JakNife, pls tell my by what date this will happen, and what the revenue/profit of PNC will be at that stage.
if the current balance sheet figures are the same as when all the loan notes are converted, thus having nearly 1 bill shares in issue, then i agree with you, sp value will gravitate to 0.1p. that assumes that the current profits don't improve and that Sim4travel is a money pit, maybe they won't, maybe it is!
thats why I clearly stated that one needs to proactively watch the loan note conversion vs increase in profit ratio! if I feel that the dilution is disproportionate then I'll invest elsewhere. but as I've already stated, this is 'effectively' a start-up, so give it chance.