I tend to agree with you, but I think it is in the Company's best interest to try to move off this dangerous low stock price level as soon as possible.   Increasing share price (if possible) is a fiduciary responsibility to the shareholders.   So if they have some good news regarding the VCSEL, I think they would release it asap.   I don't buy the NRE excuse, as the VCSEL has been front and center in the Company's public statements since Suresh announced pursuing the AOC development.

Concern about the low stock price in regards to a possible takeover, and to the future ability to raise money, has been mentioned before.