Latest Institutional holdings report shows MMCAP sold 100% of their POET holdings.
If I recall correctly, MMCAP held POET warrants.
If that is correct, looks like they sold off the shares at a profit to then exercise the warrants.
Then we should see their holdings reappear in the coming days.
There is approx 1 week remaining to be able to sell, 3 days to settle and then convert the warrants that are now accelerated.
All those $4.25 warrants will put approx $5.5M USD in the bank.
Once that overhang is behind us, effectively in approx 1 week from a selling perspective, the SP will be largely free to run.