yp_1, I am talking about current prices compared with what a market crash might bring. If we haven't progressed with some contracts and verified 40nm tech, plus the ability to mass produce at reasonable costs, then, sure, we could be at $2 before a market crash and be at .50 at its nadir. But if we have progressed with contracts and technology before "the crash," then we'll be falling from say, $7/share, down to $4/share, so we will be well above current levels. The reason for the fall in that case will be mainly shareholders having to sell to cover margin callls for the remainder of their portfolios (not everyone is 100% in POET!).

Beyond that, with our relatively small market cap, success as many here envision it (from a technical perspective, not from a share price perspective), should make us pretty immune overall from a market crash, as I would see us rallying after any initial drop as theorized above. Because, as a more proven tecnhology, many will see the lower price as a great opportunity to get in, we won't fall through the floor. Again, with success as envisioned by most here, we should be at multiples of this price even in the midst of a 2008 magnitude meltdown. Again, "as envisioned here" is the key, as we truly are talking disruptive in a market place of galactic size. A small, small slice of that pie would be all one would need for a lifelong sugar high!

Also, there may be many people who need to give their heads a shake relative to POET, but I really believe I'm lower on that list than most.

Finally, you refer to "the" market crash (are you a King (End of the) World News fan - I do listen and I'm sure eventually, they'll be correct), I hope I didn't refer to it like that, because I prefer "a" market crash, which is inevitable, but the timing of which is far from certain. I do not believe there is going to be a crash anytime soon, money's ridiculously cheap, energy is cheaper than it has been for years, and if my morning and afternoon commutes are any indication, a lot more people are working now (at least in LA) than the last few years. Of course, corrections of 10% - 20% are possible and healthy, and I'm sure if we get down over 10%, it will seem as though the end of the world has begun, but part of that is because the overall market has been so consistent since March 2009.