Ann: LCT Completes Strategic A$1.285M Placement, page-2

257Mil shares at 0.005.
Raise was not to institutions but to "sophisticated investors".
In other words they raised money to possibly twitter quick flippers in hopes to get some attention.
But we will see this at 0.001 when they quick flip this on the first day they get their shares.
Imagine the straight face management need to have when they go to capital firms asking for money
Raise at 0.018 = 70-80% loss.
Raise at 0.008 = 40% loss.
Now raise at 0.005 to twitter pumpers which will P&d back to 0.001 for a 80% loss.
I really want to know how management do this with an absolute straight face.