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Agreed, I did not want to state that at the risk of sounding like I am pumping it. I doubt that a buyout is any where in their immediate future though.
That was Sheldon Inwentosh, who was chairmen of Pinetree Capital (PNP) and on the board. Early in development, he was a pivotal investor. His stewardship of Pinetree ended last year and both he and Pinetree divested significantly, Pinetree because of fund liquidity, Sheldon appears to have sold part of his position to buy another stock in August which quickly tripled in value.
His influence is now limited to shares in hand, of which he may hold a 5% position. Also, their was a considerable warrant overhang that hit last September, and it is believed he sold shares at that time to exercise those warrants. Those issues are now in the rear view. POET's biggest problem is being stuck on the Venture exchange. Once they make the move yo the Nasdaq, visibility should increase dramatically. As of now, it is likely that at least 80% of the investors are Canadian. They need to get into the $4-$5 range for Nasdaq and institutional/fund investment interest here in US
fullthrottle , question belongs on Poetf board, answer is they said something about other commitments more important to shareholder value. I'm lukewarm on that and I won't speculate , I think Ajit Manocha could have represented them. We will see.
There were delays in the 2015 milestones, ring oscillator and VCSEL, attributed to a sputter tool malfunction at UConn in early 2015. When Venkatesan became CEO, those milestones, while completed, were set aside as demos were not going to bring customers. H
He envisioned the move to commercialization as one that required a specific, relatively innocuous device that could demonstrate POET technology universally, safely, successfully, so the switch to focus on using the VCSEL in redesign of an AOC. The path to a commercial product required epitaxial wafer prototype, completed with Anadigics, commercial production of the wafers, now being done with WaveTek. The next step is device on wafer, by 2q16, prototype devices in hands of prospective customers 3q16, product revs by 4q16, with AOC by that time or beginning of 2017. They are on target for these .
Take a look at the links I gave Rick, they include milestone dates for each phase and for future devices. Thanks for your interest.
Here you go Rick, these documents answer those questions far better than I can. It's pretty much all there in summary form, including specs. Enjoy.
http://www.poet-technologies.com/docs/POET-Transceiver-White-Paper.pdf
http://www.poet-technologies.com/docs/POET-Technologies-Corporate-Overview.pdf
And this from the CEO, September 30 presentation:
“Put simply, that means we make what’s on a wafer up to 10 times more energy efficient, 10 times cheaper and more than 10 times smaller,” said Dr. Venkatesan. “And we believe we are the only company that could achieve this level of disruption.”
FWIW, Agoracom is a Canadian website that primarily supports Canadian stocks, these include oil and gas exploration, mining/minerals and start ups. They are highly speculative investments, no different in that respect than many here on IHub. Are there people who try to use this venue to move, buy and sell? Absolutely, no different than IHub. I see advantages to IHub over Agoracom and vice versa.
I agree somewhat with feedback about their ratings/rank systems, while it is valuable to highlight posters based on board feedback, I think it should be downplayed as a caste system. It does help to maintain order.
And face it, mods are mods everywhere, good, bad, power hungry etc.
Bottom line, with exception of the ratings system and the free use of private messaging and other features, the are public investment social media, use them at your own risk. Their links library is very informative for the POET board.
As for Lightwave , I look forward to its development, though with curiosity versus skin in the game for now. All in all, I think the future is bright for technology in general, pun intended.
Hey Rick, I posted a segment from their CC over on their board. It describes their AOC device.
Thought this piece from the CC would provide an idea about the devices and timeframes.
25:12 – Question: When can we expect your first product introduction? Will we see proof points soon?
25:17 – Answer: As we said on September 30th, our plan is to introduce these optical engines – what we call optical engines – they are single-chip monolithically integrated optical transceivers, and for explicit applications in short reach and very short reach data communications in the form of active optical cables, or what are called AOCs. Ahead of that, we will clearly market and sell individual components, like for example the detectors, opportunistically. Not only to drive early revenue, but also to vet our solutions in the market. We believe that the POET solution could provide an immediate margin of expansion to customers using our solutions, even in otherwise low-margin or commoditized product lines, so we are extremely bullish about our market penetration here. We are all trying to complete our first devices in the current quarter. Our next quarter remains the target for basic component-level functionality. And that’s the basis, if you will, for prototypes in the second half of the year just as Subhash mentioned earlier when we talked about our on-going milestones. It remains early in our evolution at this point to precisely define and provide a roll-out for our first product. However, we do expect this to feature our unique ability to integrate optical components along with control electronics. So we’re talking about VCSEL-based, monolithic, single-chip optical transceivers.
26:48 – Question: Another question about the active optical cable: Can you briefly explain the benefits of POET’s active optical cables and how customers would use it?
26:58 – Answers: Well, that’s a great question. I want to kind of separate this into two parts:
I just want to give a background for those on the phone as to what is an active optical cable itself, I mean active optical cables or AOCs, these are cables were optics are actually hidden to the user. So both ends of the cable are electrical and the electrical-to-optical and the optical-to-electrical conversions are actually hidden in the cable itself. So from that perspective an AOC is interchangeable with currently used what are called direct-attached copper cables, which of course are completely electrical on both sides. Now relative to copper any active optical cable has the advantage of dramatically lower power, size, weight, flexibility, reach, and also what we call electromagnetic interference. So the disadvantage historically and even today, with any AOC, as it relates to the direct-attached copper cables, has always been cost. The cost of an AOC is about a factor of three, if you will, more expensive than copper. So that’s always been the disadvantage.
So the question then is, what is POET’s AOC and how does it compare to the standard AOCs in the market?
There are four distinctions that we consider when we talk about our optical engines. With a POET AOC, the entire optical engine is integrated into a single chip on the wafer. So you don’t need to deal with multiple components and packages when dealing with a POET AOC engine. Second,the single-chip integration of all the required components enables really novel, unique, wafer-level tests and wafer-level packaging techniques to be applied and this dramatically simplifies the assembly process. The third distinguishing feature is that the POET VCSEL typically lases in single-mode and so the POET AOC could potentially use less expensive single-mode fiber in its deployment. And really the fourth distinguishing feature again comes about by this integrated capability of the POET platform. Since all the components of the POET platform are in the optical engine integrated, our cost, if you will, tend not to scale linearly with the number of channels, like a typical AOC does. So the cost benefits which we believe are already significant for a single channel, multiplies for multi-channel configurations. So those are really the four distinguishing features of the POET AOC compared to an AOC, and I also threw in the distinguishing features of an AOC ??? what is called direct-attached copper.
Thanks for your interest JJackas, but I'll stick with this one. It remains an accurate depiction of what is to come. It seems you jack patience.
http://seekingalpha.com/article/3278165-poet-technologies-about-to-move-from-stealth-mode-to-wealth-mode
Hey strik, good to hear, I'll have to look at those, also checking into a few others (jrjr, rave) for intermediate plays, though my free funds are limited.
Waiting for POET is frustrating but will be well worth it I believe. Have not been here for a while, will catch up and post some updates if I see the need.
Ha! Thanks for that. I get tired of the any day now feeling, but it will happen.
Remains on time, on target, with expanding verticals. Probably not enough to move out of a trading range until NRE, product revs or major partner announcement.
Proto, I won't litter your board with POET posts, I will respond on POETF board. Best, Mack
Thanks Rick, I'll steer clear of here for now, until I am invested
Agreed, just gave you that as a possible point of comparison. Best of luck to you.
You can start here, since LWLG is promising a transceiver soon.
http://www.poet-technologies.com/docs/POET-Transceiver-White-Paper.pdf
Don't rely on others for your DD, check it out for yourself. Fact: POET will have commercial products this year, more likely, within 6 months. Revenues will be the difference. Good luck however you decide.
rickface has been converted to the light side, POET Technologies (POETF). Don't worry though, he still loves LightWave, did a great job of representing LWLG on POET Agoracom board. Some great posts there comparing the technologies and where each stands commercially.
POET has a conference call at 5PM today, first since Sept 30. Worth 45 minutes of your time. These two companies might be complimentary in the future. Good luck.
Groovevc just added to their list. Been hot with RAVE, INUV, now this. Good at calling bottoms. Might provide some great momentum trades along the way too. Nice pick.
Thanks nsomniyak,
The key is the milestones, then partnerships. The CEO spent the better part of this week in France at an industry conference. While this was a prior commitment, I don't think for a second that he would have spent the better part of a week overseas if the milestones remained a problem. He would look very bad in that case. My take, they are absolutely done.
July should be very interesting.
Have to remember he was there as an industry expert and not a POET shill. That he was there as an expert elevates his status as the CEO.
Regarding his discussions of technology, I'm neither a scientist nor a genius, there may be some synergies he sees with FD-SOI that we have no clue about. But he is spot on about the optics, I can see them rapidly bringing some devices forward such as VCSEL, and plowing forward to the POET vs PET solutions ASAP.
PET will be fantastic, POET will blow the rest of the industry away, and why "Powered by POET" will become the industry catchphrase for decades to come. It's also why Manocha, Venkatesan and Deshmukh are there.
Thanks strik. I suspect we will see much more news from the company over the next few weeks.
It's about telling the story and exposing others to the company and the technology. I don't trade the stock, whatever moves may occur as a result of the article will not change my investment.
If more people become aware of what POET is and what they do, great.
A disruptive technology about to explode . Beat the IPO like mania.
POET Technologies Uplisting: An Angel Investor Opportunity For The Individual Investor
As commercialization approaches, POET Technologies (OTCQX:POETF), trading on the Canadian Venture Exchange and the OTC as a foreign equity, is a prime candidate for an uplisting to a US market.
POET's cable business network advertisements in the US point toward an upcoming uplisting into US equity markets.
Investors purchasing shares of POETF prior to a move to the Nasdaq could benefit from pre-listing pricing discount similar to that experienced by angel investors in an IPO.
Introduction
POET Technologies utilizes gallium arsenide (GaAs) fabrication processes never before achieved to deliver much higher semiconductor performance (up to 10x), significantly lower power usage and multifunctional capabilities on a single chip, including universal memory, electrical and optical functionality. Simply stated, the step function advancements will change the semiconductor industry, which is struggling with yields and delays at advanced nodes, along with rapidly accelerating capital and per unit costs at lower nodes.
A Nasdaq Listing
As a Canadian company, access to POET's shares is largely restricted to individual investors and Canadian investment firms, and the current share price ($1.23 US) and market cap (approximately $215 million) reflects this lack of visibility to American investors. POET appears poised to list on the Nasdaq to increase institutional awareness and liquidity as it moves from late stage development to commercialization.
In order to achieve and maintain a stable share price adequate for listing, tangible evidence of POET's capabilities will likely be required. POET anticipates the completion of two key semiconductor devices that provide independent validation no later than the end of this quarter. Positive results will likely spur a flurry of potential partnerships and licensing agreement negotiations. Such activity should favorably impact the current share price and facilitate an uplisting.
The Opportunity
While POET's listing would have many characteristics of an IPO, it becomes the initial chance for US institutional investors to secure positions in the company. A marketing campaign will likely precede the listing to pique interest. "First day listed" demand for shares will drive interest and attention well beyond that seen in normal day to day trading as POET is introduced to the US investment community on an unprecedented scale. Early participants may benefit from the confluence of demand, marketing, and announcement of material events required for a successful listing.
POET's is currently running TV ads on business channels in the US to increase visibility. As there are not yet specific devices commercially available, these ads are likely intended to create market awareness during the run-up to a Nasdaq listing.
From Development to Commercialization: The Power of Four
POET's apparent emergence is increasingly supported by the addition of three industry leading semiconductor scientists/executives joining with Dr. Geoffrey Taylor, the inventor of the POET (Planar Opto Electronic Technology) Process and world renowned expert in GaAs semiconductor technology; Dr. Ajit Manocha, Executive Vice Chairman, former CEO of Global Foundries, and member of President Obama's Advanced Manufacturing Partnership Steering Committee; Dr. Sukesh Venkatesan, CEO, formerly Senior Vice President of Technology for GlobalFoundries; and Dr. Subhash Deshmukh, COO, formerly VP Emerging Technologies and Products, Applied Materials. The CEO and COO assumed their responsibilities last week. These four highly respected and accomplished individuals have more than a century of combined semiconductor development experience and achievements.
Highly accomplished professionals simply do not leave leadership roles at multi-billion corporations for a tiny developmental tech firm on a whim. They do so only to pursue career defining opportunities in their distinguished careers. For them it appears POET may represent a historical opportunity.
The addition of former executives from Triquint and Applied Materials to the Board of Directors, and the establishment of a Technology Roadmap Advisory Board (TRAB), whose mandate is specifically to guide commercialization of the POET process, serve as further evidence of both validation and the move toward monetization.
The potential is for POET to be both complimentary and disruptive to the $600 billion semiconductor industry. It's an elegant solution to the growing complexities associated with improvement within stand alone silicon based semiconductors. POET's processes can be readily introduced to current silicon CMOS fabs, saving companies tens of millions of dollars in retooling, upgrades, and R&D.
Risks
Delays in the completion of their milestone devices may impact other activities, including an application for a Nasdaq listing. However, the decisions of the new CEO and COO to accept their roles point to the likelihood that these milestones are at or near completion.
While the interim CEO Peter Copetti suggested a Nasdaq listing may be in their future, the new CEO has not stated his intent at this time. The prolonged delay of a listing may negate the impact of material news, as the market has not responded to earlier events indicative of progress toward commercialization.
POET's technology may not only compliment existing fabrication processes, it could be seen to displace current CMOS technology as it evolves. It is likely that established industry leaders that have sought to perfect their processes over decades, at incurred development costs in the hundreds of billions of dollars, continue to improve their products . History describes attempts at industry disruptive achievements as rarely successful due to the enormous advantages of time, resources, and capital available to the established leaders in any industry. POET will need to overcome such historical barriers to succeed.
Companies with no revenues almost always face the risk of capital exhaustion prior to achievement of their goals. POET has managed their capital in outstanding fashion, and, at last report, had nearly $15 million in cash and a burn rate of less than $500,000 per month. While this will increase with the addition of top level executives, capital to continue operations should extend well into 2016, with revenue generation still anticipated to commence this year, thus further reducing any potential capital concerns.
Summary
The recent acquisition of industry leading executive talent, the anticipated completion of key devices demonstrating the power of POET's technology, and the potential to up-list to the Nasdaq create a rare and compelling proposition for individual investors to gain an early entry into a revolutionary semiconductor technology. As one of their advertisements states "One company is changing the foundation of electronics". Should their plans succeed, it could change the foundation of many investment portfolios as well.
Good for us eh buck?
It's cool though, not going to waste time telling people here, busy helping friends and family on the path to
POET riches. Be well, strik, Buc, Rick, Steve.
I don't expect anything earth shattering out of the AGM. The new COO starts tomorrow. We could see a news release of some sort this week, was hoping to see the new CEO this week. Blevins is still in the dark, but this Apple connection cannot be overstated.
Hopefully we get more news soon, but I set August as my determination last August so I'm sticking with it.
Yeah I pulled it as my IPad double pasted a big chunk of it. Note that it was my IPad's fault, not mine. ; > )
Yeah,timing has sucked. I don't have anything else right now that looks like it might pop sooner so I am hanging in. But I have missed out on several quick hits this year while anticipating this to move. Breaks of the game.
Me too on both counts. It will pay off though.
Good luck, when it happens here, unless there is a halt or a buyout,you may have time to still get some relatively cheaply.
Lots of folks have contacted him in the past, he responded to q's and who the heck is going to imitate him and provide such benign info? That and his screen name has not changed since he began posting.
I had predicted last year that we would be around $4 by August 2015, $16 August 2016, $64 2017. Thought I was being very conservative with my 2015 prediction, not so now.
Thanks it lasted a few hours, but got my rating back down to 3.6, took me off the list. Don't want to babysit that board. That $37 billion acquisition of Broadcom by Avago is huge, shows the potential we have if all plays out.
Good stuff today, complimentary technologies will certainly be in our future. There are likely some very high stakes poker hands being played right now, it will be interesting to see who wins, besides us of course.,
Hey strik, I decided last August to give this a free run for a full year, barring significant setbacks. I remain on that tack. I have seen companies continuously update shareholders with PR releases, tweets, you name it (ONCS comes to mind) to no good end. These guys are mature and professional and my read is, if they are not talking, it's either because they can't, or they are in the midst of such intense activity (boarding CEO, deals, partnerships) that appeasing us will come with results of those activities. We will be fine. Have a great Memorial Day weekend.
We'll be fine strik, taking longer than I wanted but it will happen.
JJ, I am glad you left the dark side, though I am still suspicious of your highly negative posting in the past, I suspect as you were accumulating shares.
Good luck, the lowering of the possible reverse split from 5 to 1 to 3 to 1 clearly points to a significant share price increase in near term, otherwise they would want to keep the 5 to 1. Very bullish sign.
I believe that, either Blevins is the new CEO, or POET has a significant and established relationship with Apple, or both. The release last night gave me cause to re-read some of the prior filings. One that caught my eye again was March 30 announcement of BAE relationship, the TRAB creation, and options grants to Daniel D. One of these items really does not ordinarily fit the profile of a material change.
Consider:
1) POET announces a new advisory board , consisting of Taylor, Manocha and Tony Blevins, no bio, no edification, nothing else. Why is this a material event? Advisory boards function within the general parameters of operating a developmental company, no reason to flag this. But what if the generic addition of Blevins to the company in some nominal capacity allows him to function as defacto CEO for several weeks/months, without distractions of public/media intrusion, get up to speed and be actively involved in all negotiations? If not because he is the defacto CEO, then why bother announcing a newly created advisory board at all, specifying his membership? And deliberately leaving out his affiliation with Apple? Its simple, you announce it only because you are required to do so, otherwise, you can bury his involvement in a 'contracted consultancy' role. They could not bury this if he was going to be actively involved in making decisions versus recommending actions. Can anyone provide another logical explanation for this deliberately obtuse action and even more vague announcement? It's the only plausible explanation I can come up with.
2) How beneficial would the placement of an Apple exec in the CEO position of a company that is about to deliver the the greatest advancement in chip power, speed and multi-functionality be to Apple, it possibly gets first crack at the tech, but can also ensure supply chain for decades? The fact is, he is already geographically right there, and can easily transition into the new role.
3) Deshmukh hired--No chance this gets done without new CEO approval. None.
Of course this is all circumstantial. But can anyone confirm anything TB has done since his TRAB announcement? His location is a perfect cover to begin the transition quietly.
There are these other possibilities:
1) Even if Blevins is not the CEO to be, Apple allowing him to be on advisory board is a clear indication of an established and significant relationship with POET. One that no doubt involves some level of exclusivity in exchange for $$ and likely a piece of the business.
or, for the pessimists and doubters,
2) There is a major problem with their milestones' completion, lab to fab, resulting in a significant delay. If you believe this, then explain why two new board members, Blevins and Deshmukh would still stick their necks out and join an unproven technology company even in a limited capacity. No doubt they would wait until such issues were resolved before committing.
I was skeptical of someone of Blevins caliber taking the CEO position until an active VP from a $25 billion company decided to become COO for a company with 1/75th of the market cap of his current employer. That sets the bar for a new CEO very high. Now it becomes apparent that the new CEO has to be coming from an even bigger stage. And Apple is one of the biggest stages in the world.
So if I am wrong about the CEO, at the very least, POET still has a significant relationship with Apple that entails Blevins being on a POET advisory board. How huge is that? And if I am right, how will the U.S. Markets react to an Apple exec leaving to become CEO of a heretofore unknown tech company? How much buzz will that create in Silicon Valley, in the investment community and in the tech world?
Lots of ammo in the arsenal, just a question of which weapons they chose to deploy, and when.