FJ, those would be the warrants of which I'm 95% sure will be attached to the offering. Do you think they put the words "units" and "warrants" in there just to scare retail into selling? If that's the case, I believe they succeeded!

Should we all hold out hope that there will be no warrants and then sell more shares in disgust when the final deal is announced? And if POET doesn't really need the money (I think they do), heck, they might pull the offering altogether for the time being, given what the share price has done since announcement. Pulling it would not be the first time something like that has happened.

Perhaps they did, as a whole lot of this down movement has to do with the actions of people who post and/or read this board. How can that not be the case? If we truly have 60 or 70 million shares represented here, I cannot imagine a market moving number of their shares have not been sold since the announcement (please follow those double negatives!).

In addition to those here selling, this offering may have triggered some short selling; short selling has been no more than a false bogeyman in the past, but I could see some now, it's a classic opportunity.

Having said all that, I have no problem at all with management or their actions (unless they don't really need the money). If they need it, then they have to take what the market will bear. No one is going to lend money to this company, not in any significant amount. Of course, they could float a convertible debenture, but that's similar to a stock issuance in many way, especially as it's also (potentially) dilutive.

I urge all my fellow shareholders to consider the mass of development tech and biotech companies out there, most of which have many brilliant scientists and techies leading and/or working for them. Those people, the most inside of insiders are not sure that what they are developing is going to work as hoped or in any other lesser way, and they are also not at all sure about when it's going to work, if at all. And we think if we knew everything they did, we'd be in a better position to figure out what to do. Give me a break!

As far as management lining their pockets - totally ridiculous. These people are relatively straight shooters. And if they were lining their pockets, we would have already run out of money, cuz the paper they have rewarded themselves so far is not worth much right about now.