Anyone who thinks that Sheldon knows no more than we do I believe is lying to themselves.

How many shares was it that he holds, 3.2M (with an additional 3.2M in warrants)? I can’t recall if FJ mentioned if that was solely in his RRSP.

With respect to his sell, I would have felt much more confident if it took place over the course of one day. Given that it has spanned 2 to date does not concern me yet as the amounts (relative to his overall holding) were menial. That said, anyone with such a large position would be an idiot (especially if in their RRSP account) to simply dump this number of shares into the market all at once. That would crush the share price based on current volumes. The sell would be long and drawn out. Unlike the last time, no real catalyst exists to force a panic sell on Sheldon’s part. This bodes well for us shareholders.

The way I see things presently with the information at my disposal, I view this action as neutral to negative (and am hoping for an outcome of neutral). The optimist in me would still like to view this situation as Sheldon needing some liquidity for whatever reason. With the wealth he has and the current position he’s built in POET, I don’t see this hurting his pockets very much should the Company take off.

Here’s to hearing something, anything from the Company soon!

Cheers,

Sandman