That's because the RSI uses a short term moving average like 10 or 14 days or so for their calulations. So technically for that time range they are right.

Generally, and for all intents and purposes. 

Oversold is a condition in which the price of an underlying asset has fallen sharply to a level below where its true value resides. 

If someone believes that the true value of Poet is 30 cents then I guess for them Poet is not oversold.

For me, I believe present value from what information we can get and what they tell us Poet is oversold.

For me, I believe Poet is going to be worth a whole lot more thus, for me, it is grossly oversold.