Ensogos sweet story, page-10

Sorry but just to stir the pot, but have to ask the question?

they raised 30 at 45 cents 12 months ago and goes down to 7.8 cents.
Then
6.4 million at 10.8 cents
Then
10 million at 17 cents
Then
they raise another 35 million at 18.5.
This is all within 12 months.

Plus a resolution to issue over 10 million shares to employees for doings he job they are paid to do.

Then
does that mean it goes under 4 cents ?.

Sorry being very cynical to long term holders, but the last quarterly wasn't good and the cash burn looks to be continuing. I thought the last quartely would have atleast been cash flow neutral.

Can someone give me a compelling reason to buy?
Apart from cash in the bank, no debt, vip shop as shareholder.
What is the market cap at 18 cents after all of this cash raising.?