Interesting how different views over three years can be. The way I read it, this prospectus aims at opportunities in the future and is designed in the hope that a dilution of 300 mio may be peanuts by the time the amount will be issued, if it ever will be in full (imho it will, but under circumstances where and when it wouldn't bother us the way it does for some as of today).
It makes a heck of a difference if there is a 300m dilution when the MK is in the billions opposed to where we're stuck just now. I take it that Suresh & Co have never planned POET as a comany in the "millions", as they are used to quite different figures. And therefore I view with a smile, that they can finally make their attorneys chalk up substantial figures, way beyond the current ones.
How come it's so hard for members that used to be in the 70$ club to get used to more zeros on the numbers? Isn't it what we came here for in the first place? I strongly recommend "The Holk"'s view to keep the Champagne in the fridge but to make sure there is sufficient supply :-))