I believe that is a harsh assessment.

You have to understand the environment. OPEL, at the time, needed money. These were not particularly good days when looking for money. The market had collapsed in 2008 and even though the feds flooded the market with cash, little of it found its' way to retail shareholders or small time entrepreneurs. Much of it did end up in the market, but not at POET's market cap level.

http://www.marketwired.com/press-release/pinetree-capital-ltd-acquires-securities-of-poet-technologies-inc-tsx-pnp-1878926.htm

http://www.marketwired.com/press-release/pinetree-capital-ltd-acquires-securities-of-opel-technologies-inc-tsx-pnp-1757541.htm

http://www.marketwired.com/press-release/pinetree-capital-ltd-acquires-securities-of-opel-technologies-inc-tsx-pnp-1707070.htm

http://www.marketwired.com/press-release/pinetree-capital-ltd-acquires-securities-of-opel-international-inc-tsx-pnp-1322686.htm

http://www.marketwired.com/press-release/pinetree-capital-ltd-acquires-securities-of-opel-international-inc-tsx-pnp-983771.htm

These financings were necessary for the survival of the company. Had SI not been there, we might not be here discussing the fact. Hell, nobody still knows about the stock judging by the volume these days, but continue to trade we do, thanks to the financial support of SI, amongst others. Apparently the company could find no other support.

Was he over-rewarded? Perhaps, but only history will tell that story.

You can say what you want about SI, but I say, thanks for the support, I hope it works out for all of us.