FJ, I’ll echo those thoughts, TM did what he had to do hopefully knowing that greener pastures are around the corner. 

I’ll add that, if one looks at the Poet balance sheet, the company does not present a favourable lending situation for a conventional or “big” bank. 

So for me, there is potential for a little dilution on the exercise of these warrants that offsets the cash required to fund the interest. And as was mentioned, short term bridge money is expensive and always more expensive under Poet’s circumstances.