Fairchij: Every waking moment of Suresh's time is spent working on POET. He is driven. He has 6.6 million options that have zero value at this moment in time. He is 49 years old. He was a Senior VP at Global Foundries...You don't think he has skin in the game?
However, he is inexperienced in being at the helm of a publically traded company that is undercapitalized. One would think that inexperienced individuals would know they are inexperienced and seek professional advice. Well, but perhaps he fell victim to the Dunning Kruger Syndrome and thus didn't seek advice. Or he did, but found the wrong advisors.
Anyway, I think that POET needs the money urgently for whatever reason. We should learn more by the end of November in the status conference call – or earlier.