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Message: House positions - May Final
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According to my calculations, as of yesterday PC sold (via Canaccord) exactly the number of shares to exercise all 3.3 million of his options that are in the money, including his tax bill which according to Poet's option plan would have been due at time of exercise. Poet's option plan also prohibits block sales in Canada for exercised option shares, so this is why you would not see that type of transaction

Number Price Cost to Exercise
2,500,000 0.235 $587,500.00
500,000 0.445 $222,500.00
300,000 0.49 $147,000.00
3,300,000 $957,000.00
Tax due $724,260.90
Total needed $1,681,260.90



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