Dear Agoracom friends,

All of us are here because of the value that POET represents to our personal fortune, in other words we have a common goal to grow our personal fortunes which drives the activity of this board. Consequently, any decline in SP is disturbing to us all, particularly if that decline takes your investment below that all important breakeven point. But as many have already stated the POET SP value is of no particular consequence to the success of the underlying technology. The recent upsets are minor in the POET story. No one as yet has been able to point to a matter of real concern to POET’s success. That’s not to say there are no dangers but for me the course is set fair.

Every investor knows that investing in shares always comes with the cautionary statement that ‘the value of their investment can go down as well up’. It gets worse, the fact remains we have invested in Venture Capital which is a particularly risky area. We all should know this and if you cannot deal with SP volatility then you have simply invested in the wrong market. Regardless of the machinations of Sheldon Iwentash or the requirement for management to gain agreement for consolidation, the truth is things will not always go our way.

We all know that markets react to sentiment and when you read certain commentators it is quite clear that to me, that if POET is not understood by those in the computing press, who should know better, what chance does your average Joe investor have, or for that matter the chances of a perfectly able share pickers looking for the special picks. The fact is that outside of our group of investors, exactly what POET is and its potential has not been understood, otherwise each announcement of milestones achieved would have had the effect that we all imagined they would have.

Those of us on this board who have been here for the last year have a rather special insight into what POET is, thanks to the contributions of the visionaries and technically able here, we have achieved the first part of our degrees in POET studies. Most of us will have built up a reasonable knowledge of POET in terms of the technology, management, business plans and market potential. We know that it has achieved all its technical milestones broadly in line with plans and we have seen the financial structure of the company vastly improved. Given the announcements of agreements with a third party Fabricator and a TCAD provider as well as setting the goal of producing a manufacturing line of POET chips at an optimum scaling to maximise potential benefits, this company IMHO remains well set for success and a success of possibly of staggering proportions.

Today’s SP simply does not matter, we are on the cusp of achieving, in the next few months, the missing ingredients of the POET saga, partners, customers and revenue. Factors that cannot be ignored by the most naïve of technology reporters or stock pickers. For those crying into their cups over disappointed about SP, they are missing the point, surely it is the next phase of POET’s development where our personal fortunes are going to be made.

As Churchill said ‘this is the end of the beginning’.

as ever,

sulasailor