"We are charting new territory here".
I think they are making stochiometric adjustments.........."on the same proprietary epitaxy". I love that...proprietary. Seems they are fine tuning and it is taking longer than expected. I can live with that.
And I'm sorry, I do like that these guys are being honest and upfront with the developments. "Two of the three critical individual pieces of an integrated opto-electronic product are now in place"........but, "we have encountered delays in completing the VCSEL milestone." Frankly, I don't think they needed to say we are delayed but chose to be open about the situation. Somewhat unusual for the Vulture.
Slowly but surely. Hang in there.