Despite those accomplishments, it has been a challenging year, at least in part because of a difficult global capital market environment for pre-revenue microcap companies. While our recent equity financing fell short of our expectations, resulting in the need to raise additional capital in the relatively near future, we continue to discuss financing alternatives with investors and with partners who share our vision and exhibit confidence in the value of our technology and our technical achievements. Multiple potential avenues to financing remain, and we will continue exploring each of them in parallel over the next few months.

All of that fluff and just one snippit talking about the finacial affairs of POET. Most of us understand the technology side is doing great and we are one the right track, we are sold on it. We want to hear about the financial wellbeing of our company, we want to hear why we are in this position and what has been done to prevent this from happening yet again. Twice now we have had a terrible finance announcement. Thats twice too many for me. Yet again blind to us retail investors, we have lost millions over ther last few weeks. Its just not good enough.