POET has scheduled this year’s AGM for Aug 26 and will be asking us to approve updating the option plan to 25% (assumed) of the outstanding shares issued. 6.3 million of Suresh’s high priced options expired in June and were redistributed at .53.
POET’s option plan was amended at the 2018 AGM and since that time the O/S share count has increased by 3.7 million shares. Which were almost entirely issued over the last 2 months according to the short position report which is accurately maintained.
The point I am trying to make is that POET needs to get the share price/volume moving in a hurry if they expect to have any meaningful increase to the option pool by the time the AGM rolls around.