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: Share sale by management

here is the answer from poet management

 It is quite unfortunate that the shareholders believe the world is

coming to an end for the Company when insiders participate in a very small
way in the success of the Company. Insiders currently hold either in shares
or options over 100M units. Its hard to understand why a sale of less than
1% of holdings is such an issue. POET management believes that the recent
"rally" in our stock resulted from the "coat-tail" effect of another stock
in the same sector - Lightwave Logic (LWLG), which has gone from $1.50 to
$15 in one month.  POET's price and volume closely matched that of LWLG's,
both on the way up and on the way down.  We do not believe that the sale of
a very small portion of the holdings of some insiders had anything to do
with POET's recent price decrease.

Nothing fundamental has changed over the past month, we remain on track to
our schedule and we remain confident in the future of the Company, both in
the short and long-term. 

Shareholders should realize that insiders have very narrow windows in which
to sell and that any such sales are based on decisions taken by individuals,
not by the Company.  In the case of directors, 80% of their annual
compensation is in the form of options.  For management, options are both a
part of compensation and a key incentive to remain with the Company.  Both
the directors and senior management of POET firmly reject the notion that
our sales demonstrate a lack of confidence in the future of the company.

I trust this provides more clarity. 

Best

 

 

 

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