We were told that there would be a fully working demo by "early Q4" to demonstrate. Now approaching "mid Q4" and no demo yet. As I have stated before, the longer it takes to present working demo the more likely reality is that they don't have diddly squat. Further more, the "Use of Proceeds" states that R/D not to be completed until 2018. So, how can they meet their projection of "Net Income before Taxes and Depreciation" by Q4 of 2017.
We have been snookered my fellow Shareholders! All POET has is two Chinese companies and a very heavy cash burn rate. Not uncommon for inventors to be way overly optomistic about their "prospective inventions" when all they have is a concept, such as POET.
Next Ice Age may come before POET completes R/D. Additional funding may already be frozen. So, it is now make it or become another pile of junk cluttering the highway to success.That highway is an uneven and rocky surface of good intentions without success.
Sadness I express to so many investors like me who have been badly burned by POET.
Pecos
