Pellegrino 2's valuation, which was heavily weighted with intangibles, put POET in the range of $4 - $10 per share with share structure in the 200,000,000 area at the time. Fast forward to November 2016:
"On November 8, 2016, the Company was awarded two U.S. patents - #9,490,336 for a fabrication methodology for optoelectronic circuits and #9,490,321 for the design of an integrated optoelectronic circuit. The Company regards both as important patents, each representing a significant barrier to entry for potential competitors. In addition, the ‘321 patent is fundamental to protecting the Company’s design of integrated optical transmitters and detectors using both thyristor and bipolar circuits."
Anyone here think that those two huge intangibles just added are not worth $10 per share combined? Yes, I do realize that is $2.5 billion, but please consider the projected CAGRs for the VCSEL, sensor, photonic, etc. markets when coming to your own conclusion.
If you really want to be conservative, then take the low number from Pellegrino 2 ($4), and only value the two patents awarded in November at $6. Even then you have a valuation of $10 per share.
