Not to add to the workload, but there are other documents worth reading which are only summarized in the 20-F. Apologies if some of this was already shared, not only have I not read the 20-F, but I haven't even been able to catch up on this discussion board.

Here's a sample:

This is the infamous agreement between POET and UConn:

http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d3.htm

This is the consulting agreement for Dr. Taylor for the work he is doing with outside parties.

http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/a13-25081_1ex4d11.htm

Note the details showing the pending Phase III transition:

The Consultant will be compensated for services related to each “Phase” activity as follows:

a.Government Phase I: At a rate of $660 per day ($82.50 per hour) for up to but not to exceed $15,450 per year.

b.Government Phase II: At a rate of$875 per day ($109.38 per hour) for up to be not to exceed $61,800 over the 24 months of the contract.

c.Government Phase III: TBD

d.BAE Phase II: At a rate not to exceed $25,750 for the Phase II period.

e.BAE Phase III: TBD

There are two pending Phase IIIs and therefore 2 pending licenses. Let's assume that even though Pellegrino was under a false assumption regarding UConn's cut, they may be correct about the licensing agreements typically signed with military/government bodies:

From Pellegrino letter to LP:

http://www.poet-technologies.com/wp-content/uploads/2011/03/NR-2mar2011ODISValuation.pdf

• The defense contractors would pay an initial, nonexclusive license fee that may range
between $20 million and $50 million
• Defense contractors would make monthly royalty payments thereafter of $250,000 to
account for any product-specific royalties.

Somehow I think POET could afford to move to NASDAQ after this:)

This is Stephane Gagnon's contract with a job description:

Responsibilities and Accountability:

1)The Employee’s responsibilities will include the following:

a)Develop a worldwide customer base and partnerships to bring the POET technologies to market through a controlled monetization process;

b)Develop the business strategy to continue to raise funds for the company until it is self-sustaining;

c)Support the reduction into standard industry process documentation all fabrication steps associated with POET, whether protected or public, for each prioritized device or system based on POET intellectual property (IP);

d)Drive the technical team located at the University of Connecticut to high performance levels, in part by following industry-standard processes of engineering discipline to deliver the companies’ IP-based products to the market.

e)Develop strategy for IP-based product definition and commercialization

f)Develop a mitigation strategy to cover POET resources, including equipment and staff

This guy is certainly going to earn his pay this year!

***

If you want to see more of the supporting articles for the 20-F go here:

http://www.sec.gov/Archives/edgar/data/1437424/000110465914004357/0001104659-14-004357-index.htm