This is how they raise funds. They give 1 million shares at...

This is how they raise funds. They give 1 million shares at .005c. That's what they tell shareholders. What they hide in the fine details is that they also give say 300,000 more in lieu of fees. That brings the average right down.
Same with Arvind's pay cut. Headline rate cut from $500k to $400k. But check the short term benefits. I don't trust this board. Turf them out. Everything they touch turns to s**t. Deal for ceramic filters, Prism, Bankura, Pebble, Monarch, Lachlan Resources, La Jolla -- too many to list.