Leb - "Or have we been set up for a cheaper financing - it seems weird if yes because just raise the SP and convert the 52 cents ones, and the debentures although who knows who successful that will be?"

Wait a minute, just raise the SP - right, no problem!

And convert the 52 cents ones - wait another second, I thought those people did not want to convert their warrants, right?  Aren't they the ones who are keeping the price low according to the lore on this board?  Poet has no right to force those warrant holders to convert, only the holders can elect to convert.  Regardless of the share price between now and the expiration of those warrants, without some additional incentive, those holders will not convert till near expiry, and if they do convert well in advance, it will be because somehow Poet sweetened the pot for them, or they want to convert and immediately sell the stock (or short sell it and cover and be done).  They would do that if they felt the stock had reached a level that it was not likely to exceed during the remaining life of the warrants.