Schnauser, your post makes a lot of sense to me.

If super phonics gets listed, then PTK gets a new indirect source of investor interest, all long before it gets to the Nasdaq.

I have no idea whether Super Photonics will seek a listing but it probably makes sense. I know that POET has looked at how desirable it would be to list in HK as valuations in that market tend to be higher than North America.

If SuPho does list then the valuation of POET becomes  directly tied to the SuPho  valuation. POET’s ownership was identified as 47% in the LOI.  Then the fun begins as we start to assign  a price  to POET based on .47 * SuPho + POETs interest with the NA Tier 1 and Europe (SUPPLY AGREEMENT WITH LEADING EUROPEAN OPTICAL SYSTEMS COMPANY FOR A 400G DATA CENTER APPLICATION )   

Regardless of whether there is a listing in China the Sanan investors will ultimately assign a value to the Sanan JV with POET and that valuation will impact POET’s valuation assessment.