"I am no tax expert either, and just going by what I was told with an in-kind transfer into an RRSP, so I assumed the same for TFSA. What I was told with the RRSP, was that you have to pay capital gains, but do not get to use capital losses. Which does not seem right, but is what I was told."

You're correct Quan Gork. The same thing applies to TSFA.

You have to sell to be able to use capital losses and you have to wait 30 days to buy again in your TSFA.

It was expected, shorts covered their positions. 20 666 shares are now short.

http://www.financialpost.com/markets/data/market-short_pos.html

POET Technologies Inc
com
PTK
20,666
5,532,480
-5,511,814

In line with rockymica theory posted yesterday, the new CFO Mika has experience running a Nasdaq listed company.

rockymica :

One theory I have heard is that the deal was done with the agreement that once news or clarfication is released stock rebounds above .52 warrants are excercised and Poet has close to $40 million to do a major deal and uplist to Nasdaq. Cynical and lack of credibility but it is a possibility.

http://finance.yahoo.com/news/poet-technologies-completes-c-12-155042363.html

AN JOSE, CALIFORNIA--(Marketwired - Nov 2, 2016) - POET Technologies Inc. (the "Company" or "POET") (TSX VENTURE:PTK)(POETF) announced today that it has completed its previously announced public offering of units of the Company ("Units") to raise aggregate gross proceeds of C$12.5 million (the "Offering"). A total of 34,800,000 Units were issued at a price of C$0.36 per Unit pursuant to a placement agency agreement (the "Agency Agreement") dated October 28, 2016 among the Company, Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as lead agent and lead book-running manager (and sole agent in the United States) and Cormark Securities Inc. as lead manager in Canada. Each Unit contained one common share of the Company (each a "Share") and one common share purchase warrant (each a "Warrant"), with each Warrant exercisable by the holder thereof to acquire one additional Share at a price of C$0.52 per Share for a period of 60 months following the closing of the Offering.

The Offering was carried out in each of the provinces of Canada (other than Quebec) pursuant to a prospectus supplement dated October 28, 2016 (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated October 6, 2016, and in the United States pursuant to a registration statement on Form F-10 (which includes the short form base shelf prospectus). The Company intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, increasing working capital, research and development, further product and sales development, as well as potential business or intellectual property acquisitions in support of strategic growth.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, Units, Shares or Warrants in any state or province in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such state, province, or other jurisdiction.

The Prospectus Supplement (and any marketing materials) relating to the offering are available free of charge on the SEDAR website at www.sedar.com, on the SEC's website at www.sec.gov and on the Company's website at www.poet-technologies.com and electronic copies may also be obtained from the offices of H.C. Wainwright & Co., LLC at 430 Park Avenue, 4th Floor, New York, New York 10022 or by emailing placements@hcwco.com. The Offering was only carried out by means of the short-form base shelf prospectus and the Prospectus Supplement.

About POET Technologies Inc.

POET (Planar Opto-Electronic Technology) is a developer of opto-electronics and Photonic fabrication processes and products. Photonics integration is fundamental to increasing functional scaling and lowering the cost of current Photonic solutions. POET believes that its advanced opto-electronics process platform enables substantial improvements in energy efficiency, component cost and size in the production of smart optical components, the engines driving applications ranging from data centers to consumer products to military applications. Silicon Valley-based POET's patented module-on-a-chip process, which integrates digital, high-speed analog and optical devices on the same chip, is designed to serve as an industry standard for smart optical components. More information may be obtained at www.poet-technologies.com.

ON BEHALF OF THE BOARD OF DIRECTORS

John F. O'Donnell, Secretary

Nothing to add. A solid post!

Thanks Axel.

"These clowns were played like a cheap pipe organ. I am sure the US platinum investors advised our rockstars to structure this placement and in return gave them some song and dance about how they were going to promote our little company to the Sachs and Scwab's of the world but the truth will be in the months to come when they clip and flip and leave the stage like some groupy with hemaroids and gonorhea."

I know it's been a tough 24 hours for every shareholders, this quote from Rickthevet resumes so well what happened and for some strange reasons made me laugh.

I think two things could come up from this fiasco (and they are opposite) :

- They raised the money because late in november they will tell us that the VCSEL completion is taking longer than anticipated and don't know when it will be done (later in 2017). It explain raising the funds now rather than after this news.

or

- In late november (or in the weeks to come), tell us they had to shore up the balance sheet to respect the clauses of an important supply agreement

I hope everybody can somehow have a good weekend.