I'm making the assumption that the exercise price of the warrants is US $5.00. If that's correct, warrant holders are being asked to pay $5 for something only worth $4. 

Securirties laws and regulations are often skirted.  Under the circumstances in which Poet finds itself, a warrant holder meeting is very much justified. Just as in a meeting with a potential private placement investor, there is information conveyed which may or may not be characterized as material which information has not to date been publically  disclosed.  It would be naive to think otherwise. 

The company is asking a lot from the warrant holders. This is not a good time to go to the markets looking for funding.  Any such activity would result in people here being very disappointed and, of course, angry. Fire and brimstone would be hurtled toward management and TM in particular. 

Give the warrant holders a break.  If they do elect to exercise, it's to shareholders great advantage.  

Stop with the comments that relay surprise, shock and incredulity  Those comments are either disingenuous, naive or poorly thought out.