If this forecast holds true, then Poet will have a revenue stream regardless of warrants being exercised. The sp should also move up with contracts annouced and if they want to raise extra cash they can go to the market at a higher and more reasonable price.

Balance Sheet

POET Technologies ended the September quarter with $9.4 million in cash and $3.1 million in convertible debentures. Working capital was $4.9 million. If the company burns $2.5 million per quarter, that should get it eleven months of runway even without any revenues. Any revenue from NREs will get it even further.