China + 1 and (more)?I've always thought that Poet is moving forward on two strategies. The more immediate lower market, lowest hanging fruit, has been what I believe Poet is doing through the JV.
Because of US-China, China-Canada relations, of course this is probably largely a reason why the market has been suppressing the share price. However, Poet is not moving forward in isolation.
We have a BOD member from Arista, we deal with both Celestial AI and ADVa, so there are other irons in the fire. From outside of China, Poet has probably been plugging along but not able to official say anything to that effect yet. But hints of a JV outside of China with several interested parties must surely be part of Poet's next plans.
Not all gloom and doom, because behind any perceived gloom and doom here are always Phontonic rays of sunshine.
gilver