To me, it's clear they need the money, and if not strictly need it, they really want it.  But that's okay, it's not unexpected.  Now if they sell the remaining portion of the debt offering, I'll have to change my mind (favors to some insiders?), but, again, I think a modest amount will be raised and it's just a way to fund operations till the closing of the DL sale and the receipt of the cash consideration therefor.

I did not peruse, but I did take a bit of a look at the sale agreement filed on SEDAR.  That appears to me to be a well-written document, that a firm or firms that have been around the block a few times wrote (and got handsomely paid for their efforts).  Lots of boilerplate, which all such agreements have, but well done. And Poet's interests seem to be protected well enough.  Of course the buyer can still mess with us prior to the deal closing, but the closer we are on the tech, the less they will dare to mess!

As I've said many times since I first saw Suresh in action in person, he is a serious guy and this is a very serious deal.  The risk of no deal signed has been hurdled, next is the risk of there is a deal, but it doesn't close.  Ultimately, the risk is can we produce a product that will sell at a huge volume and good profit margin.  Given all of the above, I think we're undervalued. Anything under US .29 is a really good price, unless your average share price is already near that. 

Risky, but the possibility of commensurate reward keeps getting stronger.