Has the Company a back-up plan in event minimum $ targets are not met from  the US$ Maxim and Cdn$ LIFE offering??

Surely the company should have considered the possibility that their news of having to raise funds yet again would  cause concern for existing shareholders. We have already seen steady dilution over the years, in addition to the 10:1 reverse split and then a failed and rushed entry on to Nasdaq, without having a sponsor.

These financings will cause massive further dilution, plus enable the company to secure a massive amount of new options @ 20% of all new shares issued. Imho this should be reduced to the more standard 10%.The issuance of any new options should be delayed to the next AGM, or Special Meeting if called, so that shareholders can vote on this issue.

Maybe the drop in share price and the margin and stop loss selling was anticipated. If not they should have known this was likely. Being cynical perhaps it was part of a plan to diminish  retail stockholders, hoping to replace them with Institutional buyers. 

We still do not know the number of NDAs we have with potential customers. Why is even this limited info not known !

It would be nice to know now if there is a back-up plan if the financings are not successful,eg. a large Company, or potential future customer, prepared to take a 5 or 10% interest in the company.

A last question: where did Zachs in their last Aug 23 report get the idea that there were several Asian investors interested to put US$50 million into the company ! Who in Poet was responsible for this little gem of info. What happened to these now apparently invisible  investors.

It  is time for the company to tell shareholders  what is happening.