Please note that Suresh wrote that POET has "completed transfer from the lab and are beginning to develop and optimize our integrated optical platform technology in a high-volume large wafer scale manufacturing foundry". While I have learned to not give too much on the wording in POET's statements and I don't like cloudy phrases like "a high-volume large wafer scale manufacturing foundry" instead of "Wavetek", I think "completed" is pretty definitive.

Thanks for the detailed reply. That phrase does not indicate if they have had acceptable success producing a VCSEL on a wafer of any size. That worries me. You mention delays encountered, as did FJ, as a reason to make investments in house to fabricate their own wafers. That is the justification for all that has happened in this past month? Poet is apparently tired of the delays, tired of waiting for their turn at Epiworks.

I would have rather accepted lenghty delays than the disastrous financing. A delay, the reason for which could be easily communicated to shareholders would have found acceptance, and the stock price and subsequent dilution would not have happened imo. Further, I think since buying DenseLight, the priority was to invest money into the facility there in Singapore, which over-rode their concern for the stock price and their long term shareholders. From the outset Suresh spoke highly of the purchase of DenseLight, and projected possible sales and possible sales volume with a "small" further investment.

But it is a done deal. And we are in a deep hole. I just hope they will quit digging it deeper.

Quoting Suresh: "We're a real company now."