We have to accept that we have a record of over expecting on this board and that the THM was no exception to this this norm.

In trying to rationalise why management would call a 'special' briefing just weeks prior to an AGM the notion was created that something special was abroad. This was a reasonable conclusion that provided the motivation for many to make the journey to Toronto to join in the special event. The excitement of the build up and preparations in some way added to the effect, a sense that the THM was to be a revelation event. This is human nature at work and it's perhaps time to accept that when PTI management clearly state a meetings intention we should believe it is that which they will deliver, no frills. We have seen that this team is rather special, they speak from the heart and are absolutely straight forward and honest with no weasel words.

On this occasion I felt cautious that we were setting ourselves up for disappointment and stated so -but were we really? It certainly appears that many drew that as a conclusion from the THM event and, I regret, this emotional reaction has been reflected in another PTK norm - the reversal of a steady share price build up. We should know that markets being driven by emotion.

That said the disappointment and the reaction of the SP is just plain wrong and the real message of the THM has not been fully appreciated by too many sufficient to cause knee jerk selling and not take time to appreciate what really has happened here..

As was said by the POET CEO we are underestimating the value of what was announced, Understandably really as, unlike those who created and evaluated these acquisition and made the acquire decision, we really have not had time yet to fully evaluate this and appreciate the effects and consequence of the acquisitions neither has the market - so why would it react positively - yet!

No we simply have not fully picked up on the excitement that our management feel at their success and wanted to engender in its shareholders. Excitement which really was at the heart of their reasons for calling the THM. By stating their commitment to their plan and their excitement at successfully executing the negotiations will be highly motivating for our team and we need to support them as they fly out of Toronto to begin the task of integrating the three elements of the new POET. Delivering on the synergy and energy they have created to deliver the monetisation of POET

Combine proper analysis of this new team of highly experienced managements, with the enormity of the potential market for POET's electro photonic products made to ISO 9001 standards and a pre-existing customer base in DensLight's customer base and we should really draw only one conclusion. This pre-revenue company is set up for success.

There is no doubt in my mind that given the sophistication and rapid development of POET and the proof of management's ability to execute its plans, that institutional investors will shortly be taking notice and will want to join in the POET opportunity. Will in not be they who will want PTK to up-list in order to do so?

Personally, I find the phrases 'NRE within the next 12 month's and the '2018 positive' comment that have been assumed as negative are ambiguous and can be read both ways. Yes, perhaps they needed to be handled better in delivery, but I feel they were neither meant to be cautionary nor negative as befits such a positive message they were delivering. Surely, within the next 12 months includes tomorrow and the handling of the Income and expenditure account of an rapidly expanding company is an instrument that needs to be played with precision by a maestro. The conclusion positive in 2018 in no way paints a picture of the cash flow to that positive conclusion and certainly does not mean the market will await a positive outcome or not make a positive evaluation of POET potential, much as any successful start up company mustered an enthusiastic following on the basis of potential alone before profitability.

Disappointed?

Certainly not, for those who do this feeling is was just a passing moment of human frailty - we have every reason to be ecstatic after the events of 17 May 16 in Toronto.

The THM did indeed deliver the revelation expected, but you really do have to think about it and rationalise the positive effects of anexciting acquisition and an exceited management team.

sula