"Maybe it's a typo and they meant to say $0.005 ... but it's also possible that $0.05 includes a consolidation of existing stock "
That's what I figured. Raising $90m at 0.5c would just result in a massive number of shares, and there's no real benefit to it. To issue that many, it would make sense to re-organise at the same time.
judgement day, page-10
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