You need to keep in mind SOI - shares on issue.
You are talking SP when you should be talking market cap.
Back then there was 1.788bn shares on issue approx, now it’s 2.906bn. Approx.
When the company was 23c recently it was already trading at a higher MC.
Thats why any shares issued at low prices can kill the long term holders.
Running discussion on SP, page-44064
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