I am sure the "revenue around the corner" concept has been said many times on this forum.

Now that the future is more credible than ever, the mood should change. Unfortunately, with the trashing of the SP we just endured, it's impossible to break through the mood that has set in. Getting hopes up in the past has obscured the future. 

Let's revisit the past, where the share price was over $10.00 based on what? A bright future built on the strong technology that POET was working on for telecom and datacom. There were no firm sales, just market sizes and assumptions. The first deals were Sanan's JV with POET for SPX and a few other fairly obscure Chinese companies signing up for products. 

Now, Lisa Thompson from Zacks says we are worth $7.60 today, based on conservative, very limited penetration of geometrically growing markets in AI processing data centers. Analysts are conservative.

Dave Lazovsky (a POET alumn) of Celestial AI was just a featured speaker at Samsung's future AI event. In the next couple of years, CAI may have $800M in orders for POET. 

Foxconn is working with NVIDIA to supply data centers. They just did a deal with POET. Luxshare, the Apple supplier of VR headsets and next to Foxconn with other stuff, already had a deal with POET. 

We know all this. These inroads are far better than the "stories" that brought the SP to $10.00. 

Just before our cash raises were finalized a few months ago, the SP tanked. The cash has since been raised, and institutional partners were the bulk of it. But the market remembers the crash, and does not focus on the resolution and the good news that followed.

So the story has vastly improved with AI coming into the picture, well-known globally strong suppliers making deals, numerous product integration wins, and more advanced products on the technology roadmap—money in the bank. No debt. A lean growth model using foundry services and a JV (Sanan) for the heavy capital lifting. Foxconn and Luxshare can assemble at low costs, and their customer base is the best possible players; who know what they can deliver.  

This story could not be better, except for the one big thing: committed orders of significant magnitude. Let's note that they never come without the foundation that has been laid.

That is the bumpy, dirty road that got POET here. One can stare at that dusty, dry road in the rearview mirror or look at the smooth freeway that is in front, with signs and glimpses of an Oasis up ahead. Is it a mirage?