I would agree with you MS.Once one or some deals/prtner/license agreement is announced and the street learns about the applications / the potential / hyper-growth to come, I believe POET will be given a PE of at least 80.
Look at Freescale's PE of 166, Fairchild's PE is 245 with EPS of .07 with 119M shares. (thats earnings of only $8.33M)
Any thoughts on what kind of earnings we may initially secure with a deal/partner/license?