Vote yes for consolidation... ...unless you want to handcuff management and take away any leverage they have against repeatedly shorting PTK below the threshold for a NAS listing.
We very well might get to the big board on the merit of yet to be announced accomplishments, but it's all about planning. If P2 and a PDA get announced and we get the same SP action we got with MS8 and Ajit (he's not the frontman of KISS, but I guess he'll do okay), then we need a backup plan.
Most of the griping about the consolidation has do with a TOTALLY UNRELATED concern about a PP. POET
could call for a capital raise without consolidation. POET
could get to the NAS and get a deal that could cancel a PP that would otherwise be inevitable, given enough time (mid 2015?).
Even the options could be looked at in the same light. Many longs feel POET will have enough options to do their work. But maybe they will want to attract even more talent like Ajit. I'd much rather go heavy with the options than pay them a salary like they would get with established tech companies. If you want to fast track POET towards another PP, then maybe vote against the options (which recipients have to buy from POET) and pay with money instead...
The options that were made accessible last time are not yet exhausted. Does that not indicate that management uses discretion when awarding options?** Also, look at the stock price. When next year's options get exercised then loads of cash will end up back in the coffers to carry us beyond 2015. Not that I think we will need it, but again it's about planning for the future.
**Just a reminder about fiscal restraint from POET, here's an excerpt from their April 4 NR:
https://www.poet-technologies.com/poet-technologies-announces-annual-general-meeting-stock-option-grant-to-new-staff-member-and-deferral-of-board-fees-increase-and-options/
"Deferral of Board Fees Increase and Options In addition with the above options grant, and in accordance with its Corporate Governance and Compensation Charters, the Board considered the compensation framework of its members. Despite various indicators – an increase in Director workload due to regulatory requirements, and industry increases in Directors’ fees as documented by the National Association of Corporate Directors of between 4 and 13% – the Board has again deferred an increase in Directors’ fees and deferred options grants for the Board."