POET Technologies Inc.

As of June 30, 2015, our working capital was approximately $14,636,215 (USD)

As of June 30, 2015, there are 6,712,387 warrants outstanding to purchase common shares at an average exercise price of $0.35 expiring between July 31, 2015 and September 27, 2015. Should those warrants be exercised, there is a potential for an additional CA $2.3 million to be raised by the Company.

That's over $18 million CAD. Add at least another 1 million CAD or so to that with July warrant exercises.