Logic escapes me to understand how they believe they can believe...

Logic escapes me to understand how they believe they can believe that the market will support a capital raising of $3m @ 5.3c per share. As I've said before, I am of the opinion that the Sony take up of 17m shares was to seek recovery of $900k in outstanding fees - I'm open to be corrected should Ankara like to update us. It defies logic that a share that last traded at 6c, been off market for over 2 months, has extremely high cash burn rates, seeks to dilute the capital base by issuing nearly $4m more shares, needs to convince existing (long suffering) shareholders to approve managements actions and then expect to come back on the market at approx the same price? Beats me.