First, I want to say that I feel for all you shareholders who feel sick to their stomach today. I was one of those who was subject to a margin call. After I covered it, and had just under half the stock I originally had. I sold it all, thinking that if I could participate in the LIFE financing, I'd get the warrants as well, and have close to the original amount of shares. So although the drop today doesn't hurt me, I will never forget what it felt like on that day, so my heart is with you guys. It's awful. 

Just as I'm sure all of you here have, I've been thinking a lot, trying to discern where POET really is, and what is happening.  

As far as the tech, it just cannot be vapourware.  All the announcements, Sanan, Celestial, etc, there is too much there to think they don't have products, and are approaching commercialization.  Does the company have a problem with delays?  Absolutely!  Have they told us things that haven't happened?  Yep!  Suresh is not a great CEO.  He's a genius.  For those of us that were around when they switched from Gallium Arsenide to the interposer, he saved this company from going to zero.  The company should have been worth nothing.  All we had were some patents, for a gallium arsenide solution that they couldn't make work, even in a lab.  Unlike now, we didn't have products.  Without Suresh, then or now, we don't have anything.  He is the company.  The problem with Suresh, is he spends too much time in the lab, and not enough time running the company.  I don't want to see anymore parents!  Make some sales!  But we can't get rid of Suresh, as many mistakes as he has made.  Who would we replace him with?  No Steve Jobs type would ever come to little POET to save us.  

Tom Mika however, needs to go.  They've clearly known for a while money was going to be an issue.  I've seen some posters postulate that they probably thought they were going to close some deals to bring in money, and I think that's a reasonable assumption.  Whatever happened there, they tried to open the ATM, which was bumbled.  Remember when they had to refile it about a week after, because it expired?  Embarrassing.  That didn't work, and then they filed the latest financing, without setting a price.  That is the one that is unforgivable to me.  Maybe MAXIM made them do that, knowing how desperate POET had become, but POET should have never let it happen.  Even if they had agreed to set the price at $3, we would have all been mad, but look at the price now!  Unforgivable.

But there is no way management is tanking the price on purpose for there own greed.  I guarantee you, every POET employee feels like sh*t about the stock price.  All their options are worthless right now.  Their paper losses are also huge.  These guys aren't evil.  Tom Mika, and from a business side, Suresh, are inept.  

There is blood in the streets again today, and panic, but this company does have actual products, and a path to profitability, unlike in 2016.  I'm sure MAXIM is playing with them, and has to refile because now they can get better terms.  POET has to close this financing, at any cost.  But if and once it does, this company can recover, and the price could recover fast.  Getting back to where I had averaged down, to $6, might take a while, but getting back to $2 or $3 could be quick.  

This sucks, but when trying to figure out what to do now, you can't look at where we were, you have to look at where we are now to decide what to do.

Close the deal POET!

Good luck everyone.