gameison, in your opinion, how else would they raise funds ? In past they have raised it through issuing shares to existing or new investors.

I doubt they will issue controlling interest to raise at this price level. I think with the help of newly appointed boadmember (from UAE), they (new investors) are trying to buy shares in the open marke to bring it up to required amount for financing (0.10 - 0.12 / share). I think, that the float is only about 10-15 million shares (?) as most are owned by insider. It did peak to $0.075 a few weeks ago with large volumes and then tumble back,.I think a second push to higher level will be needed to break the $0.10 barier.