Poet Technologies Inc (POET)

[mackwheaton]

Agreed protocol, I think the 10/30 million scenario was presented in an earlier Zacks report, or just using BFYY 3 year numbers, I don’t recall, but based on most recent information, the lower numbers now seem to be the expectations. Why POET themselves refuse to clarify this is a bigger question. Either they agree with these projections, or have little confidence in their own ability to provide forecasts.

I may be wrong, but it feels like their earliest agreements with prospective customers have painted them into a corner. Maybe a more aggressive exec team could have presented this product development for customers as “No NRE, no deal”, but it’s pretty clear, based on the paucity of NRE, POET has assumed the cost of development of almost all products, including “tweaks” that are being requested by customers, which result in longer development time and greater expense.

POET execs have suggested many times that they may have been better off as a private company. That’s BS. Looking at companies like AYAR, CAI etc, Rockley, it’s an easy argument to make, but given the failure of the GaAs technology, I question that private investors would have had the patience to give them the second chance that existing shareholders gave them.