Re: News...didn't see this coming...
posted on
Jan 30, 2014 10:38AM
From page 38 of Form 20-F..............
"Capital Expenditures:
The Company is currently planning to spend a total of approximately $2,000,000 during the 2014 fiscal year primarily on research and development equipment and technology in connection with the development of our POET platform. The money will go towards general costs as well as research and development and will be drawn from internal cash resources. In the first nine months of fiscal year 2013, the Company spent approximately $900,000 on capital equipment in order to complete and increase the efficiency of the POET process."
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Could also have something to do with the need for more cash right now.
...............Green