I wondered if it was a typo when I first read the ratios in the announcement but agree, probably a shortfall grab with something else to come.
Big soak at 0.4c, whoever's buying expects it to be higher than 6c post rights once the consolidation and 15 for 1 issue is done.
At 6c post rights approx $3m cap $1m cash based on fully subscribed and 55m shares on issue