It is just a guess but we might see a PP within the next 1-3 weeks as mentioned in the Management & Information Circular vom 12.05.2015. This is related to the Bonus of Stephane Gagnon and he was/is responsible for the achievement of the Milestones.
If they were done, a "Partner" could take a stake in POET via the PP of min. 10 Mio. USD.
If that would be really the case there would be a big interest from this "Partner / Party / Bankers" to get as much as possible shares for the minimum 10 Mio from POET. How would that be possible? Right, with a low shareprice. What do we see now? Maybe the "preparation" for this PP to make either the Partner or the Bankers happy. Because this PP could also be the Bonbon for the Bankers bringing us to the NAS as Peter was speaking in the CIC Presentation, here he also spoke of a PP. Conincidence?
I don´t think so. (IMO)
Mr. Gagnon entered into an employment contract with the Company dated November 4, 2013 that continued indefinitely at a current yearly salary of CA$200,000. The Company entered into a further agreement with Mr. Gagnon dated April 25, 2015 whereby his employment would continue to August 15, 2015 to enable a smooth transition to the new COO. Severance of one and a half months’ salary would be payable on August 15, 2015. The expiry date of his stock options were extended to one year from August 15, 2015. This would be conditional upon the Company’s stock option plan being amended at the next annual general and special meeting of shareholders to allow for this, otherwise his stock options would expire in 180 days from August 15, 2015. Therefore, this condition is to be made on a best efforts basis and subject to all necessary regulatory and TSX Venture Exchange (the “Exchange”) approvals. Mr. Gagnon had a prior approved bonus whereby he would receive a bonus upon completion of a financing. This bonus has been amended such that he will receive a bonus of 6 months’ salary on completion of a successful private placement financing equal to or in excess of ten million dollars ($10,000,000), excluding option or warrant exercises, essentially new money, if such financing is completed prior to August 15, 2015. All of the above terms are subject to necessary regulatory and Exchange approvals.
