That's interesting for other reasons too, TWG.

Guys like Mazan were denied access. He and others undoubtedly would have paid the market price before it was walked down. This would get POET money with fewer newly issued shares.

I'm not really clear on the difference between a PP and a PO. But if it essentially functions the same way in terms of raising capital, maybe they needed to call it a PO to have the flexibility to set tbe price where they wanted it to be. And setting it so low makes me think it's not really about the cash, but rather to get US investment community on board.

My point is there must be a near term strategic purpose for this that transcends the need for quick cash.

I just can't guess what it is.