Really awful, this equity raise! I think we have two possible explanations:

• The positive (= less negative) variant: POET management, inexperienced in leading a publically traded company, has been hornswoggled by the banksters. They couldn't cancel the financing, because they need the money urgently, e.g. for an acquisition for operations, for a reverse merger with Rennova Health, or for whatever else. Investors are interested in POET's success and in a quick run-up of the share price.
• The negative variant: It's the first step to execute a squeeze out in order to get rid of us retailers. The investment bankers hammer down the share price (done) and increase their stake in the company (virtually done). Many retailers sell. Institutionals collect what is lying around and further increase their stake. After some time and after some more lost nerves there'll be a buying offer at, let's say, 0.80 to 1.00 CAD. Many retailers will accept in order to minimize their losses. If the banksters succeed in getting the retailers' share below 90 % they could initiate a squeeze out to get rid of the minority. The company would be privatized and delistet. Later the "new" POET Technologies gets back to the stock market via IPO at an initial price in the two-figures dollar range.

Whoever is selling now will do so at the low. Following the positive variant, this valley of tear would be an intermezzo only. In the negative scenario, selling now or later would help the banksters achieve their goal, while not selling could either prevent a squeeze out or at least quite likely yield more than selling into the market today.

We will see.