There are significant differences between this share sale and those previous. Previous issues were arranged by dealers and sold as PIPE's to financial investors. A PIPE, (Private Investment in Public  Equity) is structured to ensure high profits to transactional investors, with share prices at significant discount to market levels and large warrant allocations struck at the money. This transaction was priced at market with fewer options struck well out of the money. This issue targets investors interested in holding a Poet position for the duration, as a result those financial players with deeper but greedy pockets did not participate.