I agree with turr's post.
"Sheldon's selling doesn't bother me in the least.
He had a pre-arranged buyer (buyers don't buy to lose money)
He has to excercise those warrants before Feb. He's making 25% on the deal
and it's in his rrsp's
Non of the other POET management team sold when the blackout was lifted for Taylor's
sale (for personal reasons) ..If there was a problem we would have seen a lot more selling by insiders
Nope, no problem from my point. POET shares are going at bargain prices here now but it won't last for much longer.. Everything is falling into place (connect the dots)"
A big fuss about SI moving money around to position himself to exercise warrants; if i was in his shoes I'd most likely do the same thing, and so would almost everyone else on this forum.
He sells 1M shares from his RSP in order to be able to exercise warrants (good for POET = more money in the bank), SI remains below the 20% threshold, and SI pays no tax.
Straight forward and the market is not reacting negatively.
So let's move on shall we.
Steady as she goes, whilst we wait for some real heavy duty news.
ST
