I agree with you McWitty. It staves off more dilution which would not be too pretty. It would have made dilution worse right before good sales come in. It would have made POET look and be weak to customers. Customers will be more comfortable dealing with a small company that is not cash poor, but reasonalbly cashed-up.

Selling Denselight supports POET's fabless strategy as well. Think about that strategy. High margin sales to large global customers and a low overhead translates into an eventual hefty and sustainable share price compared to what we are at now. The share price is going to find its mojo with this strategy and management's time and investment in this company will translate that and bring about that hockey stick price potential. Based upon NRs and corporate presentations, all the strategies point to this kind of model. It just comes down to how well this executes like anything else. We still have to see it to believe it. 

Monolithic