http://www.pinetreecapital.com/investments/sectors/other_tech/ see PNP Technology sector: POET shares and warrants. POET 2013 Annual Report page 29 & 30 for o/s warrants & stock options http://www.poet-technologies.com/wp-content/uploads/2013/07/POET-Annual-Report-2013-Final.pdf PNP - sold 1.057 Million shares for a total of ~$1.7Miilion CAD,,,,,,,,, so far. If the warrant price is $0.35 cents and PNP uses all of their $1.7 M that would allow them to exercise ~ 4.8 Million warrants. As many have mentioned the only way to know if PNP is exercising is watching the O/S share count. Interesting times ahead. Thoughts????