"Pinetree Capital Ltd. (TSX:PNP)(TSX:PNP.DB) announces that it will issue an aggregate of 24,201,355 common shares of the company (the "Redemption Shares") in payment of $1 million of the $3 million principal amount of its 10.0% Convertible Secured Debentures due May 31, 2016 (the "Debentures") to be redeemed on January 8, 2016 (the "Redemption Date"). The remaining $2 million principal amount of Debentures will be redeemed for cash."

Not 100% clear to me, but perhaps to others, whether the $2 million of cash to redeem the remaining debenture balance is also happening on or before January 8, or if the cash portion won't be paid until on or before May 31, 2016. If it is January 8, which is the inference I draw from the NR, then, to the extent PineTree had any POET securities left around, they may have decided to sell them.