POET Technologies Inc.

Someone mentioned yesterday that 1.2 million would be a decent size NRE payment, and I think FJ said it would be higher. Then a breif discussion tookb place about not knowing how much an NRE should be for. I beleieve (please correct me if I am wrong I dont have the document in front of me) P1 said an initial license fee of approx 50 million followed by royalties. Does this sound correct? That would really get the ball rolling!

Bcd