Ann: Section 708 Notice and Appendix 3B , page-7

well it did look like the SP was being held down over the last week or so. Every morning the SELL side got stacked with those 100,000 bids, forcing any other sellers to sell lower
Maybe this is the reason.
Giving them more shares for the price and lowering their average

If the cash is being used to increase value, then it will all work in the end