Just thinking out loud. Many are concerned about potential dilution after the R/S, not necessarily the R/S itself. This is understandable. However, the company stated, as pointed out by others, that the balance sheet isn't the strongest currently.

This also has to do with the expiry of the 75cent warrants. Their expiry has reduced dilution to current shareholders which had been priced in before and was already accounted for in the fully diluted share count. 

The company clearly stated their confidence to get those into the money and therefore clearly planned with the monies coming into the company treasury therefore.

So, this didn't happen. However, the company still is in need of the strong balance sheet.

If they have now planned a private placement with a strong financial partner, let's assume Needham, for example. Wouldn't it be great if Needham would sign the private placement, for the same amount as the previously envisaged coming in from the 0,75 CAD warrants. Therefore the fully diluted share count / market cap. would not change at all. But now POET could do that potential PP for 1 CAD per share. Instead of 0,75 CAD.

The balance sheet is strengthened. The shares in very strong hands compared to the 0,75 CAD warrant holders hands. As they would may have to sell shares to get the cash free to convert. 

So it would be a win-win situation and actually nothing would have changed or gotten worse compared to what we just had 2 months ago. Quite the opposite, the situation would be much better for POET and all existing shareholders. 

Or am I wrong here?