I understand what you are saying, what I don't understand is, what the so often brought up example LWLG is doing different.
As, all you are explaining makes sense to me, but only as long as I know, that they have nothing of what you mentioned either, even less than POET, and yet they are valued so much higher and have so much higher institutional and insider holdings compared to POET.
That seems to me the almost only explanation in difference, the insti holding and the insider holdings.
LWLG has no product, they have no sales, they even are less advanced in their progress and yet they are valued higher than POET has ever been.
The difference is not the "big news" or "sales" the difference is the holding structure which POET is held 98% by retail.
So, are we (retails) our worst own enemy as many times mentioned here?