According to records  the share volumes on both Nasdaq and all Canadian markets combined are as follows:-

2 Nov -1.285 million

3Nov-578K

6Nov-545K

7Nov-736K

Total - 3.144 million, which represents about 8% of outstanding shares. It could have been worse.

Bearing in mind the already declared forced margin sales by members of this board, and others we do not know about, + possibly a number of stop loss orders that were hit on the way down, this perhaps is not as bad a scenario as it initially appears.

It just seems that much worse compared to the pitiful volumes that preceded the financing news.

Because of the total absence of information on progress, nobody had bids in the market when the news of the financings came out. Therefore it was relatively easy for those with an agenda to drive the price down. There was very little buying resistance.

Those who knew  in advance of the upcoming finances, and intended to participate,  probably started shorting themselves,or had people shorting on their behalf ,as they had every motivation to see a price drop.Now perhaps we can assume we know why Insiders were not supporting the stock when it started its fall, as so many people on this board suggested they do.

The people who are suffering in this scenario are the loyal/longstanding shareholders. We have been often misled by Poet personnel by encouraging remarks and comments that are on the record on various sites.

Let's hope that this spate of selling is coming to an end and the price makes a quick and sustained recovery. News of the US Maxim sale having been completed would be a good start.