$6m m/c $11m cash & cashflow positive

What am I missing, is this a no brainer or what?

$6m market cap

$11m cash

Cash flow positive making over $1m per year

Around 33% (22 million shares) of the company was just bought for 16.5 cents

Only 60 mill on issue.

Cash backing alone is around 18 cents per share and its turning a profit.

No brainer??

By the look of the recent purchase of 22 million shares at 16.5 cents looks to be like a possible takeover or privatisation is on the cards....??