I would also anticipate that this final tranche will be dominated by insiders since they are the only ones that are allowed to know who the buyer of DL is. And as such the TSXV will likely approve the greater than 25% insider participation. That is speculation but I think that is what is going to happen. Somehow I expect that the money POET is raising might just be part of the condition for sign off since the debenture continues to state:

To fund PTK’s optical interposer customer orders and for working capital purposes prior to

the proposed sale of DenseLight.

Also by returning to Access and Notice they give themselves an extra 10 days for any warrants to be exercised as part of the funding to achieve the targeted amount money.