bacp
bacp,
I am confused. About 2 weeks ago, you said the shares were well worth a punt at 1p based on the view of your friend joining them.
Now, you fear they may go bust by Xmas?
I wouldn't touch the shares for a while yet. If they make a success of it, the sky is the limit and there will be plenty of upside.
BUT!!!!! Just because a share is a penny, it isn't cheap. If you invest £10000 in shares at £100 a share and the company goes bust you lose £10000.
Same goes for a penny share.
Therefore, the investment case is not there solely on that basis.