that the TO meeting seemed to focus on the total sale as an outcome, but Benadiba was heard to say that he is indifferent towards whichever strategy brought the greatest returns for shareholders.

So in conclusion, AC was indeed hired before the DD package was assembled by POET, and that's a fact based POET's own released information. If some people on this board want to fantasize about meetings that have never been announced that's fine. If they want to criticise me for using the "bankruptcy card" I can't stop them. But the bottom line is that the most likely explanation for the so-called change of plan is that the ground work took far longer than expected. All the unexpected occurrences that followed can be explained by this very simple fact, except maybe the lack of US buyers.

Oh wait, did we just sell over 100k on the OTC today?