I agree with oogee, financing at this stage makes no sense. And that too below the CEO options price? Only time I've seen that is when companies are desperate for cash. Poet isn't.

The saying on wall street is bet on the jockey (i.e management), not on the horse. We have new jockeys riding the horse. No jockey will enter a race and risk life and limb if the horse isn't a winner in their eyes.

The timing of our new CEO/COO appointments right around the time the milestones were expected to be completed was a key signal to the market. When was the last time a company announced a new CEO one day before an AGM?

The drop in SP is noise, easily explainable by warrant and Pinetree overhangs, in the absence of news.