As an investor I do not appreciate dilution, in general terms, as much as everyone else.

However, I am of the opinion that if any of us (on the outside) were in the same position os the BoD, most of us would most likely do the same thing.

The options were approved by the shareholders and if the BoD have reached a point in the monetization process where most or all of the outstanding and available options are not required for talent aquisition, why not divide them up internally as additional incentive?

My opinion is based largely on the fact that not that long ago POET (then Opel) was on the very verge of going bankrupt. Had that happened we would all have lost everything.

It wouldn't have mattered if there were 100M or 200M shares on a fully diluted basis; they would have been worthless.

Enter Benadiba, Copetti etc in the BoD shake-up.

Now here we are with a vastly different company. Solar divested (thank God), a strong balance sheet ($5.5M cash), POET forging ahead with strong technological advancements, restructured with proven talent on board, whitepapers circulated, POET test chips being made to demonstrate POET capabilities to "interested third parties" ...... etc etc etc.

I do not like dilution, but in this case I'm happy to see them divide up what is left because if beneficiaries of these options make a lot of money; so do we shareholders.

Is that reasonable? - I think so but for sure not everyone would!

Regardless - here's looking to a bright future for all invested in POET.