Reasons to buy.
1) Pelligrino 1.0 placed a valuation of $1 billion on POET. So that is $5+ per share, albeit years ago, but still a 250% valuation higher than today.
2. POET has met all of its major milestones and is in the process of validating production. This undoubtedly ratchets the Pelligrino 2.0 to multiples of 1.0.
3.An incredible number of ancillary technologies, applications and intellectual property have been developed and are either in patent or application process
4.A Nasdaq listing will significantly advance the visibility and value of the company. Yes, there will be volatility and games as hedge funds and big investors posture to obtain as many shares as cheaply as possible. But as the technology advances to the commercial stage, these will subside and a steady increase of value should ensue as the revenue streams evolve.
5.Ajit Manocha has joined the company in a leadership versus advisory capacity. This is significant because he was not brought in as window dressing, he was brought on to lead through the hazardous jungles of partnerships, licensing, sub contracting, acquisition...you name it. And he will acquire 2 million shares over time. His salary is a pittance of what he could get anywhere else. He chose POET, right here and right now, and he understands the value of those shares will be tremendously higher than the $1.75 options as they mature.
6. The risks associated with this company are now down to one, an epic fail in ability to replicate the technology at a commercial production level. These risks are substantially mitigated by the progress to date, by Dr. Taylor's measured statements of scalability and replication with limited retooling, indicating his address of this potential farrier throughout the development stages. So we are left with this small risk against the vast implications of success.
I have an idea of the technology's potential, I know nothing of GaAs, 100 nm or thyristors, sensors, etc. but I do know that if I add the above points together I arrive at a current value well above Pelligrino 1.0, and a potential for seemingly incredible multiples of that number in the not too distant future. In my universe, I have no other investment or potential investment that approaches this in terms of maturity, likelihood for success, leadership and explosive potential. These factors are why I will not be critical of short term price fluctuations.
The vacuum created by the lack of information is always filled by (reasonable or unreasonable) doubt. It's up to each individual to sort through these doubts, weigh them against that which we believe to be truths and adjust our perceptions accordingly.
