I cannot agree with some of your various comments.

You say, "Technologically the company is advancing rapidly but financially  the reverse is true." 

Have you considered that the company does not currently need the kind of financings you expect? The only way any shareholder will understand any reasons for any financing amount is to be an Insider and know when the time is right for certain kinds of financings in certain amounts. Would you agree that the financings for now really have been more about funding operations along with design-wins with customers?

There has been a level of incompetence in getting funds into the company in advance of future needs. Again, without knowing where Poet is at internally, you will never now because you don't know the timing of what each future financial requirements address any needs.  If you were on on "need to know" basis, you could then judge what you felt was competent or incompetent. You need to know what funds certain plans in order to judge what a financing is to be used for. Once you know the reason, you would probably conclude that Poet would be competent then. 

The company should right now be in a position  to finance and quickly implement the technical advances that will keep us ahead of others, trying to achieve what Poet has already accomplished. What is the $300 million shelf financing for? Wouldn't that be drawn on quickly fitting certain needs as Poet moves toward them?

As things stand now the Company, we have been told on numerous occasions, is not running at full speed, limited in its expansion into other areas by monetary considerations. True, Poet is small and running everything on a shoestring budget.

Why not approach one of the majors we are purportedly dealing with to take a % interest in the company in exchange for funding  $xxx,xxx,xxx so that we can launch into all targeted areas, shown in numerous presentations.??  Discussions might not be permitted while in NDA, but certainly there could always be frank discussions about intention and leave that on the shelf for the time being. Since Poet is dealing with different customers in different segments, they would have to consider, in fairness, the bigger picture using meaningful analysis and valuations. Strong managment will know when that time is right.

Unbelievably it seems the Finance people appear to have been unaware of the forward need for funds, or lack the contacts or credibilty to secure them. The current shareholders and Debenture holders have been relied upon to do it all. As Poet's needs change, new investors in new kinds of financial arrangements would become material news at that right time.

The mistake in not getting a sponsor for the Nasdaq listing, by doing a finance at that point in time, still haunts the company. At that time, you might be right; but at that time, Poet had enough funds to operate. Didn't they say they would get funds when they needed. Discussion towards possible deals that become material can happen when parties agree to lift their NDA mutually and bring forth a 'material news announcement'.

In my opinion, Poet will draw only on financings as they foresee in near-term need, but as conditions change toward the next level of its expansion, then different or larger forms of financings would likely arise. Of corurse, any concrete revenue projections that can tie-in with any financing and respective parties also is a factor.

monolithic