I suspect the reason is because the share price was being held down for the debenture. If there is another tranche to gain access to the balance of the bridge loan it might be at a later date to be timed for the July 1 withdrawal or maybe sooner depending on need. Hopefully it would be at higher prices with institutions if POET can provide news of interest to that community. IMO.

I  think Kevin is  a busy guy with the debenture close and the financials both happening at the same time.