Ann: Prospectus Extension, page-5

Ok a simplistic request from the newbie regarding this recent share offer at 1c:

1 hardly seems worth the effort for a $1000 raising.
2 Why will anyone buy from this latest prospectus offering a small parcel of shares when the market rate to buy is 3/10 of a cent on ASX?

Seems like a no brainer that this keeps extending - who wants to pay more than 0.03?

I am 'happily' invested and looking forward to what's behind the secret door but the maths needs a little bit of explaining, thanks in advance.

Cheers
B1