Having examined the presentation slides in more detail, I find myself as ever trying to read the minds of our management and joining the dots.A careful look at the presentation slides reveals some very tasty snippets.

I find the first bullet point interesting as it uses the term 'has moved' which rather indicates that lab to fab has been achieved, which is news worthy.

Clearly, the confirmation from Rainer's conversation with Michael White of TRAB activity and the BLEVIN effect has alone has given a boost to my thesis that a partner is engaged, but this is this thesis pointnot positively confirmed by (bullet point three in Slide 17) which clearly states 'Partners are engaged'. The use of the Plural is also interestingwe have the taste of orchard products but what other flavours are there?

The term'watching our progress' (Slide 17 point thee) is also of note as my thesis was that the engagement of Anadigics was principally to prove to our partner that POET is capable of mass production.

(Bullet point two slide 17) is for me a warning order, I read it more like this - proof that commercial manufacturing of POET products is viable will result in a partner deal which will send our Share Price into orbit.Surely, management confidence is shown by the simply act of engaging in a world-wide roadshow aimed at potential institutional investors. Is this not the overture to a new symphony that starts in Q1 2016.I am hopeful that the concert dates can be brought forward and confirmed soon.

I am intrigued why the management's presentation to institutional investors would seek to emphasise Merger and Aquisition )See Slide18), what do they have in mind?What would cause them to broadcast this thought.My guess is thatI often wondered whether the PET side of the business is ripe to be sold to fund the more profitable and the long term development of POET optical and Quatum.If they propose to become a tour de force in the IC industry ist has to be funded more than eight quarters of current burn rate.Food for thought

From <https://drive.google.com/file/d/0B3ivK4eeO-1Qb3RRR0RHclpHSmc/view?pli=1>

Slide 17

• POET has moved its disruptive technology to commercial foundry for manufacturing.

• Commercial manufacturing could be a catalyst for the stock,

• Strategic partners are engaged and watching our progress

Slide 18 - HOT SEMECONDUCTOR MARKET