Question, page-6

what I want to know is why is the capital raising being done at 1c when the last traded price was 3.4c , this is OVER 70% BELOW the last traded price, are management idiots? or is something else going on here, usually placements and raising are done at say 10% below last traded price, or at 20% below LTP, but 70% below LTP is beyond belief, is PLV that totally desperate? that they couldn't have raised at 2.5c? or even 2c?
or even 1.5c?