Okay, phil-tv, just for you here's the original announcement of POET's public offering:

POET Technologies Confirms C$12.5 Million Public Offering of Units

Please note that the goal of the PO was to "to raise aggregate gross proceeds of up to C$12,528,000 million" in the first place, not $50 million as you suggested.

Please also note that the news release is dated 2016-10-18, i.e. before the books were opened, let alone closed!

In future, please make sure your facts are correct or simply ask whether you have got it right or not. With posts like yours, people will tend to not believe you, even if you are right.