Mono, good post and I agree with what you are saying, although I have some serious issues with it (POET) as well. I will try to explain.

"identified what might have been a tactical mistake of years ago. Maybe if they addressed that then they would not have ever bought BB Photonics and Denselight. They must ve known, to a degree, that the GaAs curve would be a long one and that is why they purchased those two companies to have something to bring to the market much sooner."

- Given the timeline on how things progressed, including the acquisitions, if this is true, I feel I was seriously mislead as an investor. After all, I did invest in this company for the GaAs "holy grail" and there was no indication of this failing, until "the surprise".
- I also agree that significant resources would be needed to succeed with the GaAs, and would expect that management should know this. Given that, they should have partnered up with a company with huge resources, rather that state they would eat their lunch. They are not currently eating anyone's lunch other than the retail investors.

"The compatibilty with the dominance of silicon is still ruling the I.T. landscape and resistance to change would be great. However from experience, POET now knows that if anyone is to go the GaAs route, then it would not be compelling for any prospective parties to go that way unless the whole thing is monolithic."

- Right, we were weeks, not quarters away, just some engineering, results "soon", and the "advanced disussions"

"However, if it can come about then POET would be a leader in the GaAs space. Perhaps, part of the issue might be that POET wishes to establish a name for itself first (perhaps, that's what Suresh might have meant about that word, 'humbling'?"

- Could be, in other words Ajit's rolodex was not all that it was stated to be

"In the meantime, the Interposer is disruptive to and much sooner to market. POET has had its best response so far from other parties that could be officially announced. That never really quite came about ever before. So we are leading-edge now, but less fringe now."

- I do hope this works out, so I can at least break even. I might even be able to buy lunch again. I would state however, that based on this alone, I would not have invested in the company at the levels I did (I do not continue to buy, I have invested enough). I might invest at these levels, but IMO I doubt it. It likely goes up from here, not not a slam dunk.

I agree with what Baba states at times, which is we can state we are so close, however the stock price is not telling us that. This has significant merit. Call me a glum (I know someone will), I don't care, I have enough understanding of the markets to know that being down 70% is not a reason to shout from the roof tops, and optimism is great and all, but the bank will give you squat for that.

Time to get that SP up Suresh!!

Good luck!!