They have not denounced a liquidity event. The licensing model is not mutually exclusive to that. Only the timeline has changed. Sign a few deals and make the market eventually pay the fair value for the company

From: http://poet-technologies.com/poet-technologies-special-strategic-committee-announces-key-updates/

Mr. Copetti continued: “This is the critical period approaching the last phases of development, towards the introduction to the semiconductor industry of a revolutionary, and validated, process to produce integrated monolithic optoelectronic chips. The Company continues to target a liquidity event for investors, which has remained a primary objective throughout our discussions.