THE NEW PNC TELECOM

EPS and PE are not relevant here martincoops, as we've already discussed. In particular you're seeking to project misleading 6 week figures for a full year. It would be complete madness to do that.

That's why the balance sheet is so important and that tells you that the fully diluted net assets are circa 0.11p. Furthermore, nearly 7 times the existing number of shares are going to be dumped onto the market and it's important to understand the impact that they're going to have. 530m of those shares are being issued at a price of 0.1p. You don't need to do any calculations to know the impact of this shares issue, common sense alone tells you that those shares are going to drag down the share price.