Thank you, gr8day44 and LookinGIntoIt!
The Initial Listing Guide doesn't mention the five days closing price rule, but the formal NASDAQ Listing Rules document does. Thanks for providing the link, LookinGIntoIt!
Since Peter mentioned the $5 requirement (= US$ 4) and the Global Select Market is not in reach for now, I believe POET is targeting the Global Market. However, at the AGM Peter mentioned a 60 day period, not 90 days. Maybe he is not yet as fluent in NASDAQ listing rules as this board is. ;-)