I think we should let the company explain their reasonings, at the end of the day they have skin in the game just like us. We know Suresh is a genius, articulate and aware of the tech industry surroundings, I think publicly traded companies are not his forte (at least the first few years). I think he's realizing he needs a captive (and capable with deep pockets) audience to realize the potential of what his platform can achieve, the heights it can reach and quite frankly, trading on the venture and OTC markets are not where something with the capabilities of Poet's tech will achieve its optimal value as quickly as possible.
I just heard the CEO of one of the hottest AI plays in Canada (VSBY) answer when asked about going from CSE to TSE, "no, we are not interested in the TSE, we want to go to the Nasdaq, that's our goal" (that's where tech companies go and reach their full potential). Let's face it guys, if you take your child to the local mall to ride a merry go round, that's great for a bit, but when you take him to DisneyWorld, where they can really go nuts, you'll never regret it. Same thing for these CEO's of tech companies, the otc is just perfunctory to get us to this point until you can get to the Nasdaq, that's where they wanna be, and like the kids at Disneyworld, the shareholders will be very happy when we get there.
Imho
SP