Dr TaylorYes it is too bad that Taylor had the need to sell some shares but recognize that not only is POET his life’s work it is probably his biggest single investment. I think he requested the approval to sell shares for his personal needs and the board said OK. The self-imposed blackout is real and was discussed at the AGM.
Anyway I was relieved to see that it was not LeeP who sold shares yesterday as he ceased to be an insider on Sept 30 and is no longer required to report. On that topic in the past LeeP was provided with a $100k loan some time ago…the reason for the loan was to avoid his selling any shares into the open market. LeeP now has a 12 month window for his options which was a heads up move by Peter. The company is well aware of the optics of any insider selling. For some to say this signals no news is just total BS. In reality he would not be allowed to time his sale around a news related run-up. Otherwise he would have sold during one of the past news driven or article driven run-ups.
As per Mrs Shepherd.
You actually can't plan on when you sell stock like that Aves....that is the very nature of insider selling and it is illegal. There are very specific rules, and loads of scrutiny when an insider wants to take even a minimal portion of his holdings off the table. Dr Taylor still holds almost 4 million shares and options