Kooter- Yes. There is a new "outstanding share" that is sitting in that persons account after it is exercised (ie. the POET O/S float is increased when exercised). They would still have to sell the share to get cash proceeds…I would think, most strong hands are hanging onto those shares at this SP and keeping them in their account…an individual decision of course.

We can expect all options and warrants to be exercised before they expire. Therefore all this information is known and accepted by most shareholders and factored into most evaluation of the financials of this investment. When one calculates the $/share value on a say a 10B buyout (random number!), one should include the options and warrants in the O/S number…