Management blew their credibility with an awful financing that reflected great naïveté.  Passing time hasn’t erased this generalized perception which clearly wasn’t lost on the market or potential major investors. 

Because of management’s past actions, and because Poet essentially has no successful nameplate product in the market we have little leverage in a negotiation with possible investors.  This worries me almost as much as our current financial position.

My best quess is that Poet needs at least 6 to 7 million (USD) in the not too distance future to continue.  Today, I have to ask myself where this funding will come from going forward?  On a one to ten survival scale where is Poet today?  We will need new money in 2018.

TMI