RE:RE:Why up 16% ?Just to correct one of your points. The last of the warrants which come due on Feb 13 have an exercise price of $1. So I suspect those holders and the company are eager to get those in the money as soon as possible in the New Year. I suspect pro-traders recognize this as a good bet…also the 500k short position if unhedged will see the need to cover over the next several weeks?
2014-02-13 08:33 ET - News Release
Mr. Michel Lafrance reports
POET TECHNOLOGIES ANNOUNCES CLOSING OF $5,000,000 PRIVATE PLACEMENT
Poet Technologies Inc. has closed its previously announced non-brokered private placement financing of 7,692,307 units at a price of 65 cents per unit for proceeds of $5-million. Each unit consists of one common share and one common share purchase warrant. Each warrant allows the holder to acquire one additional common share of Poet for a period of two years at an exercise price of $1.00 per share.