RE: RE: RE: More meeting notes bitwit,
Aves is correct. The "Lee" you hear in the Pellegino conference call is Leon Pierhal, the CEO, not Lee Shepherd who was hired a mere few months ago.
If you are going to go back that far you need some context about what the company was trying to do at that time and what the plan was for monetizing POET.
Back when that announcement was made OPEL was aiming to be more of a solar company than a chip developer. If you were to go back to SH from Feb to April 2011, you would see the shock and confusion that a solar company had a $1.3B valuation on chip designs. From what we were told the company never even discussed POET at their AGMs until 2010.
So nobody really had time to formulate decent questions for the conference call. Also, there were no corporate presentations or white papers to read. There was just an smattering of online articles with which to judge and analyze POET's worth. And of course there was the company itself, all puffed up from the increase in SP and extra attention. At that time I was told by Pierhal himself in a phone conversation that they were already meeting with IBM, Intel, AMD, etc and they were simply drooling over the tech (in visibly jealous in the case of IBM from what I was told). Of course, now we know that these meetings either never really happened or they were totally ineffective because Lee Shepherd is learning that the US investment community and even the tech companies we hope to entice are baffled that POET could develop so fully without them knowing about it.
The other part you need to know is that OPEL is a failed company with respect to the solar side of the business and it very nearly bankrupted us leaving the POET IP in the hands of a bank as collateral for a loan that OPEL wanted to boost the solar side. We were promised that people were buying our trackers "in leaps and bounds" just before we reported a stupendous $40k in revenue for the entire first quarter of 2012.
There is much more I could say but I'll end the history lesson here. You concern that Lee might not be in it for the long term growth of OPEL is accurate. None of the new directors are. Copetti, Benadiba and Shepherd are here for one reason only - to sell OPEL for maximum profit by early 2014. There will be no more talk of licensing and product development. That stuff will be left up to the companies who pay us for POET.