I was thinking last night why would Poet wants all the warrants to be excersised.
1. To raise cash required for possible listings,for filing patents and for legal costs associated with their negotiating efforts
2. To give them operational cash reserves and a cushion should there be delays in finalizing a deal
3. To enable the insiders to increase their share position and thereby have a bigger say in any potential offers.
The last point was interesting because you can't vote with warrants should a deal be offered up to shareholder approval.
Is it possible that the delay in news from Poet has something to do with that?
