Management, and every employee with options, will (and does) want the sp to appreciate.
Early stage, pre-revenue, companies like POET don't have the money to highly compensate engineers and other critical employees. So, they retain these resources by offering potentially LARGE upside on equity. POET, like other early stage companies, effectively reduces dilution by raising as little money as necessary to achieve established business goals. If they can keep salaries lower and leverage equity for compensation, we as existing shareholders, and POET employees, share in the profits instead of new investors pushing to invest larger amounts and take a higher share of the company.
Hell yeah they want the sp to increase after these repriced options are approved. And every POET employee with options will work their butts off to make it happen. Those are the people we WANT to be motivated. This company is their ticket to wealth. These options are the carrot that keeps POET engineers and business management working late and on weekends. We, as investors, want motivated POET employees.