The first question wasn’t about the necessity for refinancing, but rather the manner in whichj it was carried out!

It’s more than a half truth that Poet’s current financial thinking is too tech. heavy in orientation, and that market smarts have repeatedly taken a back seat (starting with theTHM).

The second question is what can be done to reverse the current order of things? Going forward we have a new CFO who on paper seems to possess the qualifications and experience. Perhaps the shareholders can make fair use of his abilities?

I would like to propose a possible solution.

Do understand, I’ve no dispute with management’s technical savvy as well as their ability to administrate the vision side of the Poet equation, but we are sorely out of balance. As a remedy it would be reasonable to now empower the new CFO with the ability to sanction (or veto) our BOD’s financial decisions.

As a means to move the above suggested measure forward, this idea can be advanced at the next AGM (or before), where we can propose a future shareholder vote on this measure—an item on the next ballot.

At the very least, shareholders deserve and need a competent financial officer charge. I want to send this strong wake up message to those accountable. This BOD has run Poet’s financcial matters like a child’s Choo-Choo train set.

Honestly, I can hedge myself against the TSX-V and thier market makers, and even the banksters too. Yet, how to protect myself from people ignorant of the market mechanism? In successful companies first line of defense begins with a prudent CFO.

Please, if you have any solutions for change let’s hear it!

TMI

PS: Next time anyone thinks the maintenance of share price isn’t an important “relative” link to value, just rethink the lesson of this PO. A reasonable share price would have offered some protection against outrageous dilution. Currently, market makers think Poet is a prime turkey to be plucked another 38,600,000 times.