A small group of London business men received an Ad Hoc briefing from the POET management team in London in Feb 2015. It was filmed and inadvertently and a copy was discovered on line by Sunny a German poster on Agoracom It proved to be an intriguing insight into what management were thinking at that time.

Perhaps the most intriguing comment was made by Peter Coppetti that left this board with the notion that there was to be run to the NASDAQ in June 2015. A notion that simply did not occur in fact. This truth is regularly used , much in th e wy MyPOET did yesterday, to label management with telling us 'bull faeces ' whilst others more robustly use the term lies. Consequently, much of the valuable insight that came out of the CIC event is lost in the fog created by the too easily uttered condemnations. The lesson to be learnt is that management must react to changing circumstance - that is the reality of business life.

Read My CIC notes:

https://docs.google.com/document/d/13A7TXzNuebozfyojsDKbDoYdFdRzx1LequUfQCge43E/edit?usp=sharing

If you read my notes you might agree that the general message that comes over from the briefing was that POET was engaged in discussion with a major potential partner as well as multiple customers and interested parties. They were waiting on the outcome of the ring oscillator and VCSEL requirements that were customer led. A key point was that the deal the company was looking for from that partners was not a big fee but the investment of 30 - 40 Engineers, the so called '40 Engineer deal'. If you look a little deeper into the statements you should note that the expected development time in that deal was mentioned in two years.

The relevance of this is that if indeed the company got their 40 engineer deal, then we would are approaching that two year development time as we are eighteen months down line from June 15. Is this then the Inflection point we are approaching. But first we have first to consider was such a deal made or not.

The company has been silent on the matter but then they would be if they were under NDA.

We've got the TRAB and Tony Blevin to explain.

We're pre briefed before events that management will not answer questions when a simple denial would be fine -NDA?

Then there's the most curious thing to me in that we heard no more about the oscillator or PET as if they simply vanished from the landscape in June 15 and by September PTI new CEO pivoted to a new strategy of commercialising POET products with AOC as a fully integrated POET chip aimed at the Data Centre. It looks to me as if PET was hived off to the partner.

You have heard most of this before from me and I hope that readers can forgive me for a degree of repetition but I will not allow the mantra that management lie on the basis of failure to run to the NASDAQ in June 15 when there are clear reasons that the negotiations with the partner could well included terms that effectively gagged management from stating the news the needed to propel PTI to the NASDAQ, it does not mean a deal does not exist or management lied to us.

Finally, does anyone else wonder whether the processor we envisaged for Smart Phones, where 8 components were to be integrated into one or two chips may still be on the cards. That diagram was a mainstay of previous Corporate presentations but its never mentioned now. One wonders why is this is also part of NDA?

IN conclusion don’t disregard the value of the insight we had in the CIC .

sula