If a fund has done the due diligence on POET and decided to buy, they will have their own buying campaigne, which we shall see in elevated volume. Over the past week, the volume has been double the monthly average, so there is evidence that funds are nibbing at the shares, although we'll only know in the next reporting cycle.
Over the past 3 months, a lot of retails have exited the stock due to fears of warrants and negative reverse splits, despite evidences of commercial progress. Those people, especially those that sold around 7 CAD, are probably having remorse. Due to their early exits, I expect a lot less downward pressure for some time.
Monday will be interesting, what will the market do with a company that has the industry solution to reduce bill of materials by 40% and capex by 90%? Said company even demonstrated its Alpha (or Beta) devices live in front of thousands of industry experts, to critical acclaim!