Sitting here in Loggerheads, Staffordshire, UK, (it’s beautifully sunny in our Indian summer) in front of my flat screen, reading this forum, I have tried to imagine how a board meeting would be going.From what we know, I suspect we are well behind the curve, it is certain we have negotiated an arrangement for the production of a TDK (Technology Design Kit) from Synopsis which will enable the planning of a microprocessor to enable its design for a functioning and presumably testable microprocessor at the correct nodal point i.e. at 40nM.

We can assume that it is highly likely that contact has been made to a manufacturer of microprocessors (a “fab “like Global Foundries though not absolutely sure it ‘s this particular one).They will require a PDK (Process Design Kit) so that any theoretical design can be made into an actual microprocessor.When achieved these designs can be sent to interested parties who will test, examine and trial them to convince themselves they have an exceptional device and will almost certainly be claimed by the representatives of this company (i.e. POET Technology Inc).

We can also assume that many contacts have been made with those companies that use microprocessors to design and manufacture the technological marvels that so fascinate us, and about whom we know so very little.They will probably have been promised access to the technology, if they believe the company’s claims.Whether they are willing to sign up to the technology will depend of the availability of the PDK and an actual processor for testing.It is these contracts that will bring in the first revenues as NRE’s (Non Recurring Engineering fee).This income, it is hoped, is for later this year or early next year.All discussions are likely to be under NDA’s (Non Disclosure Agreements) for the purpose of secrecy.I believe I am right in stating that in view of the complexities here such as limited staffing, costs, secrecy etc. That there will be a highly targeted strategy, aiming for the technologies that are likely to benefit rapidly form PET processors with rollout to others and also the introduction of the POET process to the integrated processors and their marketing in due course in 2015. If this works then expect exponential growth of this company over many years.

The managements’ fears outside the development of this complex interaction of a fab, other firms and their own Research and Development (R&D) at University of Connecticut must be protecting share holder interests and behaving within the laws imposed on them.At this point in time, they have conflicting requirements.Openness to shareholders, Non Disclosure requirements and an effort not to attract so much attention, by boasting loudly about a disruptive technology, that attracts sufficient attention to invite a hostile takeover.

So, what’s my point: well, if it was me, I would want vagueness in publication, confidence in negotiation, avoidance of those with money to burn, and above all a very clear and detailed plan of action and the resources to undertake it with confidence.So what do we have when examined under the intense light of scrutiny.We have a low share price; we have a confident and exhilarated scientific team and we have stated intent from the acting CEO about the future.I’d say the management is handling this very difficult transition well.Imagine our share price now at $15 (I really would like to see it) but it would draw so much attention I would be afraid someone would come along, take it all, leaving me with much less than I wanted. There will come a time when processors are ready, tested, contracts signed and consecutive announcements can be made and revenues are increasingly arriving into the bank account.Then, hit the NASDAQ, watch the share price rise driven by revenue and not guesswork and hope.I think of large dividends with rising capital value of the stock but I want it controlled here not in a cheapskate, fatuous, risible sell out to some vast conglomerate who’d swallow this beautiful technology so I was obliged to watch it disappear into its ugly, bloodstained, offensive maw.So, I thank this management, for I strongly believe they’ve got it just about right for my aspirations;I hope yours too.

David