While the reason for Sheldon selling a portion of his RRSP shares still puzzles me (although likely related to him needing liquidity), I believe the reason for the sale of shares related to his FUND likely pertain to the the fund having certain covenants that do not allow one holding to occupy over X% in the FUND. With resource stocks fallign as they have, this would make for an overweight in PTK as Sheldon already held a significant portion of the fund in our stock.

Also, i'm quite certain that prior to Sheldon joining the board, it must have been agreed that even in a blackout period, this would need to be permitted, and would not be considered insider trading as the transaction would be mechanical and irrespective of any news. I only bring this up as this will likely impact Sheldon's ability to hold his position of shares if resource stocks remain at current levels or PTK increases in value.

That said, once news is released, this should be behind us as any sale from Sheldon will hopefully move into stronger hands.

Regarding Sheldon's previous purchases a few years back, I have nothing negative to say except for the fact that I only wish we were not put in this predicament today. Here's to getting some news out ofthe company sooner than later.

Sandman