The one glaring thing that I don't understand and why this board has not discussed or posed questions to management over this proposed R/S is that to qualify and get listed on the Nasdaq, the company has to have a minimum of 1.25 Million tradable shares........ An R/S lowers the float, not increases it, so there must be something huge at play here.

Sorry PP I'm not sure I get you?  Poet currently has 300+ million tradable shares. So even a 10/1 split doesn't take us below 1.25million. 
Perhaps I'm missing  something? Management have also stated that the RS is an option to them and not a certainty. You speak as though it's a foregone conclusion.