Poet Technologies Inc (POET)

[mackwheaton]

That was Sheldon Inwentosh, who was chairmen of Pinetree Capital (PNP) and on the board. Early in development, he was a pivotal investor. His stewardship of Pinetree ended last year and both he and Pinetree divested significantly, Pinetree because of fund liquidity, Sheldon appears to have sold part of his position to buy another stock in August which quickly tripled in value.

His influence is now limited to shares in hand, of which he may hold a 5% position. Also, their was a considerable warrant overhang that hit last September, and it is believed he sold shares at that time to exercise those warrants. Those issues are now in the rear view. POET's biggest problem is being stuck on the Venture exchange. Once they make the move yo the Nasdaq, visibility should increase dramatically. As of now, it is likely that at least 80% of the investors are Canadian. They need to get into the $4-$5 range for Nasdaq and institutional/fund investment interest here in US