Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Management has my support

I was reading an article about a Singaporean start-up (http://www.bloomberg.com/news/articles/2016-06-05/facebook-co-founder-saverin-takes-a-shine-to-singapore-underdog) and this paragraph really stood out for me.

"He’s evolved a business that is highly qualified and really has two very admirable traits in the startup world,” Saverin said as Cheung looked on. “First is relentless focus. You have so much resources, you have a grand vision, you need to focus. Second is ruthless execution.

We continue to exhibit wild swings of emotion on this board and frankly everyone is entitled to their own opinion but when it comes to investing you either believe and support management and trust that your investment will yield a nice return within a reasonable period of time and then you get out OR you simply get out now and cut your losses because you no longer believe nor support management in their endeavour to lead the Company. Ajit has been with us for approximately 2 years (?). That's probably long enough to have gotten reasonably grounded to understand what needed to be done. Obviously, his priority was to engage competent senior management to execute his vision. Suresh and Subash have been with us for approximately one year which really isn't a great deal of time to create an impact. But impact they have achieved and I believe they have earned our continued and consistent support.

They are focused and are executing and IF they are able to disclose the type of information relative to what we believe is possible then hopefully the share price will be such that the available options pool whether granted or not will be irrelevant. The share price will be such that many on this board will be able to cash in and make a significant profit because they followed scenario #1 above, supported management at a critical time in the Company's evolution. But, if you no longer trust, support or believe in management then perhaps it is time to cash out. Some of you won't cash out because your investment is under water and do not want to crystalize a loss which is understandable. But at the same time, if that is the case do you honestly feel that withdrawing your support for management at this particular point in time is the most reasonable course of action?

This of course is IMHO but I'm also trying very hard to exhibit an independent rationale approach and encourage all others to do the same

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