Agree with you ! There is no real need to raise money in the immediate future.

 In addition to the Lustig raise of money, and currently out- of- the- money warrants, there are also the 4 year warrants that came with the 2019 Convertible Debenture finance deal which raised about $5 million.

These warrants are exercisable at 50 cents and start expiring in early April 2023 until mid Sep 2023. Company insiders and IBK took a chunk of the April tranche of this Debenture.

The majority of the warrants expire between 4 April and 3 June 2023.If and when exercised they would add about $5.4 million to Poet's kitty.

However, hopefully, by that time, production will be going full steam ahead and revenues will already be pouring into Poet's bank account , both in North America and the JV account .

Also don't forget the potential Shanghai listing, somewhere in the future, which could generate mega dollars for the company. With production getting underway  there in the next few months  they should have sales to report by the end of the year- 2022.

Also, one has to bear in mind that the just-reported Q2 details only cover the period to 30 June and many positive things may already have happened , or are about to happen, in the next few months, which may surprise us all. 

Eternal patience and optimism is needed at difficult times like today's miserable price performance.