Happy New Year to all, its been a while!

Hike, you were asking for some insight or comments on @davisa21's posts.  Here's a few of mine:

The @davisa21 post is misleading at best, (ie more like fearmongering).  The JV is intended as just that, a Joint Venture between Sanan and POET, with a pre-arranged agreement that ownership would be structured as ~52% Sanan and ~48% POET, assuming both parties contribute their fair share.

In order to ensure Sanan contributes their fair share within a specified time period, the deal is structured in such a way that POET actually starts out with 90%+ ownership, and as Sanan fulfills their committment to its operational requirements (over 18-24 months) they actually earn their alloted share in the company.  Thus, POET is assured that Sanan only gets their ownership as/when they "earn" it.  Good business practice I'd say.  All documented in the agreement found here.

As far as reduction to 25% ownership in order to list in China.  As been stated by others, if it comes to that, it will come when the time is right and at a cost to the buyer, with POET setting the price.  They will NOT be giving away the farm or coerced into a sale just to get the listing.

What Davisa21 fails to acknowledge or perhaps even comprehends is that everyone in the industry is connected to China one way or another, Apple, Cisco, Macom, Broadcom, Tesla, etc etc. are heavily dependent on that market for both manufacturing and sales.  Making a declaration that any presence in China, or mere association with a Chinese company spells doom is patently false.  As a startup, of course there is risk in China, but without the risk there is no reward.

Further, Davisa21 also fails to acknowledge is that unlike many startups who put all of their eggs in one basket, POET is already quite diversified both in products and geographically, the JV represents only a portion of their product portfolio focused on specific datacom/telecom verticals.  Foray into higher value markets such as AI, health and wearables, etc. will not necessarily be dependent on this JV for success.  In fact, it is more likely new partnerships or JV's will be formed in order to capitalize on these markets, further diversifying their footprint.

And since it was brought up, POET may very well be in a very competitive market, but at least they have products to sell and actual customers to sell them to, which is infinitely more than some other startups in the space.

Loads of potential for the upcoming year, let's see if they are able to execute.