The market is not mourning the loss of Subhash. The market simply sells on news and buys on rumours. The market would have run-up prior to this news if it thought that the rumour was a sharp and significant increase in revenue, a contract or two of signficance or any other value-adding-type of announcement. Then, it would sell off after the news on profit-taking by risk takers. The market's leash is now "show me, I know you" (happy longterm investors) or "show me and I don't know you well anymore" (selloff). Names of people are not enough at this stage --- Ajit's name has not helped to maintain POET's share price at best; however he might have curtailed any further downside as the market values POET today at what it is and not zero. I we get back to $1.00 this year, it would be a short-term success, but somewhere north of $3.00 would suggest that POET is on its way to a bright future. In the meantime, it is still a "show me first stock", but at least it far past its conceptual stage moving towards doable based upon the activity as of late.
Monolithic
