Our CFO indicates that the burn rate must dictate the POET 'house- hold budget'. 'Cutting your cloth according to your means' is good common sense and perhaps we need to recognise the realities of running the company on a shoestring that Thomas Mica has to face to get this company over the line.
Shareholder pressure wanting a return on their investment NOW is all well and good but is not necessarily the most important factor in POET'S company plan, management clearly signalled this when they said 'when the time is right' as regards uplifting.
My take on this is that timing is everything in investment, just as it is in getting commercialization right. There is so much we don't and can't know affecting POET plans, so as much fun as it is playing armchair directors, POET management are not prepared, and rightly so if acting in shareholders best interest, to respond to shareholders' pressure until the right factors are in place and they judge the time to run up SP to achieve uplifting to the NASDAQ. This company action must be carefully aligned to the upturn in orders/design wins and clear upwards trend in POET business prospects this must happen first or claims will sound hollow with no substance.
None of us here can make these judgements for management. Trust is essential as our opinions are frequently based on inadequate knowledge of the realities that management face.
So much hot air is being wasted here until the right time and right circumstances can be discerned.
sula