POET's chief scientist disposes of 300,000 shares
POET Technologies, the developer of the planar opto-electronic technology (POET) platform for making chips containing electronic and optical elements, has announced that Geoff Taylor, chief scientist of the company, has disposed of 300,000 common shares on October 1, 2014.
Taylor said: "I want to stress that this sale was made for personal financial reasons, and in no way diminishes the belief I have in my life's work, that is POET. Furthermore, I do not plan on selling any additional shares until sometime in 2016."
This is the first disposition of shares by Taylor in over three years. He still maintains a significant position in POET, currently 994,985 shares and 2,890,000 stock options.