Worksport Ltd (WKSP)

[JPL1868]

Makes sense to me. He needs money to fill orders. Can't really offer a PP .06 cents above where it's currently trading. Perhaps he thought there would be more of a run after 10k and 100M share reduction. The choice was probably go a few more months with lower revenue or bite the bullet and do the raise at a lower than ideal amount but gain sales sooner.
I'm all for grabbing revenue ASAP.
Most people complaining are looking for a quick flip at .05-.10 with potential to ride free shares. Check back in 2-3 months and see how you feel then.