Lisa (Zack's) might refer to two or more pillars. 100million revenue from the JV (200 for the JV = 1 Pillar) and another 100million for POET itself from the other direct business (which could be 1 or more pillars but is very conservative I guess). So she considers 200million in revenue only for POET in 2025.

POET aims for 4x250million by 2025. Let’s conservatively assume they get only 50% of that = 500 million. It’s still 300 million more of what Lisa is taking into account.

According to her report we should be valued at 2.23 USD “NOW”. 

If we take 50% of POETs target we should be valued 2,23/200*500 = 5,57 USD NOW discounted 30% year over year until 2024.

POET is claiming (4x 250 million revenue) = 11,14 USD. This shows how massively undervalued POET is currently. Not “IF” but when these projections crystallize. 

1) Lisa / Zack’s 200 million 

2021 = 2,23 USD

2024 = 6,38 USD

2) POET at only 50% (500 million)

2021 = 5,57 USD

2024 = 15,59 USD

3) POET at 1 billion - 4x250+ million

2021 = 11,14 USD

2024 = 31,18 USD