Dave,

Here is some pertinent information from the circular. Actually I recommend everyone reading it but here are two key items.

What happens if the Transaction is not approved by Shareholders? If shareholders do not approve the Transaction, the Transaction will not be completed. If the shareholder vote is the sole reason for not completing the Transaction, the Company will owe approximately US$400,000 to the Buyer for its third-party due diligence expenses. In addition, the Company will be required to repay within 60 days to Espresso Capital approximately US$3.5 million (including principal and accrued interest) borrowed under its credit facility. In this circumstance the Company may eventually be liable for the repayment of approximately US$3.8 million to holders of the Company’s Convertible Debentures. If the Company cannot restructure this debt, then the Company will have to find additional financing to repay the debt and continue operations until a new Buyer can be found for DenseLight. Although the Company would continue to evaluate all potential sources of additional capital, it ultimately may have to resort to a dilutive equity financing for capital, the success of which would likely be highly dependent on a lower stock price.

And this one about production  and orders although no concrete numbers it lets us know in general what is taking place. 

What will the impact of the Transaction be on the Company? The immediate impact of the Transaction will be to restore the Company’s cash balance to a healthy level. The Company expects to repay any bridge financing that it has received and certain other outstanding indebtedness. Further, the Company anticipates expanding POET’s design operations in Ottawa and elsewhere, expanding its newly formed operating unit in Singapore to manage its suppliers and sub-contractors in the region, and prepare for fulfilling production orders from customers that it anticipates receiving in the period following the sale transaction.