Mega confused

Can somone help me understand this?

We've just had a CR, funding secured and yet the SP has dropped. Yesterday there appeared to be no short sellers, but I noticed that last week there had been, albeit not alot.

So why would anyone sell out on the share at this stage after buying in at the CR at 0.047c? I am obviously missing something.
The Cu has come back a bit over the last week but is still up since mid January, surely not explaining the lacklustre peformance.