Since you asked me personally, metabill: I don't think there's a disconnect. It is just different perspectives of the same thing.

First, they have a VCSEL, because it has been announced in the "POET Operations Update" news release in April, albeit not very clearly: "Multiple 6-inch wafer lots of VCSELs and transistors were also processed at the foundry."

Second, they have a VCSEL, because otherwise they would miss an essential part of what they are integrating into the integrated VCSEL transceiver.

Third, they have a VCSEL, because at the THM Suresh showed what he claimed was an electron micrograph of the VCSEL integrated with the detector. Only the transistors were missing at that time.

It is just that the VCSEL is not that kind of outstanding as the detector, so there's no point in creating a standalone VCSEL product. It wouldn't be disruptive, so why bother. The integrated VCSEL transceiver, however, will be highly disruptive, so that's what they are focusing on.

Disclaimer: I have not attended the AGM, so please correct me if I am wrong, dear AGM participants.