Exactly Turr, ongoing speculation is just that.  Fortunately, 10 minutes of digging into publicly available information tells me the company likely has about C$12M in the bank right now. This based on Q3 report, December PP, recent warrant conversion and cash burn rate.  Cash balance does not include funds raised through upcoming debenture warrant conversion.  Based on estimated monthly burn rate of C$1.5M, cash on hand, possible NRE to POET this year, potential revenue to SPX this year, I suspect the company has cash to the end of the year.  Of course, consideration should be made for costs of production ramp at SPX, but offsetting revenue to SPX may mitigate direct cost to POET as will Sanan's increasing ownership share in SPX.  If SPX revenues exceed expectations, all the better.

Bottom line, with some deb warrants exercised, 2023 is looking pretty good for cash but less certain for 2024.  Plenty can happen between now and December, hopefully some good developments ahead.