I believe this is a win/win situation. A favorable strike price to those warrant holders. Who actually support the company through private placements and to Poet by filling the cofers. 

My gut is the acceleration clause will come into effect. As we all know Poet chose not to have the uplisting underwritten by the banks and give them their cut in the process. In hindsight maybe we should have played the game. I don't know. 

I wasn't too happy about the 10:1 R/S split but now that we are here the low float should bode well once upward pressure takes place on the SP.