So far we have seen roughly 2.2 million warrants exercised at .52. In order to see that continue the company needs to move the share price higher. I believe there was encouragement provided to have those warrant holders exercise at .52. The buyers of this financing are totally aware of this in my opinion. And I expect there will be enough news flow to satisfy the needs of both the new money financing and the warrant financing. I think that the need for cash right now is required as part of a plan to accelerate the development of Accelink products. As well as other growth opportunities.

My belief that this money has good value to POET shareholders revolves around the technology and the belief that it will become a dominant platform and as such there are financial  requirements around the company’s desire to maintain 100% control while it is being developed.