Big companies spend billions and billions every year in R&D trying to go down a few nm. Poet spends 300k/month. People are very selfish and just thinks with their wallet. Poet have a small team working hard and since the beginning of the year they have delivered what they said. We have gone down from 800nm to sub 200nm. Give them a chance.
As for the market fluctuation, poet can worth 0$ if you don't believe in it, it can worth 70$/share for others and between those number a 400M market cap or 200M market cap, that is peanuts.
I have seen a cashdown for a house appear and disappear in my account but my belief in poet remains the same.
If we have an acquiror he will have all the Team and Money to pimp the technology.
What they are trying to told us is that the Poet technology is mature. We have validated with BAE the electrical and optical components. Now we need to tune up the tech and first we need to have something for sale. That is why I believe the first sale will be with BAE (it's the last thing that was validated):
Defense
• Infrared Sensors (Uncooled – SWIR, MWIR, LWIR)
• Integrated photonics and electronics for:
• Radar and Lidar
• Communications
• Displays
• Hardened computers and memory
• Microwave and millimetre wave power sources
Like Mr. Copetti said, they are a small company and they need to focus on one thing at the time.
Sorry for my terrible english.