agm resolutions - approval of proposed issue

OK, I get that they want to issue 250 million shares are 1 cent per share to raise $2.5 million (resolution #2).

I don't understand why in resolution #3 they want to also issue another 210 million shares at $0.0001 per share (10 shares for 1 cent) to raise $21,000? (Given that the current share price is $0.007 per share.) This seams like a ridiculously low price that devalues the company.

Resolution #4 = 210 million options.
Resolution #5 = a share placement to raise $5 million at a price yet to be determined.