I'm baffled by this offer. It doesn't look like they even...

I'm baffled by this offer. It doesn't look like they even thought it through. They are offering a 1 for 1 at $0.001. almost like there numeric keypad wasn't working and they could only use the 0 and 1 keys. Hardly an attractive offer, ie market price.

There was an opportunity here to offer the stock at a discount for this last roll of the dice. An offer that is actually attractive and profitable while still raising the same amount of cash.

I suggest that they should have offered 2 for 1 at $0.0005, ie issue twice as many shares at half the price. Firstly this would have given holders genuine incentive to participate and better still since the minimum market price is $0.001 they would have made a 100% gain on their new investment on the allotment date. Win-win don't you think.