Turr, how much do you think the fair market value of a warrant that allows you to purchase a share of POET stock for .52 with an experation date five years hence is?

Whatever that is, you need to subtract that from .36 to get the bargain price actually paid for the share portion of the unit.

If our new, "sophisticated investors" understood the deal to be, "you buy the unit, do what you like with the stock, but you'll be left with the warrant for which you will not be out of pocket more than a few pennies if you divest yourself of the stock," then the most rudimentary math skills would lead those "sophisticated investors" (who probably get offered deals like this a few times per year), to say "sure" even if they didn't have half the understanding than the average poster here has.

So if the "sophisticates" are told you've got a 1/2 chance of getting you money back, and a 1/8 chance of making a lot of money, you do the deal, and then you forget about it (cuz it's your business and you do this several times per year), and just wait for your salesperson to let you know every so often what's going on.

You and I are not like those "sophisticates," Turr.

Business as is all too usual on the Venture. Rodman and Renshaw and the sophisticates do not know as much about the chances for success than most of us should know, if most of us could be objective.