$15.5M in cash MC = under $9 M, page-4

I've been thinking along similar lines, adding here and there, particularly under 1c.
The stock has had a long and chequered history, to say the least, but when they divested the Miggster business there was then the opportunity to make a fresh start with a completely new venture - they chose instead to keep their South African MNO business and have since expanded into the Pacific Region, via an acquisition, so they must see potential, or what's the point?
I was pleased to see the quarterly cash position maintained and look forward to news of increasing and self-sustaining revenue.
I think it's unlikely that management intends to sit around and fritter away the cash; under 1c it's reminiscent of the early days of their involvement, let's see where this goes next - it won't take a lot, as others have pointed out, for a half-decent recovery, IMO, at least to cash backing, plus a recognition of their established business.
B22.