Ann: Company Secretary Appointment/Resignation and Address Detail-1PG.AX, page-28

T/O?! No one will want to pay $35m+ for a business that has minimal revenue and a high cash burn rate. It needs to put runs on the board before anyone would even entertain the thought of buying this company. As a Fool article a few months ago said, you get more revenue from a bank deposit than with 1PG and with no risk. Yes, it's still early stages, however, if you go through the quarterly reports since IPO over 2 years ago, they have made lots of ridiculous statements about expected revenue that has so far not eventuated. It won't go above 20-25c until revenue increases quite a bit and there are signs that it could eventually break even. Otherwise it'll be sub 10c after the next quarterly or the one after. Cash backing is a useless measure when they are spending at a ridiculous rate.

Also, I don't think management not selling at $5 is any indication that there will be a turnaround. Business owners generally see things through rose-coloured glasses and think their business/product is better than it actually is. Many people have grandeous visions about how good their idea/product is, then realise that it's a total dud. I did some research and found that Joanna and her father raised $3m in 2012 to get the 1-Page idea off the ground. They blew that.