Good post mackwheaton!
Having more time to think, and to consider the many good posts on this forum since my post on Sheldon's possible motive, I think that Shelly could be selling for other reasons besides the reduced options.
After all, there are more effective ways of pushing the price down than selling big blocks of 500k. If he really wanted to frighten everyone he would have broke that down into smaller sales each day and reported them immediately to replicate his selling pattern in 2011.
Also, based on the discussions about options gain tax etc. and ther fact that POET employees are subject to this everlasting blackout, it seems Sheldon would have to get his affairs in order before any major increase in the stock price. What would happen if the SP skyrocketed and he wanted to exercise his options (all management will do this at some point)? Maybe he's just getting some cash ready in the event he requires it - for this stock or for any reason. Who knows?!
As mackwheaton suggests, we don't have enough information to guess at Shelly's motives. Nobody does anything without a reason, but it's not transparent to us. For all we know, he will continue to sell large blocks AFTER his election to the board without regard for the blackout we think is in place. If he has entered an agreement before the AGM with the recipient of these million shares, the selling may continue.
But the laughable part of all this is that enough fear is created to send shockwaves across the whole POET market, when it is essentially just a deal between 2 entities.
