The best way to look at Poet is as a new start up from 2017 when Suresh switched gears to the current plan.

If you can do that you will see that the company has come a long way in a short period but because of previous mistakes it is burdened by that bad history.

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If one is truly "looking at POET as a new startup from 2017", then they would not be considering its prior history. Clearly you aren't looking at it that way in spite of your suggestion that one should.

This reminds me of the quandary faced by someone who owns a fabulous house which happens to be on a busy street corner. When it comes time to sell, every potential buyer tries to lowball them, not because THEY have any dislike for the house (in fact they all love it), but because they are caught up in thinking about how OTHERS will react to the house's location. They disregard their own reaction to favor the possible reaction of others, thus contributing to the self-fulfilling prophecy that makes the house hard to sell.

I think this is the mind-set of the short-term trader - not allowing the fundamentals and facts of any company before them to exert any leverage over their perception of the perceptions of others. The cat eternally chasing its tail.