Now he owns around 16% of the company. They urgently need to...

Now he owns around 16% of the company. They urgently need to lift the performance and move the share price past 3c. A higher quality of management could have lifted it to 5c. Pity.
If they cannot see themselves doing better, maybe they should put themselves up for a takeover by a bigger operator. Millennium Services Group may be interested- they have a declared intention of expanding their security services and also expanding geographically into WA.