It is difficult to rationalize the disparity that exists in the market value of POET compared to both where we have been and where we are now.

As we speak the market cap for POET is  $82 million in Canadian dollars and $61USD.

PTK maxed out at about $500 million CAD market cap based on GaAs while working out of a university lab. 

And today LWLG has a market cap of $560 USD. Why? What justifies this level of disparity. Here is what LWLG reported Q2 ending June 30:

• Revenue Recognition:

• The company's first commercial agreement occurred in May 2023, in the form of a four (4) year material supply and license agreement (the "License Agreement") that incorporates the company's patented electro-optic polymer materials for use in manufacturing photonic devices (the "Licensed Product"). The licensee shall pay the company a running royalty with a minimum royalty paid on an annual basis over the term of the License Agreement. Additional future revenue will be generated from royalties from the licensee's sale of Licensed Product that exceed the minimum royalty payments. The License Agreement is a non-exclusive material supply and license agreement.

• All revenues are recognized over time commencing with the License Agreement in May 2023. No revenues were recognized for the three and six month period ending June 30, 2023 since the licensee did not requisition material as of June 30, 2023. An up-front licensing fee in the amount of $50,000 was paid during the three and six month period ending June 30, 2023 and is recorded in short term liability deferred revenue in the company's balance sheet as of June 30, 2023.

Let's hope that POET has some dry powder in terms of news that they have held back to restore the share price to something normal given the stage of product readiness that exists today.