The downgrade of the share price projection by Craig Hallum on the same day the “refreshed” ATM was announced was, at best, ill-timed, at worst, a very low blow, and it may have been the catalyst for POET to suspend it. And rightfully so, as long as another vehicle to raise capital in a timely manner is at hand. 

Just my opinion, but if they don’t announce something early this coming week that makes sense of this, we may be in for a rough ride as capitalization becomes a red flag concern for any prospective investors.

Instead of this Friday night news dump, coordinating this news with an announcement of alternative financing would have been ideal, thus making it appear to be a seamless and concerted action rather reaction. This raises concerns of whether such a strategy is actually in place.

However, if this decision is not explained by near term news/actions, and the stock should fall much further, the ATM, its closure, it's "refresh" and it's apparent manipulation by those outside parties responsible for its success, and now its suspension, paints a picture of incompetence on the part of those involved. 

All of that aside, self preservation is the strongest of human instincts, therefore it is very likely that we will know something sooner rather than later. Absent of this, it's hard to rationalize retention of those responsible for capitalization of this company and the best interests of its shareholders.