If you notice the strike price for warrants is getting much higher with each financing. That suggests that institutions must be lining up to get their share of the Poet pie. Poet seems to be taking advantage of financing at higher share prices when there is a strong upward tick in the share price. I suspect that future upticks will go sharply higher each time and for longer durations. This doesn't surprise me as more institutuions come on board. Poet might also be accepting these financings to cash up to be flexible for an acquisition that will benefit their supply chain (speculative comment by me) or continue to cash up for financings of costs to production for each customer (industry) segment that Poet is ready to participate in now or in the very near future.

Also, if Poet continues finances from different institutions, they can control (limit) the threshold of ownership percentage by each institution that invests in Poet. That way no one can dominate Poet to push for a premature takeover and Poet can maintain its autonomy while still being highly sought after by institutions that want it. That alone can accelerate the share price rise and provide higher share price stability. Poet is probalby beyond accepting retail investment to support the company as it is the institutions that take Poet to the next level. If Poet wants to remain autonomous and it control of their own destiny, then I see capping percentage ownership by institutions to their advantage. Remember, Suresh is years ahead in his thinking and if that is ever to get bought out, it would be deserving that I opine that it would become very expensive for anyone to takeover Poet in such a scenario. This does create dilution, but if done well, it is dilution into an expanding market cap where everyone wins.

monolithic