To all, Here is another thought: 1) Poet has approx. $10M in cash. The SG&A costs over the next 3 yrs will probably eat up the $10M. 2) The Engineering costs will be covered by the deal / grant in Singapore. Cashflow between this and the SG&A costs above will be fine for the next 3 yrs. 3) So what's left to do. Well, POET will have to expand its Manufacturing capability significantly, and in a hurry, if it has any product that is nearing the fab stage. They have the choice to buy time on some other company's mfg line or buy into a company that either has excess capacity or is prepared to remove their production die for a POET die. (so to speak). Hell the raw material inventory costs alone will sink POET if it does not become cash rich in short order. Remember cash is always King. Just ask any Business man (or woman).Without cash POET would be bought out in 15 minutes if someone thought they were the real deal. 4) Hence, I believe that POET had to issue the PO for this purpose. In the current economy, there is no opportunity for POET to go cap in hand to the banks. Like many, I did not like the approach that POET has undertaken but somehow I think that they probably had little if any choice. Perhaps some big players from the US did buy in at a discount, perhaps not. We are starting to hear that a few on this board did make purchases through the PO. How knows???? Don did not have a say in the matter. 5) Regardless, If POET had no choice then we will hear shortly as to whether my thoughts are correct. Best regards and Go Patriots! Maple Syrup