I don't think this management has a clue about how investment banks or the junior venture markets work. It's a shame the new CFO is starting in November and they didn't have someone since PC's departure with the requisite public markets experience.

IBK will continue to make money regardless of what happens with Poet. That is how IBs work and this managment is learning a hard lesson at our expense, assuming of course they are even thinking this is a lesson to be learned.