No, Turr, you are not an idiot.
$70 per share is based on an estimation of $14 billion being POET's value. Lacking Pellegrino 2.0, this is somewhat over the thumb of course, but taking into count the sums that are paid for other mergers and acquisitions, I'd call this a quite conservative estimate.
I am a happy member of the $70 club. As of today I won't apply for the $650 club, because I haven't seen any calculations I could base such a decision on. And even if I had seen them, I'd probably still delay my application until the $70 club has achived 50 % or so of its target.
Andrea ("Powered by POET")