Restructured gem?

This one frustrates me somewhat.
Market cap of $13M with half year sales of $11.558M??!! - OK the profit is currently appalling but the restructure should take care of this and increasing tailwinds regarding plastics will help. Solid shareholders with increased holdings and new production facilities. What am I missing here? If they can increase the profit margins - which they appear to have already done, increase bio plastic sales - which they appear to be doing, reduce Opex - which they have already done, then surely this is undervalued.
i'd like to increase my holding but would love to see some other points of view regarding Secos - its a very quiet forum here