The target price I heard was $2.50 before they begin looking at offers at $6. The hope would be of course be that there would be a bidding war. Taking it one step further Lee would like to see the technology sold to a syndicate. Buyers bidding for sector specific parts of POET. That would provide the greatest price in terms of a sale to multiple companies.
My own personal opinion is that the near term target price will far exceed $2.50 once the Silicon Valley buyers start taking a position. There would be additional costs in terms of legal and administration (outsourcing) to go the direction of a syndicate and it would be a lot more work for the monetizing team but that is what Lee hopes to see.