Is TTI becoming a takeover target?

I suspect (and this is my opinion only) TTI is going to hit 1/10 of a cent which would value the company at circa $1m. For those financial engineers amongst us - do you think a group of major shareholders could mount a takeover of the company at this level? - take it private ? - use their own resources to get cheap money to increase the bottom line - do a little”restructuring” and then relist it at say 10c a share or whatever the market will bear depending on market conditions. They say the past is no indication of future performance - I don’t know if I can wait that long for this little “gem” to be true in the case of TTI.