"If we can sustain this maybe will see an even bigger bump when they start covering, although will they sell shares at market to cover?"

Who is to say they haven't already covered? You guys overlook the intelligence of these guys. They knew when to short this well over $2, they also know when to cover, and likely have already. This is likely why the stock price is moving back up, though there is still a long ways to go.

Also in regards to the American holiday posts, just because there is a holiday in the US, doesn't mean Americans aren't allowed to trade their stocks from wherever they are. There is very little liquidity for POETF so most likely they own their shares on the Canadian exchange. Just like if there is a Canadian holiday, there is nothing preventing me from logging in that day and making trades in the US market.

I believe the MD&A from Friday provided some insight to those who are now buying today. News I'm sure is around the corner.