The stock seems to have rather a lot of support at 10c, 10.5c and 11c.
I can't begin to imagine who would want to own this thing unless there is some asset or some acquirer hiding in the wings.
Maybe Rathjen has lined up Merck to put a floor under the price and increase their stake to 19.9%.........
They are the only ones with a clue as to the "hidden" value.
Good luck......