"The sky is not falling", totally agree. Many times with Poet it's what said between the lines that is very telling. The liquidity statement in many cases is a normal and recurring statement by all public companies unless circumstances are so obvious that different wording is required. (usually to the negative side)

In the financial statement notes, the Company has finished goods inventory equivalent to Q1 cost of sales, plus WIP and raw materials. Assuming that inventory is essentially produced to 'order' and not produced to 'stock' it is probably a reasonable assumption that firm contracts or PO's are already in hand and Q2 sales and beyond may provide a nice jump. Having said that, sales need to be approximately $5M/qtr at the prevailing margins to offset the existing cash burn of approximately $2M/qtr. (excluding capital purchases)

In fairness, the sales and marketing team have just recently been assembled but I suspect their feet will be held to the fire and results are expected in short order. Just based on inventory levels etc, it would not surprise me that sales may even double in Q2 or more (excluding NRE). We'll have to wait and see but I just think that there is evidence of progress, the rate and speed of growth will be the unknown.