Ann: Appointment of M&A Specialist, page-16

Yes, if you think its cheap here. I think its worth 10c, based on the very little organic growth so far. But we have a substantial holder who seems willing to sell below that. I'd like to see some improved progress from Statseeker first before I got more interested because that would justify a much higher share price.

So basically, I think its cheap but not super cheap until (if) Statseeker kicks into gear, and in the meantime the big seller may hold the price below 10c.