Well of course I would expect them to be having more than just one meeting and include for example business in Ottawa. The AGM is not just something that is thrown together. The timing has to be co-ordinated. If they are meeting the July 1 timelines of the credit facility then they have to have both the  definitive agreements in place and the circular issued to shareholders to provide the details for the vote. In addition POET will have had to have raised $5 million in aggregate by July 1 to qualify for the July 1 withdrawal.

I would also suggest that if this current tranche fails to result in the minimum raise of  US$5 million which includes the aggregate of all  tranches then POET will have to find additional  sources such as NRE,  the exercise options/warrants or  another round of debentures (I  am not sure whether money owed by the EBD qualifies). Basically news flow would  be required in my mind to inspire additional  buying however that becomes a double edged sword as a rise in share price would require any additional debenture tranche’s to  be qualified at a higher conversion price. That darn circular argument comes into play.