The Nasdaq is currently in a bull run. Up over 20% since it's most recent low. Once again my opinion.  Poet does not correlate with this market. It is acting independently. 

Institutions are waiting for purchase orders and production. Some customers are waiting for proof. They need to see the product produced at scale and functioning. Especially the 400g tx/rx engine. 

It actually makes sense. If you really think about what Poet will accomplish.And I do believe they will. It's just going to take a little more time. 

As Suresh stated "time is money" unfortunately for me that time frame has limitations.