Keepto facts- It CAN go below nominal value 0f 0.1 and it did in the months leading up to the last consolidation.
From memory it went down to 0.007p
It can go down to zero if need be, the only issue is that the company cannot raise any new fund at 0.1p or below (hence the consolidation jiggery pokery of the shareprice)
When at 0.15p (optomistic) will result in 141.3 million new shares being forward sold.
When you consider that the company will only be able to issue 750 million shares in the next 12 months that takes up a huge chunk of head room with no cash coming in from the confetti issue.
Already even before the AGM the company looks like it will be strangled by how many shares it is allowed to issue ( only 608 million shares left for 12 months now) which at 0.15p works out at £912k which is roughly 3 months worth of cash.