"POET will be viewed as a growth stock and will trade based on a forecast of revenues. Once they announce a partnership with the company it will begin to trade based on a multiple of expected EBITDA in future years. NRE will not even be looked at as part of that calculation it will be all about forecasting future cash flow."

Could not agree more, FJ; it has become a mantra on this board that significantly higher share price can come only with revenue - that's just not so. If there were an announcement about household name company signing a significant deal with POET, we'd be off to the races - the anticipation of revenue and growth would be more than sufficient catalyst for the share price at that point.