I'm surprised the VWAP is has resulted in a issue price of...

I'm surprised the VWAP is has resulted in a issue price of $0.041 per share ,I know the formulas complex

VWAP is calculated using the following formula:

where:
is Volume Weighted Average Price;
is price of trade ;
is quantity of trade ;
is each individual trade that takes place over the defined period of time, excluding cross trades and basket cross trades.[2]
but still it seems a bit low.

hell with Hindsight I could have opened up a CFD and made 20%