When your total addressable market increases (TAM), is your stock really getting diluted when more shares are issued through a private placement.
Consider this, if POET doesn't receive funds via pp's probably they can't addesss this new Mitsubishi market they are now engaged in. If this market now opens up , let's say, double the TAM, then we are way ahead of the game because there has only been issued an increase of 6-7 % in new shares when in comparison we just added 100% in TAM.
IMO
Zax