why don't people want this at $0.001?

A bit unsure about why people dont want to get in on this at the smallest tick size of $0.001.

With 2.5 billion shares on issue, this would give BSI a market cap of $2.5 million.

That sounds incredibly low considering they have just completed a $2.1 million capital raising, they have made over $3 million in profits over the last 3 years and they have a neutral net tangible assets value. Also, as this is the smallest tick size, you could only loose your money if the company goes broke. That is unlikely for a profitable established company such as this.

Can someone fill me in here or is this a bargain at $0.001?