TWG, please read this part again. This is after the new COO and still valid in my opinion.

The Company entered into a further agreement with Mr. Gagnon dated April 25, 2015 whereby his employment would continue to August 15, 2015 to enable a smooth transition to the new COO. Severance of one and a half months’ salary would be payable on August 15, 2015. The expiry date of his stock options were extended to one year from August 15, 2015.

And also even if he would not be an Insider anymore, this has nothing to do with his bonus. The bonus was granted under his employment which is until 15th of August.

So the 15th of August refers to 3 different but in my opinion related events:

1) Stephane leaves the company (either with or without a bonus)

2) BAE will finalize "phase 1" of the collaboration agreement with POET (SG was responsible for the technical progress when it began)

3) POET might finalize a PP which would lead to SG leaving "with" his bonus

In my opinion all above is related to the finalization of the milestones and it might also be related to a Partner taking a stake in POET or to Banker´s (happiness) bringing us to the NAS.

Either way, I think the MS are done, the PP will happen and the low SP is not a conincidence (IMO).

Anyway I mark the 15th of August red in calender.