Just a thought, I have no experience in buy-out offers, other than reading about them.
In March 2010, we were given a $1 Billion dollar valuation - as far as I know that wasn't based on the stock price.
Using the current stock price to determine the value of an R&D Company that has been ''off the radar'' doesn't seem to make much sense.
How did the buyout for WhatsApp, a private company, reach $19 Billion? Based on the inherent value and future potential.
I would like to think the manner of determining POET's value would be similar to the process of determining the value of WhatsApp as opposed to focusing on the current stock price.