Thanks for giving me leeway on necessary repetitions BCD.

I have no experience of the contracts necessary to hive of a large amount of your IP to a major IT entity.  But I imagined that by agreeing to them having exclusivity to that IP a trade off would be for PTI to develop optical elements exclusively.  All down to the detail of the deal and NDA.  One would think there would be NRE at a point in time after a period that satisfied disclosure rules.

 Please note that I do not discount failed negotiations.  I'm sure PC mentioned once that shareholder intervention at Apple had almost blown the deal or words to this effect.  As I say I'm not betting on this but simply on the production of POET optical  products.  

Again I know nothing about hostile aquisiton and imagine fair value not value of shares is protected in the shrare holder protection schemo.   This is why Lumenge is quite right to flag this issue as an AGM item.

Sula