I understand all your points. What I don't understand and makes those points mute to me, is that all what you are saying about POET would also apply to another 4-letter company that has been me mentioned here plenty of times however, they have a much higher %-tage of "tutes" and hence also a 3x market cap of POET (now), and even 5-6x POET's market cap in the past.
So, when all your point are valid, why aren't they also for that other company? So, either we are using the same metrics to explain the low value and insti position of POET or, they are just straws but wouldn't hold.
Until now, no one could explain reasonably to me what we make wrong, and they do right.
The only thing that I see as an explainable reason (without knowing about the other company in detail) is the shorting based on warrants and the constant warrant overhang. Also, that timelines are pushed out in terms of production and revenue. The other thing that I can see, is that all forums discussing POET show a very negative tone and mood (mainly based on the can being kicked down the road, the low shareprice and the warrant talk) whereas, whenever I check a forum that talks about the other company, the mood and support "seems" better and more positive.
It reminds me on the mood in the POET boards when before the 4th terminal issue.
The long being said in short - POET get's no love from the investment community, which has mainly to do with the bad and weak looking chart.