The $70 club of 2014 is now the $44 club, based on a $10 billion market cap, approx 145 mil shares then versus 225 mil now, give or take.
Disagree with your 225M O/S??? Right now = O/S is ~229M; F/D ~244M. With the new Public offering ( @ $ 10M USD @ $ 0.45 USD = another 23M shares + warrants ( if one warrant then 46M can be added to the F/D pool this bring it to approx. 290M shares F/D)
So lets say the MC is around $ 10B/300M shares = a share price of $33 USD (@ 1.35 exchange rate = $ 44/sh CAD). I assume you got your $ 10B MC from Geoff Taylor statement many moons ago.
Based on the Pelligrino2 report, when POET is rolling out monolithic chips we will be closer to $ 4B MC. Thus our SP should be somewhere around $13.5/sh USD (@ 1.35 exchange = $18/sh CAD).
What year that happens, who knows. POET management have indicated EBDITA +ve in 2018. Doesn't mean POET will have +ve earnings but they will be on the right track.
This is ALL speculation and conjecture but it is MHO.