Even moreso, going back to Pinetree's March MD&A, July 31 is a key date of the forebearance agreements that they have with the debenture holders. While they sold to pay down debt back in June (before the end of July), by the end of tomorrow they HAVE to be bring their debt to asset ratio down to under 50% (which pursuant to the forebearance agreements they can carry through to October - then back to 33%), if they don't they will be in breach of the forebearance agreement. As the POET sp drops they are forced to sell more to pay off more debt to get their ratio down.

My thoery only, and a big unknown assumption that they are not in compliance with that covenant (but given the sp drop recently - this is a relatively safe assumption to make) but that would explain why they would be selling even after they sold to reduce debentures in June.