That is factually false... the shares WERE NOT issued to raise money, they were issued to pay down debt!
The share issuance was repayment of a loan that is now paid off! Part of that loan was repaid with shares at various price points that were at a discount to the market price at the time!
The average price paid for those ~98M shares was $.0022, so why should any objective investor focus on just the absolute lowest price that shares were issued at?
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