Am I understanding you properly FJ? Are you suggesting that Poet is purposely withholding releasing VCSEL results inorder to manipulate the stock price down to satisfy some hedge fund? Is that ethical, or even legal?

"Speculation: The issue will be bought by well-connected hedge funds and the share price is where it is to set the price (the good and the bad or the bad and the good)."

" Speculation: They have rushed the raise in order to get US Institutional Investors position ahead of the November update and could declare the VCSEL complete at that time and/or detector NRE."

If that is even remotely true, what does that say about how they regard their existing shareholders? And after the financing, they will release good news to make the hedge funds who got in on the cheap, wealthy and happy, while existing sharholders must deal with the resultant dilution and attached warrants?

If the VCSEL is complete or very close, why not release those results first, and cause some excitement in the investment community, and then present the facts to a hedge fund? They might even get interest from numerous funds, when the facts are released, and we could all celebrate. After all, that would be a game changing news release, the beginning of the promise of our new disruptive technology.