Hi Sunny,
in any case we should not fear a huge dillution. Due to all the executed warrants of the past three month POET should have a pile of cash in their bank. 6 Million options in Q2, and additional 6 Million in Q3... So for their "organic" growth they do not need big financing. Hence - your idea makes sense, buying back these shares from Pinetree, which could be used wisely (partnerships?).
Question: Does Poet need the OK from us shareholders for such buy back aktivities?