There is anther curious behaviour  by management which we have to get our heads around as regards PET and that was the way they started the Sep 15 briefing to sharehoders with a gagging order.  I cannot  immediately identify the quote but others will remember it.  The sense I had at the time was that there was a relationship with the customer who had been defining objectives and whilst management would not talk aboutit hence the gagging order, their behaviour didnot feel as if that customer had fallen by the way but more like the necessary discipline that arises under NDA.

PC is much maligned for what he said in 2015 but the presence of a customer was quite real to us all from the many statements made. as was his stated desire for the 40 Engineer deal.  Why would he want this type of deal? because PTI could not afford to commit to both the photonic development POET and PET, it was simply too expensive.  He came to this conclusion after Ajit had looked into the box and whilst SV was being recruited and would have discussed his approach wit PC who then would have realised that the photonics was the right path and having SV recruited he was very happy to hand over to SV, but did he or did he not achieve the 40 engineer deal,  Who got the PDK and PTK.  As explained above the gagging order negated further discussions but surely not the possibility of PET being licence off favourably to a customer.

I find Rainers explanation and venn diagram entirely credible and accept fully accept that the strategic direction of management towards optical products but it does not to my mind eliminate the possiblity that a 40 engineer styled deal was cut regardless of Rainers razor. PC stated he was not after income just product development from that deal with royalties downline I would imagine.  

sula