Cash position (US dollars) :

September 30th : 10 269 148$

Poet raised 3 184 332$ from the non-brokered private placement in november.

December 31st : 9 229 845$ (it means the burn rate was 4 023 635$ in the fourth quarter; including the 200 000$ in NRE)

Poet received 5 475 102$ from the exercise of the warrants in the first quarter.

Assuming Poet burned about the same as the fourth quarter (4M$), on march 31st the company had around 10 704 947$  (9 229 845$ + 5 475 102$ - 4 000 000$)

Since the company started seeking cash in september having about the same amount of money, Poet is now working to get cash.  It can come from the debentures, a private placement or a partial sale of Super Photonics equity.  Significant revenues will come later in the year.

I would bet on news being released for the debentures to get excersied.

GLTA