RE: RE: I think it's time for the private board. The POET technology as outlined in the updated Presentation has been moved from 2nd Quarter 2013 to 1st Quarter 2014 for commercial readiness. That is a when I would expect things to really heat up, and I have no problem holding until then.
First of all the Optical Thyristor based Infrared /detector Array will be completes in third party fab expected in Aug. That is TRL6 and it is the level at which the US defense department will commit to contracts with military contractors. Boeing wants to be in discussion when that milestone is achieved. BAE want to begin discussing terms in June or July as they have a lot of confidence in POET.
Q1-2014 is when they expect to have milestone 9 which is full integration of all devices on a single die. POET then becomes available for microprocessing.
Did you look at page 17 of the corporate presentation? It shows the OE interface as the first potential commercial application. So why do you choose to say that they will not have a commercial product until they reach the final milestone in Q2 -2014...You are wrong based on the very Corporate Presentation that you make reference to. You are being very selective in your quotes of that document. Also you are constantly making false statements here. Why? You want to have a balanced discussion but there is nothing balanced about your statements they are misrepresentations of the facts.
For those pushing for a 4 to 5 bagger in the short term, that is a trader tactic for drumming up support. Thing is, it hurts the share price long term when those caught buying at higher prices realize that they bought too early.
The ones pushing for the share price to be increased to $2.50 in the short term is not me or oogee that comes from the monetizing team.
Opel Presentation - Part 3
Lee Shepherd (continued)
We have been building devices since 2004. We have been building devices in 3rd party fabs. Essentially to make sure that the recipe is transferable since 2010. 2011 the first ones were completed and that has been going on continuously since and will continue on through calendar year 2013. There is a bunch of milestones listed on the presentation. What these basically are is the culmination of Geoff’s quarter century of work where the parts that he has designed, built and optimized. He is building them in a form that I can go and take and show to folks at Intel, at Samsung, at Philips where ever and say you don’t have to believe what I tell you. I am going to leave this with you take it to your lab and do whatever you want to with it and call me back. I know you will call me back because you will be impressed. So we are spending the year making our physical proof points in our own fab as well as at the BAE fab to go out and show the world what this stuff can do and how it works.
Peter Copetti (he has been told he has 15 minutes or less).
So Lee spoke to the science part of it and it gives you at least a bit of an idea as to how important this technology is and what it can do and here are your milestones. So how do we as shareholders or potential shareholders or investors why do I invest in this company? What is management going to do to make me money? That is what you have to be thinking as an investor because if I was in your shoes that is exactly what I would be doing. OK this is all great and dandy but how do I cash out of this thing? Where do I make money? The fact that this story number 1 is untold is a great thing for you guys sitting here in this room because that is more upside. The fact that we are not going to need any more money is another great story because there is no more dilution after this. We have said that, we put in print and we believe that. Thirdly how are we going to get the story out? We were in San Francisco; we are hiring a PR firm in San Francisco that is strictly to do with Silicon Valley types of investors and companies. Deals only with them. They are fantastic; they are going to position us with the leading companies. And line up the dates. I did not clearly hear or get the intent of his next line but I think he was saying that this PR firm will make it known to each of these companies that POET is being presented to all the main players. They have a tremendous institutional following. They are going to put us in front of institutions and funds in the US which we have never had. We will finally be able to tell the story to the funds, we have the time to do it since we have jettisoned out of solar, and we have the people to tell the story properly in front of them. We aren’t going to raise any more money. If they like the story they are going to have to go into the market, we will not be dependent on one or two key guys, one or two funds in Canada to do our work for us. As a company we are driven to number 1 get the story out. Number 2 to increase the share price because when we sell the company as a team with think there is a big gap between what the real value of the company is and what the value is in the stock. So we want to close that gap so when we sell the company we sell it for an appropriate amount of money. We have had board discussions and management discussions about this and we are targeting that as well.
Poet technology the way Lee describes it; there is not a single company in the world that is big enough to use all of POET for what it does. Intel or not anybody else. So we could easily envision someone like an Intel buying it for specific parts then calling in some of their friendly partners for other parts and syndicating it. We would try to put that together ourselves as well. We are producing a white paper now we have targeted about 50 companies we are going to engage. We have already started the monetizing process by engaging and speaking to companies. Lee has done that on his own and we have great feedback already from them. Like he said at first there is disbelief that we are really doing this and when they know that we are half way through the eighth inning of a nine inning game then they can’t believe it. In San Francisco and in the valley they were absolutely shocked of what we have and the fact that nobody really knows about it. So on a risk reward basis as investors that tells me there is a lot of upside. I am not worried about dilution. I know the story is going to get told. I know management is focused. We have a good burn rate. It is a great story. As an investor it is a great story. Nobody in this company has sold stock since Mark and I have arrived. There has not been a sale. There is a new culture at this company not like past practices. The fact that the Chairman has brought that kind of culture he comes from a NY stock type of company. He believes in it, we are not selling stock. We are in for the long run as management and as directors. Lee Shepherd was a missing piece that we didn’t have before, he can really speak to the science and Mark and I can do the business side of it. Geoff Taylor is by far the most important piece of this puzzle. This guy has dedicated his life to it. What you must know as well is that there is another 12 guys around him that absolutely believe in this science they are dedicated to see it to the end. And it’s not just for making money it’s all about changing the world. And that team is what we are going to be selling to a potential syndicate of companies or one company. It is important that Geoff and his team have that vision because it makes the sale that much easier.
End of Part 3 (Mark Benadiba is up next)