As POET's products become better known and orders are booked, it becomes a more expensive acquisition. Suresh knows the road map, the potential, and the limitations of what a small pre-revenue company can get in a buyout. The potential buyers are pretty busy with the unfolding of the photonic age, along with the AI frenzy. POET's products require a whole slew of partners. If you are a big player, you need to play your hand actively, but buying up all the promising companies early in the game is not how it is played. Sometimes, but not in this space, I think.
There will be a day when POET's value is ascendant; the road map will feed a hungry stock market that is always looking for the next NVIDIA or Qualcomm or ???
If you don't think this way, I don't know why you own this stock. Granted, the hope has been beaten out of many of our fellow shareholders due to the extended timeline; adding in the pre-Suresh era, it has been awful.
I view it differently, having bought it about two years ago. My view is, "How long should it take to turn an industry on its head?" I think they are actually moving pretty fast. We see the base hits, but no runs are scored. I think the bases are loaded at the moment.