As of Nov 2: we felt it was important to secure the necessary funds today that would enable us to make critical investments in our business and product development. We believe without this investment the company's ability to ramp our existing products, as well as the methods by which we pursue full commercialization of the Poet technology, would be constrained.
It has been 2.5 months since that statement. Clearly they need more time to produce an optimized solution and I think they have told us that they will not report until they have those kinds of results and that they are going to limit information on this.
I was talking to Maple Syrup yesterday and discussed the disclosure policy. We talked about something Stephane Gagnon said during the last UCONN lab tour. He said that the posting of a roadmap/milestone chart for a company engaging in new technology development in such a competitive landscape was not something that most companies do and he was against it but could accept it because the belief was that POETs technology was so unique it would not create a meaningful advantage to companies with competition technologies simply because there was no competing technology. But he also cautioned that the level of disclosure on POETs development roadmap would certainly end in the future.
So when the new disclosure policy was announced it really was not a complete surprise.
