But if that is only to a select few (i.e. SI's), and heavily...

But if that is only to a select few (i.e. SI's), and heavily oversubscribed, then the value of POKO's to the average punter is ~ whatever premium the share price is trading to over 20c.
Hard to tell given the recent history of how POK management has handled information releases, but wouldn't rule out entirely the oppies coming back into play. Timeframes are very tight though, unless there is some miraculous extension on the oppie expiry.