Scary you hit the nail on the head when you plugged Taylor into the equation. There could very well be an offer on the table right now, but perhaps Taylor wants to see what other offers are out there. If an offer came in, POET could easily decline to consider it before executing the "dog and pony show" first. And it doesn't have to be a lowball offer either. If POET is as good as it has been said to be, companies will not put a time limit on their offers.

I think it was maing who posted Chris's email reply to the possibility of a hostile takeover. He more or less confirmed what I've always held which is that any deal would have to be good for shareholders, but it would especially have to be good for Taylor. He can't be forced to work under conditions unfavourable to him. So in that case, a suitor company wouldn't be able to go straight to POET shareholders with an offer without risking Taylor's resignation. This deal POET is arranging is a package deal. You get the IP and you also get Taylor and Co.

BTW I'm not saying that POET insiders wouldn't settle for a buyout at $5 - that's a tidy profit for them. Collectively they have enough heft to push it through with or without retail shareholder's consent. But personally I still strongly feel that while the first offers will be seen as a premium on whatever SP we have when it is divulged to shareholders, I think if more offers come in following the "best" offer, the price will take on a life of its own, irrespective of SP. Remember what IBK said at the 2012 AGM - he's seen SP quintuple at auction in the span of a couple of months.