You are quite correct, based on a valuation that's an estimate by another company. However, as argued, the semiconductor market has a gigantic annual turnover and POET needs a small precentage to do well. I think this is one of those very rare opportunities: a small venture company, revolutionary idea, rivals time warped with huge investment in technology that can't progress. The fly in the ointment, assuming POET's technology is competed, is convincing others of your idea. If they do it rewards are genuinely mind boggling. They seem to have made substantial efforts to produce a genuinely experienced board for the monetisation process. I wish you great success (and me too).

DNWL