Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-41

Anybody could, nobody would.
What is there to takeover?
There's little market share, so few customers to acquire.
There's no profits, so no addition to the bottom line to acquire.
There's a platform without any particular novel or patented technology, so no significant IP to acquire.
It's performing dreadfully in a competitive landscape, and there's no USP to acquire.