This company is hugely lossmaking, yet on todays value, after the debt is dissolved in to the equity, the implied market cap is well over £1 billion pounds !
Please do your own research on this one, but I would avoid paying anything over 4p.
Fundementally on the most bullish growth outlook, the shares in there current form are worth between 1.75 and 2.25 pence. Add in a small amount of 'option premium' and they might fetch 3p, but that is it....
I wonder how many people would be buying if there were only 1 hundredth of the number of shares in issue but the price was 800p a share????
Just because the price is 'low' itdoesn't mean you cant lose a lot of your investment ...