Maiden Profit, page-57

@SprayandWipe  -- I'd have to say, they are going to need money for capex in the near future with regards to the expected work they have outlined. The debt is basically full up.  It gives them motive to raise with a reason (new work - cleanup the balance sheet, reduce debt and push growth initiatives).  Last CR was for 164,000,000 shares = . 
The next one might be for 200,000,000 shares = $6M @ $0.12 & $15M @ $0.10  similar raise value but slightly cheaper?  Could be anything might be half that price and half the value but similar amount of shares.  Which ever way they go... I got a feeling they are going to feed the institutional component to Newmarket Capital.  Once their man is on the register near the top.. then it will start hitting some home runs and margins will increase.  Later they can clean up the 560,000,000+200,000,000= 760,000,000 shares with a 1:10 reduce it back to 76,000,000 and let the profits flow to the holders.  Who knows for certain.  Just my feeling.  GLTAH