access to US institutional investors, prospective broadening of US-based investor interest in the Company, and if required, the structuring of potential future financings. In addition, the Board of Directors is of the opinion that the reduced number of Common Shares may better position the Company for a potential future listing on a senior stock exchange.

I think US institutional investors have told POET that they need to do this. POET is undervalued and gaining new investors in the US is important. POET management would not  be doing this  if they did  not feel that  POET was ready for a move to  the  NASDAQ and with any luck  part of the  plan is for the share  price to be supported by the US institutions they are presumably doing this for? IMHO