The story is a nice one and the valuation when looking at current outstanding shares with is fine..BUT...have you ever invested in a company that has toxic debt and convertible loans at 50% below last 20 day trading average.
This is going to be a VICIOUS cycle. They are going to have to issue 50-100M+ more shares and unless they stop the toxic debt...any little pop is going to be sold quickly due to the amount of conversion that needs to take place.