The chart will only reflect recognition of that "1 for 10 swap"...

The chart will only reflect recognition of that "1 for 10 swap" if the market recognises it... and adjusts the trading shareprice accordingly.

The charts are a simple replication of market sentiment(prices) and not of fundamentals as you are proposing. So while theoretically you would expect the chart should reflect changes such as share issues, it won't always happen if the market doesn't acknowledge it.

The chart is "now" simply displaying that the market realised the selloff was overdone and that the raising was a positive factor. In that regard, FKP featured as the "Winner of the week" on the ABC's Sunday business show today, "up 37%" I think.

The chart also shows that from the start of April, the market was 'possibly suspecting' ('or aware'!) that a capital raising was a distinct possibility, so in that regard, the chart may have shown adjustment to account for the share issue already, prior to the announcement even!

It's just a replication and record of historical market sentiments and can't show anything except what the market has already recognised. If you disregard market sentiment and value the share as per your formula, you "may" get left on the wharf?