POET Technologies Inc.

August is what I seem to remember for the burn rate to wipe us out. However, we dont know if the spending has increased. I would have to assume it has at least by the cost of the new Pellegrino report, and I think they were talking about hiring more staff? My estimate would be June or July if those two things are true and no warrants are exercised or no new cash flow. New report should be out with some time but not much before we would need to raise cash. Dilution from a partner is a possibility but so is a buyout so at this point no telling.

Bcd