POET Technologies Inc.

They try to disclose what they can. The disclosure policy supports withholding material information where disclosure would be detrimental to current activities that will have major impact to the company’s business objectives.

Sometimes it is necessary to piece the information together using clues. For example the company was not allowed to say that Tony Blevins is a VP with Apple in their news release.

The company cancelled a primetime interview on BNN a week after it was accepted as a result of being in quiet period ahead of an announcement. Some think that is no big deal that POET could just dance around the subject. I agree why couldn’t Peter just describe POET and what their plans are to become a licensing entity of the POET process. That would be great and would provide some badly needed exposure to new investors. But what if the development which forced Peter to cancel one week later was such that he could reschedule the interview and be able to speak with greater freedom about some of the details of that development. In other words why go on BNN today and limit the conversation when you can reschedule tomorrow and be more candid about that development and what it means to future monetization plans.

One of the most subtle clues we have which has been largely overlooked is in this paragragh:

PTI is actively working on multiple fronts related to technology milestones. The original target completion dates of the “PET PDK” (originally called to “PET PTK”) was Q3 2014, and for both the “electrical 100-nm ring oscillator” and the “50 GHz VCSEL” was Q4-2014. All timelines were extended to Q1-2015. These three milestones continue to be POET’s primary focus while in parallel advancing on the IP monetization plan. Monetization possibilities are progressing through the expanded agreement recently signed with BAE Systems and implementation of the “Technology Roadmap Advisory Committee”, amongst other developments.

The MD&A was issued on Thursday after close when by normal accepted practice companies issue releases which will be viewed as negative on Fridays after close to allow for a cooling off period. The fact that there were so many buyers at a price which was higher than the previous week points to in my opinion the recognition that the company is at a significant point in its monetization stratagy despite just having delayed some of the key findings that would enable some of those anticipated deals. So what’s up with that?

It is that highlighted line above that people I think should be paying closer attention to “other developments”.

Sheldon Inwentash just exercised 1500 warrants that don’t come due until the summer and he did not sell any of those shares. He is famous for sending signals by insider activity. That of course is speculation but why exercise early and tie up cash?

The new directors who are significant semiconductor industry executives were appointed and warrants set at $1.99. That should in my opinion be considered another signal of what is going on. Peter knew that the shares would take a hit and he could have provided much greater value for the relatively small number of options that were awarded to these new directors. Options that vest at a rate of 25% every six month…that is 62.5k shares every 6 months. Not a huge payment for new directors of such merit considering the current share price.