Maybe my next post explained enough. But just to be clear. A convertible debenture conversion price can't be set lower than the market price. Thus we have never seen a close above .40 since the announcement of the debenture.

Insiders were quick to jump on board and place all their eggs in one basket but of course they have knowledge that the rest of us don't have. It is a difficult spot for the exchange to look at since the details around the DL sale are confidential but POET needs cash to execute their business plan ahead of the sale. Now the exchange will of course look at what is in the best interest of all shareholders. Are they damaged by insiders buying heavily into the debenture based on what they know? I think the answer is no. POET needs to access money without sharing the details. 

Once those details are known by the rest of the market I think we will see why insiders were so keen to invest. But as discussed in my previous post there are time constrains that have to be met or an alternative plan is required.

The more I think about it the more sense it makes to forget about satisfying the credit facility requirements which are extremely onerous and have institutional investors buy in once the details of the DL sale are made public. There is of course some risk associated with that move where price suppression may take place to allow for better debenture pricing but hopefully the share price demand will be high enough to provide for a decent pricing.

Just thinking out loud. But the point that should be made is that we can't assume that the delay in the AGM date is related to negotiations with the buyer.