Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: More shares uplisted yesterday, on 19th.
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Here's some numbers for PC's options that are currently in the money. All numbers are in CAD. Reference point is May 1st, when PC resigned:

Number Price Cost to Exercise/Proceeds to Poet
2,500,000 0.235 $587,500.00
500,000 0.445 $222,500.00
300,000 0.49 $147,000.00
3,300,000 $957,000.00

As can be seen below, the number of shares sold by Canaccord closely matches the increase in O/S shares. The amount of funds raised through Canaccord's selling also closely matches the amount required to exercise the number of options detailed above. Bottom line, I think the selling is pretty much done.

Outstanding share count increase since May 1st (excluding DL shares): 803,040

Canaccord (broker 33) sold since May 1st: 887,100 for proceeds of just over $1,000,000

Broker #33 from 20160501 to 20160520

DateBought$ValAveSold$ValAveNetPosition$Net$Position

20160502 0 15,000 21,450 1.43 -15,000 -15,000 21,450 21,450
20160503 20,000 26,600 1.33 0 20,000 5,000 -26,600 -5,150
20160504 5,000 6,000 1.20 50,000 61,500 1.23 -45,000 -40,000 55,500 50,350
20160505 0 100,000 123,818 1.238 -100,000 -140,000 123,818 174,168
20160506 0 85,000 107,157 1.261 -85,000 -225,000 107,157 281,325
20160509 0 100,000 124,612 1.246 -100,000 -325,000 124,612 405,937
20160510 30,000 37,300 1.243 0 30,000 -295,000 -37,300 368,637
20160513 0 10,000 12,900 1.29 -10,000 -305,000 12,900 381,537
20160516 0 105,000 136,591 1.301 -105,000 -410,000 136,591 518,128
20160518 5,000 6,000 1.20 105,000 118,731 1.131 -100,000 -510,000 112,731 630,859
20160519 0 300,000 311,981 1.04 -300,000 -810,000 311,981 942,840
20160520 0 17,100 17,955 1.05 -17,100 -827,100 17,955 960,795
TOTAL 60,000 75,900 1.265 887,100 1,036,695 1.169 -827,100 960,795

Reference on why options should be exercised at the lowest possible market price. One can see the motivation for PC exercising his options as soon as possible, especially if he feels the share price will be higher in the near future. The amount of tax he will have to pay next April would be significantly higher, the higer the share price is on the date of exercise.

http://www.theglobeandmail.com/globe-investor/personal-finance/taxes/dont-let-stock-options-leave-you-with-a-nasty-tax-bill/article23527077/
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