I am not well educated in IFRS Accounting Standard, but I would describe the situation as follows. The information I use was found here:

https://sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00003983&issuerType=03&projectNo=02907546&docId=4508180&fbclid=IwAR2-JssW06sJZf2s0qnxw0sJi-HSQu-CmJT6xqwCUBQPLhG9-l8b7yJcBlI

Denselight is in the books with 17M (Page 22, Disposal Group Assets 20M  – Liabilities 3M).

Let´s look at this transaction alone, let´s assume DL will be sold for 40 M Cash and no tax is due.

      Assets:

a) The Asset “Cash” will rise 40M

b) The Assets “DL” (Disposal Group Assets) will be 0 (decrease 20M)

c) This means “Total Assets” will rise 20M

               Liabilities:

a) The (Disposal Group) Liabilities will decrease 3M

b) The Accounting Profit (23M) will decrease the Accumulated Loss respectively rise Equity.

c) This means “Total Liabilities” will rise 20M

That´s it. The assumed 40M Cash will be used partial to pay back Espresso, the rest would be very comfortable, I´d say.

After the transaction, Denselight sales are gone as well as expenses. 100%? Less? How many people will stay on POET´s payroll? Is the complete product line sold together with DL?

I don´t know. Do you?

Holk