Offering at .05 was super low. Shows how little interest the market has in their company. It’s like a bad pitch on Shark Tank.
It's a SHELF - the shares are NOT SOLD YET ???????????
THE MORE THE PRICE RISES THE MORE MONEY THEY GET - that's what a "SHELF OFFERING" is for ??????
They have to put a "price" in the box to REGISTER THE OFFERING like par value is for a stock aka always .001 or whatever ?????
A SHELF is FUTURE prep to be ABLE TO RAISE CASH "WHEN NEEDED" not now - it would be prudent IMO to read up on what a shelf registration IS and ACTUALLY MEANS and how one "works" !!