You must have missed it Tom. Here it is and has some merit IMO.

Shash,

I'm not going to start a separate thread on this comment, but here's a theory as to the share price disconnect, which has grown in the last couple of months given the extraordinarily good news we've learned. Please understand, I do not feel the below is more likely than not, just that it is one possible explanation of the disconnect, which I hope began to erode as of Monday's trading.

Assuming the .52 warrant holders have enough power to hold the price down (and they well may have in the very thin trading we normally do), here's what they might be thinking.  We can't have the .75 warrant holders be in a position to exercise, cuz if they are, they will and that will mean the company has plenty of cash for well over a year.  Let's keep the price well below the exercise price, and then if the company needs cash, we can offer them a "great" deal.  

We here know what a "great" deal means to the .52 warrant folk, and that's anything but a great deal for Poet. Maybe those "fine" folk actually are finally thinking Poet's gonna be successful, and they'd like a shot at a bunch more stock and warrants at prices that would want to make Agoracomers vomit.