Morning Start: When POET receives an expected (fat) NRE, they will take a portion of that to initiate a share buyback.

No way. They'll need all the money they can get for operations and for developing the company. As they said:

"By deploying novel approaches to both monolithic and hybrid integration of photonics devices, we believe the Company can become a global leader in photonics."

Once they reached that goal, we could talk about buy-backs, dividends etc. Until then, however, we'll still need our daily dose of Patience™.